Globe editors have posted this research report with permission of Dundee Capital Markets. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following is excerpted from the report:
In 4Q15, we forecast companies under coverage will report a 3-per-cent decrease in production QoQ and 2-per-cent decrease in total cash costs QoQ. Weaker QoQ production is largely explained by major producers Barrick and Kinross.
In 2016, we forecast equity gold production will decrease by 1 per cent and total cash costs will decrease by 7 per cent.
We estimate 2016 fully loaded costs for producers under coverage of $1,022/oz (U.S.), a $35/oz decrease from 2015.
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