With the recent rapid rises in the price of gold to ~AUD $2850/oz, it's easy to overlook the fact that gold is now tracking around the AUD$2700/oz mark, and all the gold miners will be selling their production into this elevated price level, higher than assumed in most previous earnings forecasts/guidance announcements. Just recall as recently as Jan 2020, the POG was steady around AUD $2100-2300/oz, and that seemed very high at the time. RMS should see revenues continue to surge even if gold stays around the $2700/oz level for the next 6-12 months.
All IMHO, DYOR
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- POG reaches US $2070/oz, $2868/oz AUD
With the recent rapid rises in the price of gold to ~AUD...
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5 | 35905 | 2.020 |
Price($) | Vol. | No. |
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