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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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The Hard Numbers on Gold Stocks

bluegold

Jul 05, 2013 05:53PM

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Citi: "No Gold Company... Will Generate Free Cash Flow At Current Gold Price

in response to

The Hard Numbers on Gold Stocks

bluegold

posted on Jul 07, 2013 09:26PM

Citi: "No Gold Company... Will Generate Free Cash Flow At Current Gold Prices"

Submitted by Tyler Durden on 07/07/2013 20:29 -0400

China

After updating their precious metals' company cost curve, Citi's ominous warning that, "a combination of rising unit costs (15% yoy), sustained high capital budgets and a falling gold price have resulted in a fast contraction in margins - so much that no gold company under our coverage will generate Free Cash Flow at spot gold."

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