I’m not tremendously confident in the below cash cost estimates, but as a general point, in AUD, there’s not an enormous amount of headroom to the gold price given these underlying trajectories.
Numerous downgrades due to labour, electricity, diesel, while price drifts lower, equating to margin squeeze and some very challenged share price performance.
OZL and EVN are the two main culprits today (citing production downgrades and cost escalations) but the whole sector is selling off quite aggressively.
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