Gold doesn't seem to be doing so well as far as price is concerned. So I did a little reading and found that there's definitely a positive correlation between gold and AUD/USD. That means that if gold is falling , so to will the Australian dollar against the US dollar. So that means our revenue and profit numbers won't be affected at all in my opinion. Yes- what about the toll treatment for third party companies? Well they'll still want us to treat their gold because not only is it one of the cheapest places to treat gold ores in Peru but because the Peruvian currency should also weaken against the US dollar which means no loss in price... The only losers would probably be mainly companies that produce and state their financial statements in US dollars. MIZ thankfully show financial statements in Australian dollars so this short shock in the price of gold won't significantly affect the bottom line of the company.
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