- Gold Trading | August 17, 2015
I certainly didn’t believe that $1200-per-ounce industry cost level was correct. But I couldn’t prove it right away, as the gold miners hadn’t released their second-quarter operating and financial results yet. But since the great majority finally reported Q2’15 in the last couple weeks, now we can dispel that $1200-cost fallacy. Gold miners have no problem weathering sub-$1200 gold.