Wednesday, April 24, 2013

Gold mining becomes unprofitable


From smh.com.au

Newcrest Mining is reviewing the future of some of its mines, as the recent plunge in the gold price continues to take a toll on the nation's fourth-biggest mineral export industry.

Newcrest was one of several ASX-listed goldminers to reveal March-quarter results on Tuesday, and the publication of production costs revealed that numerous mines across Australasia are unprofitable at current gold prices.

Read more: http://www.smh.com.au/business/newcrest-weighs-up-future-of-mines-20130423-2icva.html#ixzz2RKCUaQzB

No comments:

Post a Comment