Since December , the gold miners have seen a Newcrest share price rebound in stock prices. One of the factors which may be the decision of the U.S. Federal Reserve to conduct quantitative expansion and no decrease in the purchase of new bonds as hard as originally planned, giving the market a reason to buy gold as a hedge against inflation.
Newcrest share price some of the major miners adjust their production so that they can reduce your cash costs to improve productivity , so their prospects are better in t he short term. The movement of gold. After a low point around U.S. $ 1200 to mid-December , gold slipped to U.S. $ 1318, giving some stability to the gold miners . Many have seen the spot price closer to its all-in maintenance costs. The decline in gold prices drive miners down Newcrest share price and force them to change the production and reduce costs to remain viable.
Production change for results
Gold miner Newcrest share price Mining Limited (ASS: NC) has increased by 58% since the fall to about $ 6.99 per share in mid- December. I had to cut gold production of inferior quality and concentrated in the upper classes to get your all - in reducing the cost of $ 1.003 / oz. Then, the 2014 semi-annual report released last week showed Newcrest share price that gold production has increased by 27 %. The market was happy to see all mines had their all-in lower maintenance costs in the average spot price of $ 1.405 / oz
Other minor
Regis Resources Limited ( ASS: RL) has produced 71,991 ounces at a cash cost of production of $ 744 before royalties during the December quarter , and 73,487 ounces sold at a price of $ 1.493 Delivery / ounce, slightly Newcrest share price higher than $ 1 477 / oz in the previous quarter. It is approximately 17% to $ 3.09 from a January low of $ 2.63. Angola Shanty Limited ( ASS: GAG ) announced last week that he sold his mine in Iambi Navaho U.S. $ 110 million. For the nine months ended September 30, 2013 , the mine produced about 46.000 ounces at a cost of U.S. $ 755/oz Newcrest share price. According to the company , the mine has contributed less than 2% of the total production of mineral resources and ore reserves of the company.
Its share price closed at $ 3.89 , up 56% since the end of December. Lead Ton, The share prices of miners can move in an unusually high percentage when the rise of gold and vice versa can fall faster when gold is falling. Increases we are seeing now are the Newcrest share price lowest external funds. For new investors, may present opportunities, but existing shareholders have seen large loss of capital.
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