Great Times Coming For Gold Mining Stocks
The most expensive place in the world to mine gold is in South Africa. There, all-in gold production costs can be more than twice as much as in Peru, which is the least expensive place to mine gold. According to the Thomson Reuters GFMS Gold Mine Economics Service, average all-in costs for South Africa were over 1,400 between 2005 and 2013.The company is also positive for Mexico's largest mineral sector, precious metals, but slightly less bullish for gold. Aside from rising commodity prices, Mexico's project and competitive operating costs will drive growth, says Molly Shutt, a commodities analyst at BMI Research.