Here is the new reality from an Aussi miner in their Quarterly today - "Achieved gold price $/oz 3,164 3,195 3,322 3,182 3,134 3,168 3,171" This is from across their network of mines. I've never seen numbers like that.
And they included this interesting phrase in their statement - "Revenue is significantly leveraged to spot metal prices (gold spot price of $3,715/oz) with over 95% of gold sales unhedged". They seem rather confident of a healthy market.
Here is the new reality from an Aussi miner in their Quarterly...
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