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Can gold miners deliver on cost and cash flow promises?

  • Not surprisingly, a focus on cost controls and cash flow are familiar pledges from the gold miners at this year's Denver Gold Forum (webcasts here).
  • Speaking a couple of hours ago, Agnico-Eagle Mines (AEM -0.4%) laid out plans to cut costs by $50M this year and $200M in 2014, while limiting exploration costs to just $50M. AuRico Gold (AUQ -0.1%) and IAMGOLD (IAG +0.5%) offered similar outlines yesterday, as did Barrick Gold earlier today.
  • The question now, writes Ben Levisohn in Barron's, is whether they can deliver.
  • Gold miner ETFs: GDX, GDXJ, GLDX, PSAU, NUGT, DUST, GGGG, RING.

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