Resolute Mining - How Low will it go ?

[Skol]

Worst case scenario-gold goes to $500. What will happen to RSG? Probably shut down.

[Beagle]

Worst case scenario-gold goes to $500. What will happen to RSG? Probably shut down.

One would think if the gold price heads much lower from here they will soon to forced into taking forward cover on the gold price, I understand they're presently unhedged.

$A seems to have started a new downward trend which may be helpful in the medium term.

[Daytr]

I doubt they will be quick to hedge as they paid something like $80M or might have been more to close out their hedge book about 2 years ago. So it would look pretty bad to go & reinstate hedging. If the miners start hedging, I'm with Skol & gold will go a lot lower, if they don't & have discipline then the cost of production will kick in & support gold.