Geordie MarkGold producers certainly needed a break, and now they have two, reports Haywood Securities Mining Analyst Geordie Mark. Much lower energy costs and the strength of the U.S. dollar mean that producers can and do make money at $1,200 per ounce gold. In this interview with The Gold Report, Mark touts the virtues of three multi-mine producers that have exploited their free cash flow to expand their operations and make prudent acquisitions. And he highlights two near-term producers in Africa that should soon produce good margins and reward shareholders.
Dollar with hard hat
The Gold Report: Gold has traded this year in a range close to $1,200 per ounce ($1,200/oz). Do you expect gold to maintain this range for the rest of the year?