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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.
Comments (3)
  • Keep up! The miners (GDX, $HUI) have gained 24% in the last 3 months, well above gold's rise. The long period of mining underperformance seems to have come to an end.
    29 Sep 2012, 04:33 AM Reply Like
  • There is even more value at the developmental and exploration level.
    29 Sep 2012, 09:48 AM Reply Like
  • The market manipulators have been trying to play with gold stocks
    most of the year now. Because the long term outlook for gold is so good, the gold market manipulations are just a very bad joke; as very ugly as they are for the time being with gold stock prices being so decidedly down. Bullish gold, at least for the next few years, probably a life time with the demand for economic growth now
    extreme and the planet more than awash in currency; currency being nearly worthless for anyone paying close attention; assuring the high price of gold nearly indefinitely; economic shocks and depressions excepted.
    29 Sep 2012, 12:22 PM Reply Like
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