One Year Of Losses Erases Eight Years Of Miner ProfitsMark Melin
Just as the financial crisis was for banks, so too was the recent commodity drop for miners and miner profits.
It has been a tough year for miner profits. While the price of gold has not fallen as fast as it did in 2012, miners have had significant difficulty. Losses from mining operations were so severe in 2015, the eclipsed all profits generated over the past eight years -- but a turnaround could be in store for the miners.