The Phaserl


Modest Tailwinds Could Blow Life into Mining Equities in 2015

by Brian Sylvester, The AU Report

The Gold Report: Gold producers have seen their fair share of headwinds in recent years. Is this sector in for more of the same in 2015?

Shane Nagle: I think an important distinction for precious metal equities in 2015 in contrast to previous years is a sustainable improvement in operating costs. We’ve seen deflationary pressure on oil prices and mining contracts so far this year, while previous years were characterized by escalating capital and operating costs compounded by deteriorating commodity prices. Approximately 25% of ongoing costs at mining operations are energy related and we’re looking at a material decline in those input costs for the foreseeable future.

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