Kingsrose Mining

Gold miners of all size and situation have been punished as the price of the yellow metal falls. Kingsrose Mining is no exception; its share price has been hammered 38% since Has the gold bubble burst? on 24 Apr 13 (Speculative Buy - $0.45). A mine closure following a fatality, rather than lower gold prices, has been the key problem. As one of the lowest cost gold producers on the ASX, Kingsrose should remain profitable even if the gold price fell 50%. Provided it's allowed to mine, that is. Following the death of a contractor at its Talang Santo...

Gold miners of all size and situation have been punished as the price of the yellow metal falls. Kingsrose Mining is no exception; its share price has been hammered 38% since Has the gold bubble burst? on 24 Apr 13 (Speculative Buy - $0.45). A mine closure following a fatality, rather than lower gold prices, has been the key problem. As one of the lowest cost gold producers on the ASX, Kingsrose should remain profitable even if the gold price fell 50%. Provided it's allowed to mine, that is.

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