Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

ESL

Rank: President [?]

Points: 3254 [?]

Votes: 93 Score: 4.1 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Citi: "No Gold Company... Will Generate Free Cash Flow At Current Gold Price

in response to

The Hard Numbers on Gold Stocks

bluegold

posted on Jul 07, 2013 09:26PM

Citi: "No Gold Company... Will Generate Free Cash Flow At Current Gold Prices"

Submitted by Tyler Durden on 07/07/2013 20:29 -0400

China

After updating their precious metals' company cost curve, Citi's ominous warning that, "a combination of rising unit costs (15% yoy), sustained high capital budgets and a falling gold price have resulted in a fast contraction in margins - so much that no gold company under our coverage will generate Free Cash Flow at spot gold."

8 Recommendations

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply