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Gold Below $1,100 Threatens Profit at One-Third of Producers

2015-07-25 00:36:41| Footwear - Topix.net

Among 18 gold companies that reported so-called all-in sustaining cash costs in the first quarter, six had costs above $1,100, according to a Bloomberg Intelligence note on Friday. That means the companies are under tremendous pressure to cut costs or shut unprofitable operations, said Kenneth Hoffman, the BI analyst who wrote the note.

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