The further the POG drops it is ultimately good for BDR in the long term because of its very good hedging arrangement at 1600 and iron ore off set.
High cost producers will have to slow down their gold production or mothball it. Thereby decreasing the supply of gold in the market, which will tend to push the price up, when gold becomes more scarce.
The further the POG drops it is ultimately good for BDR in the...
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