interesting article, page-2

Thanks, hoosh3.

From the largest (e.g. Barrick) to smallest gold miners, the biggest problem seems to be high and rapidly increasing cash costs. Partly due to lower ore quality, but just as much due to inefficiencies. This isn't restricted to OZ miners (for a change).

MML is usually identified as one of the lowest cost producers (about $210/oz), but its costs were much higher this year due to redevelopment work. RED's costs will be very low relative to most producers (about $450/oz) for several reasons (ore grade, soft ore, lower labour costs, etc), but of course RED has yet to demonstrate its cash cost guidance.