The Gold Report: Christos, in a recent research report, you referred to “pressure on margins as the chief impediment to increased shareholder value.” Please explain what you mean by that.
Christos Doulis: In the last 10 years, the operating margin for mining companies has not kept up as expected with the price of gold, which has more than quadrupled. Costs are going up at a similar pace to the rise in the gold price.
TGR: If mining input costs keep rising at current rates and precious metals prices can’t keep pace, what’s the ultimate result?
CD: Metals prices are … [visit site to read more]Similar posts: