The growing 90% club and why gold production is going to go to zero - Hinde Capital

``The reason why mining companies are falling by 70-100% in the hundreds now is very simple. In our analysis, it costs over $1750 to mine an ounce of gold if you add in all the costs of running a mining company, not the published cash costs or the all in sustaining costs.  The mining industry can argue till they are blue in the face that their costs are $800 or $1200/ ounce but if you only produce negative cash flow (that's a LOSS to the non-analysts) when gold is below $1750, then it's pretty clear in my books what is happening. This is going to be far worse than the late 1990s I'm afraid... Strangely it might well be the demise of 1000 mining companies over the next year that is the most bullish reason for the survivors.''