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MJ COMMENT
The spotlight turns yellow
Analysts came out of the blocks quickly this week to name those companies in jeopardy after gold dipped under the significant US$1,100/oz price barrier. In doing so, they also highlighted those able to withstand not only today’s woes, but further downward pressure.
Even the most bearish reports came with chinks of light. Wood Mackenzie suggested around 10% of gold miners were underwater on a total cash cost, plus sustaining capital expenditure basis, meaning nine...
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