Gold producers' corporate costs out of control: SGC

GOLD producers are significantly mismanaged from a general and administrative cost perspective and management teams and boards need to immediately explore ways to reduce excessive spending levels that could potentially unlock US$13 billion of value for shareholders, a new report by the Shareholders’ Gold Council shows.

Gold producers' corporate costs out of control: SGC Gold producers' corporate costs out of control: SGC Gold producers' corporate costs out of control: SGC Gold producers' corporate costs out of control: SGC Gold producers' corporate costs out of control: SGC

The Shareholders' Gold Council says gold miners could unlock up to US$13 billion by cutting G&A expenses

Based on an analysis of 47 global primary gold-producing companies and a group of non-gold producers, the report concluded the group of senior gold producers spent nearly twice more than other