There also needs to be some acknowledgement that whilst the gold miners have all been hit.
There is a clear divergence forming in which the WA Open Pit Gold Miners are holding up better then the Miners with predominantly underground mines.
This correlates with the poorer earnings and performance from the underground mines.
If Qtrly earnings for these underground mines continue to rise and exceed guidance, they'll be forced to close them.
Scoping Study in Q3, page-14
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