Gold At $1000 An Ounce Means 40% Of Miners Likely To Have Negative FCF

With Gold trading at close to $1,100, a five year low -its anyone's guess as to what is next. But that does not mean gold miners should not worry.

A July 22nd report from Goldman Sachs Equity Research suggests that gold prices are likely to slip closer to $1050 as the sector remains technically and cyclically depressed. Related to this and on a sobering note, GS analyst Andrew Quail and team point out that only 40% of the gold mining firms in their coverage universe have a...

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