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Rampant US dollar has plus side for some miners

The surging value of the US dollar may provide some relief for Toronto-listed miners, with operations outside of the US, from rising costs and a lower gold price, according to mining equity analysts at Canadian investment firm Desjardins Capital Markets.

Rampant US dollar has plus side for some miners Rampant US dollar has plus side for some miners Rampant US dollar has plus side for some miners Rampant US dollar has plus side for some miners Rampant US dollar has plus side for some miners

Some benefits from rampant US dollar

Recent gold and silver price weakness was driven by strength in the US dollar, but for certain mining companies, the impact of local currency weakness has more than offset the impact of lower metals