PRECIOUS METALS

Denver focus on cash, costs, capital

Gold majors used this week’s Denver Gold Forum to press their investment cases, citing improved capital discipline, stronger balance sheets and improved liquidity, falling all in sustaining costs, divestiture of non-core assets at fair market value, and solid project pipelines.

Cerro Negro in Argentina is forecast to produce 425,000-475,000oz of gold this year at an AISC of US$800/oz

Cerro Negro in Argentina is forecast to produce 425,000-475,000oz of gold this year at an AISC of US$800/oz

The forum was attended by 950-960 people compared to 1,040 last year, mostly on the buy side, primarily from private equity and many business development people. “There is a lot of company business development...

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