But despite that, by day's end here our two leading gold stocks, NCM and LGL had been well bid and ignored all this carnage instead of being smashed down.
Lower $A to $US, and falling oil price positive for Producers earnings. Eg: impact on NCM earnings with 1c move on the $A/US FX rate equates to A$7m earnings differential.
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very significant , page-20
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Will Souter, CFO
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