CAPITAL MARKETS

Gold increase suggests sector weaknesses

AUSTRALIAN gold miners produced 9% more gold year-on-year over 2013 to 2014 at 9.1 million ounces, but Surbiton Associates said the positive momentum had a negative side.

Justin Niessner
Gold increase suggests sector weaknesses

“Don’t be fooled by the good news of higher gold output,” Surbiton director Sandra Close said.   “While some new operations have opened, other have closed, so the majority of the rise is due an overall...

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