Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

More on the gold miners (GDX): Admitting you have a problem is the first step. Barrick Gold...

  • Wednesday, February 27, 10:49 AM ET
    More on the gold miners (GDX): Admitting you have a problem is the first step. Barrick Gold (ABX) and Goldcorp (G) have begun reporting "all-in sustaining costs" for the first time, with the result averaging $941/oz. from $626 previously. "Miserable capital allocators," writes Liezel Hill, the managements' moves show an effort to focus on margins and costs, rather than boosting output. (previous)
Track new comments on this story

This news story has 4 comments:

  •  
    miners have not fooled investors, addicts can recover when they hit rock bottom. cash incinerating miners have hit rock bottom.
    27 Feb, 10:59 AM Reply Like
  •  
    How low can GDX go? GLD is close to support levels at around 150. If it moves below 150, there could be a bigger plunge.
    27 Feb, 03:03 PM Reply Like
  •  
    sentiment is lowest since depths of 2008-early 2009. i am sure that support will be breached 150, but with such a lopsided trade right now it may not stay below long imo.
    the key for miners is they have finally admitted they need to take corrective action. first step to recovery in miners operational performance.
    27 Feb, 03:15 PM Reply Like
  •  
    Overreaching is expensive.
    1 Mar, 02:44 PM Reply Like
LATEST|
TODAY SO FAR|
YESTERDAY
Other date
DJIA (DIA) S&P 500 (SPY)
Latest Commodities Articles
More Latest Articles »