Investors zero in on costs again as gold miners set to report Q3 results
from Financial Post
As the senior gold miners begin to report third-quarter results, they find themselves stuck in a frustrating uphill battle. Gold prices have moved steadily lower in the past three years, forcing miners to make deep cuts to operating costs and capital spending. Those moves were necessary to preserve liquidity, especially given that some companies (notably Barrick Gold) have too much debt. The cuts should pay off when the market turns.
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