Gold ends the quarter with an 11% gain, but miners faced with labor unrest, rising labor costs...
Gold ends the quarter with an 11% gain, but miners faced with labor unrest, rising labor costs and lower grades of ore haven't been sharing in the wealth. Only Yamana Gold (AUY), +29.8% YTD, has topped the metal's gain; ABX -8.3%, NEM -6.7%, KGC -10.6%. If costs continue to rise, companies may be forced to curtail production at marginal mines, which would send shares prices even lower.
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