Yeah always an exchange rate story when it comes to Australian gold producers.
I agree that the RBA should already have been cutting australian interest rates, inflation and wage growth is totally dead and raising interest rates hasn't had any effect on the Sydney and Melbourne property bubbles at all, the RBA need to realize they are operating in a low world growth "beggar thy neighbour" currency war environment, where the aim of the game is to devalue your own currency, because its your exporters being competative that give you the growth you are looking for.
A rising AUD is still the biggest risk for a lot of australian based miners.
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