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...
Add RMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.99 |
Change
0.000(0.00%) |
Mkt cap ! $2.257B | |||
| Open | High | Low | Value | Volume |
| $1.99 | $2.00 | $1.96 | $1.556M | 786.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 9709 | $1.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 24598 | 27 |
View Market Depth
| Last trade - 13.10pm 15/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.99 |
Change
0.000 ( 0.12 %) |
||||
| Open | High | Low | Volume | ||
| $1.99 | $2.00 | $1.96 | 200317 | ||
| Last updated 13.24pm 15/05/2024 ? | |||||
| RMS (ASX) Chart |