Rob Haworth, senior investment strategist at U.S. Bank Wealth Management said average mining costs are closer to $1,000 as an ounce, but prices will fall to key levels with “little aparent uptick in physical demand,” production will likely need to be shut down.
Rob Haworth, senior investment strategist at U.S. Bank Wealth Management, said average mining costs are closer to $1,000 an ounce, but as prices fall below key levels with “little apparent uptick in physical demand,” production will likely need to be shut down.