Gold miners dont really look at XAUAUD price, XAUUSD is the one...

Gold miners dont really look at XAUAUD price, XAUUSD is the one that matters, even if in Australia. This is because of the nature of the market is international, and weakness of AUD does not reflect on the profitability of miners. The only exception is if the miner hedges against the currency, which is what ASX: SAR does. Hence in times like these, SAR is less susceptible to POG falls, but also will be less rewarded if POG rises. BGL on the other hand is highly susceptible if POG goes down.

As well BGL dropping 20% doesnt mean POG drops 20%. Gold stocks are always leveraged for Gold prices due to cost of mining the gold. For example, most miners would right now be unprofitable if POG drops below $1,000 USD/barrel due to AISC. In this case, BGL does have an advantage due to its low AISC compared to other advanced explorers.