A RISKIER BUSI­NESS

Finweek English Edition - - SIMON SAYS -

Pan African has long been the only gold miner I con­sider to be worth i nvest­ing i n, although I don’t ever in­vest in gold min­ers. Re­cent re­sults from Pan show that even for the low­cost pro­duc­ers, t hings are get­ting t i ght. The av­er­age price re­ceived per ounce sold was $1 231, while the av­er­age cash cost per ounce was $996. Now that’s a great cash cost, but it has been slowly edg­ing higher over the

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