Sure, Pinto, capital costs (overall) for miners likely to be higher. Yen is high also, where alternate suppliers of 'yellow stuff' reside (eg Komatsu, Hitachi). Would imagine a lot of mineral processing equipment can be sourced from Europe.
Forgot to mention the elephant in the room, when it comes to falling property prices. Increasing unemployment in the building trades and ancilliary services / suppliers. That could have some nasty knock on effects.
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