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Meet the industry leaders who shape the Future of Mining in Australia
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Precious metals producers, which have seen heavy falls in share prices this year, are likely to come in at or above the high-end of cost guidance ranges in their Q3 financials but it’s “only a matter of time” before there’s some relief, Canaccord Genuity Capital Markets said.
“We believe it is only a matter of time for a Fed pause with a potential relief rally in gold and particularly gold equities,” CG said.
Ahead of the start of the earnings season next week, CG forecasts 2022 all-in sustaining costs will rise 11% year on year to US$1,273/oz with an average AISC margin of US$525/oz - which would be down
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