Gold momentum to test miners' discipline

HIGHER gold spot prices present an “interesting conundrum” for miners looking to expand their reserve base by categorising more gold ounces as economically extractable, says consultancy Wood Mackenzie head of gold Rory Townsend.

Gold momentum to test miners' discipline Gold momentum to test miners' discipline Gold momentum to test miners' discipline Gold momentum to test miners' discipline Gold momentum to test miners' discipline

WoodMac warns gold miners not to hastily adjust reserve models on the back of higher gold spot prices