Seeking Alpha

No one has more to lose in gold's bear market than South African miners, as gold drops to as low...

No one has more to lose in gold's bear market than South African miners, as gold drops to as low as $1,245/oz. and below production and capital spending at Gold Fields (GFI -5.3%), Harmony Gold (HMY -3.9%) and Sibanye Gold (SBGL -9.8%). Labor demands are coming at the wrong time: "There's a vast difference between what labor unions are demanding and what South African mines can afford."
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