Gold Miners Are in Deep Schist
If you think gold has been in a nose-dive lately, then you haven’t been watching most of the gold mining industry’s stocks.
4713gldgdx
Click to Enlarge While the SPDR Gold Shares (NYSE:GLD) has lost more than 13% of its value since its early October peak, the Market Vectors Gold Miners ETF (NYSE:GDX) has fallen more than 35% during that same span.
But how can two closely related investment vehicles perform so differently?
Do the Math
Quick quiz: On average, how much did it cost — in total — to dig up an ounce of gold when the metal was priced at its October peak level of $1,803 per ounce?
The answers vary a little, depending on who you ask and the company in question. In an interview about a year ago, AngloGold Ashanti (NYSE:AU) CEO Mark Cutifani said it would be difficult for any miner to produce gold for less than $1,200 per ounce. That’s once all the bills for exploration, mine development, administration and everything else are paid.
Iamgold (NYSE:IAG) paid an “all in” average of $1,162 per ounce in 2011, though its costs were up significantly in 2012, to an average of $1395 per ounce. Thomson Reuters’ Gold Fields Mineral Services division recently reported the average cost to mine an ounce of gold was $1,150 in 2012.
Read More: http://www.stockgoldmarket.com/gold-miners-are-in-deep-schist
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,707,593,750 |
| Stories: | 8,448,136 |
Whistler Blowers, Insiders
