The beaten up golds
Morgans Financial Limited
Morgans Financial Limited
The beaten up golds. Time for a rebound? The gold producers have just finished their September quarterly reports. The results suggest that cost-out initiatives are seeing a pull back in mining costs, but on the flip side all-in-sustaining costs realistically haven't changed for 18 months as orebodies mature and the need to re-invest capital to access more remote orebodies increases, adding significantly to the all-in-cost of production. The Australian dollar gold price pulled back by less than 8% over the last month, but equities have dropped by 30-50%, so we think at some stage investor sentiment has to catch up with reality. Our preference remains with the larger mid-tier producers including Regis Resources (RRL), Evolution Mining (EVN) and Saracen Mineral Holdings (SAR). More detail here: (VIEW LINK)
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Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.
Morgans Financial Limited
Stockbroker
Morgans Financial Limited
Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.
Morgans Financial Limited
Stockbroker
Morgans Financial Limited
Morgans is Australia's largest national full-service retail stockbroking and wealth management network with over 240,000 client accounts, 500 authorised representatives and 950 employees operating from offices in all states and territories.
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