{"id":2638,"date":"2013-06-28T12:12:36","date_gmt":"2013-06-28T16:12:36","guid":{"rendered":"http:\/\/www.juniorminingnews.com\/?p=2638"},"modified":"2013-06-28T12:12:36","modified_gmt":"2013-06-28T16:12:36","slug":"gold-mining-not-sustainable-below-1200","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=2638","title":{"rendered":"Gold mining not sustainable below $1,200"},"content":{"rendered":"<p><strong>Bullion Vault<\/strong><\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignright size-full wp-image-1845\" title=\"gold160\" src=\"http:\/\/www.juniorminingnews.com\/wp-content\/uploads\/2013\/04\/gold160.jpg\" alt=\"\" width=\"160\" height=\"133\" \/>Gold miners&#8217; profit margins came under fresh pressure Friday morning as the world-market price bounced from fresh 3-year lows beneath $1200 per ounce.<\/p>\n<p>&#8220;The industry is not sustainable&#8230;where the gold price is at the moment,&#8221; said Nick Holland, CEO of Gold Fields &#8212; the 8th largest gold miner in 2012 &#8212; yesterday.<\/p>\n<p>&#8220;We&#8217;re going to need at least $1500 an ounce to sustain this industry in any reasonable form.&#8221;<\/p>\n<p>Updating its &#8220;buy gold at $1360&#8221; recommendation of two weeks ago, &#8220;We expect gold prices around present levels to be the cyclical lows for gold,&#8221; New York consultancy CPM Group said Thursday.<\/p>\n<p>&#8220;[But] we are expecting another leg down on a short-term basis, most likely in the period from now through August.&#8221;<\/p>\n<p><a href=\"http:\/\/goldnews.bullionvault.com\/gold-price-miners-062820131\" target=\"_blank\"><strong>Continue reading . . .<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The industry is not sustainable&#8230;where the gold price is at the moment,&#8221; said Nick Holland, CEO of Gold Fields &#8212; the 8th largest gold miner in 2012 &#8212; yesterday.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/2638"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2638"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/2638\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}