Gold portfolio update and results 2015

Not every gold miner has taken advantage of growing margins from gold production.

There is a commodities boom underway right now that few are aware of. The US dollar gold price – the one that gets quoted on TV every night – has fallen 10% over the past 12 months to just US$1,100. There is a consensus that gold is being stifled by expectations of higher interest rates and a general commodities rout. That may be true but it is also irrelevant to Australian gold miners and their investors.

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