This is what a global recession looks like.
Median AISC around the world is $950 usd or $1350 au in Q3 2020 as a guide.
A gold sell off would result in the Aud falling and diminished margins. Profits would likely be wiped out with depreciation and other costs. I am predicting a gold price retreat could likely fall back to 2008
$950 usd ounce, or $1580 Aud.
$1580 AUD Gold price or $ 950 USD exchange at .60 usd.
$1350 AUD AISC (2020 median .) 2020 exchange at .68 usd I used reverse conversion.
$230 AUD Margin
Note I use the 2020 average cost reverse conversion to achieve $1350 AISC in AUD .which is the same regardless of a move in the USD
If you include falling mining costs the median AISC could fall lower which would result in a lower gold price.
https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/top-gold-miners-record-decreased-all-in-sustaining-costs-in-q3-20-61530508
This is what a global recession looks like.Median AISC around...
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