2012 a Challenge for Gold Miners

The Financial Post reported that 2012 was a difficult year for gold miners, despite elevated prices, mostly due to escalating costs for everything from production to labour.

As quoted in the market report:

One significant factor has been the skyrocketing of miners’ costs. The costs of everything from energy to labour to engineering have risen faster than the price of gold. This has crimped the profit margins of the mining companies. In turn, investors have taken an axe to the value of the reserves being uncovered by exploration companies. For the junior companies, this has made it a difficult environment in which to raise capital since a weak equity environment for gold companies’ shares has made investors skittish to invest in these companies.

To view the whole Financial Post report, click here.

Get the Latest Gold Investing Stock Information

Get the latest information about companies associated with Gold Investing delivered directly to your inbox.

Gold Mine Development
Gold Production/Mining
Gold Project Generators
Gold Prospecting and Exploration
Gold Resource Definition/Pre Feasibility
Gold Resource Expansion/Feasibility Study/PEA
Other Companies

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Gold Outlook Report - Late 2017!

Get your FREE Updated Gold Outlook Report. Includes expert commentary, production numbers and gold stocks to keep an eye on.

Click here to get your free report!

Leave a Reply