Yes, the income side of the Australian gold miners is completely dependant one the USD POG, but as most of their gold is mined in Australia a considerable amount of their expenses is paid in AUD, especially wages. This would increase the margin of the Aussie miners.
NSTs gold production right now is coming roughly 80% from Australia.
We have already seen this happening in the past, which resulted in an outperformance of ASX gold miners relative to their US/Canadian peers.
Yes, the income side of the Australian gold miners is completely...
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Last
$16.00 |
Change
0.110(0.69%) |
Mkt cap ! $18.39B | |||
| Open | High | Low | Value | Volume |
| $16.00 | $16.11 | $15.89 | $50.35M | 3.146M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 84 | $15.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.01 | 47766 | 4 |
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| Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
| NST (ASX) Chart |