More on the gold miners (GDX): Admitting you have a problem is the first step. Barrick Gold...

|By:, SA News Editor

More on the gold miners (GDX): Admitting you have a problem is the first step. Barrick Gold (ABX) and Goldcorp (G) have begun reporting "all-in sustaining costs" for the first time, with the result averaging $941/oz. from $626 previously. "Miserable capital allocators," writes Liezel Hill, the managements' moves show an effort to focus on margins and costs, rather than boosting output. (previous)