Investors have complained for years that the real cost to produce gold is far higher than the...

Investors have complained for years that the real cost to produce gold is far higher than the "cash costs” reported by gold companies, but Goldcorp (GG) is doing something about it, beginning to report what it calls “all-in" cash costs. For 2013, GG expects by-product cash costs of $525-$575/oz., but on an all-in basis, it anticipates costs of $1,000-$1,100/oz.

From other sites
Comments (5)
  • doc47
    , contributor
    Comments (1835) | Send Message
    Great, now let's hope the marker is smart enough not to punish the stock for doing it!
    9 Jan 2013, 09:58 AM Reply Like
  • Mongoose
    , contributor
    Comments (144) | Send Message
    It is refreshing to have someone not distort the true facts. I'll stick with GG and add to my position if they foolishly think that this is bad news. No guts no glory. This correction isn't quite over but it is very close.
    9 Jan 2013, 10:34 AM Reply Like
  • Bobco23
    , contributor
    Comments (245) | Send Message
    And "all in" is exactly what?
    9 Jan 2013, 02:38 PM Reply Like
  • et1212
    , contributor
    Comments (8) | Send Message
    "Goldcorp anticipates all-in costs of at least US$1,000 an ounce despite being a low-cost producer. If high-cost producers used the all-in measure, some of them would be struggling to report any sort of positive margin at the current gold price of US$1,659."


    I assume this explains the recent weakness of GDX compared to physical gold?
    9 Jan 2013, 03:11 PM Reply Like
  • seakeen
    , contributor
    Comment (1) | Send Message
    Imagine what the other gold producers costs are going to be on this basis... GG is the low cost producer mind you the costs are rising.
    9 Jan 2013, 03:32 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs