- Published: Monday, 17 August 2015 14:29
- Written by E&MJ News
Following the recent announcement by the Chinese central bank of a seemingly underwhelming 57% increase in gold reserves, the gold price plunged to below $1,100/oz amid a broader commodities sell-off. Data from Wood Mackenzie suggest these price levels put approximately 10% of gold miners in loss-making territory. However, this price drop only exacerbates a trend, which gold miners have been tackling for some time, as highlighted by Wood Mackenzie in a new analysis of gold and copper miners.