With the results for 2013 finally in, the top gold miners average yield fell to the lowest level ever. This is a surprising development considering that the average price of gold dropped to a low of 1,411 in 2013. Normally when the price of gold falls, gold miners switch to higher grades to remain profitable.
However, the top five gold miners’ average yield declined another 5% in 2013. If we look at the chart below, the top five gold miners (Barrick, Newmont, AngloGold, Goldfields* & Goldcorp) average yield fell from 1.26 grams per ton (g/t) in 2012 to 1.20 g/t in 2013.
TOP GOLD MINERS: Yields Fall To The Lowest Levels Ever : SRSrocco Report
However, the top five gold miners’ average yield declined another 5% in 2013. If we look at the chart below, the top five gold miners (Barrick, Newmont, AngloGold, Goldfields* & Goldcorp) average yield fell from 1.26 grams per ton (g/t) in 2012 to 1.20 g/t in 2013.
TOP GOLD MINERS: Yields Fall To The Lowest Levels Ever : SRSrocco Report
