Gold miners will have to counter the bearish environment for gold prices by a slew of measures such as management changes, downsizing exploration plans, rationalization of maintenance expense as far as possible, bypass processing of unprofitable lower grades, and resort to asset sales. “The net result is likely to be reduced portfolio size and production expectations, while rationalizing spending improves margins and cash flows on the ozs that are produced,” say Citi analysts Brian Yu and Daniel Knauff in their 4Q Gold Preview of gold miners. The above ‘shrinking to grow margins’ is just one of three themes that Citi…
Gold Miners Won’t Be Burdened With High Expectations In Q4: CITI
HFA Staff
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