Annually, PwC surveys gold mining companies from around the world. This year, executives from a cross-section of senior, mid-tier and junior gold mining companies were contacted which represented 35 million ounces of gold mined in 2012 and 35 million ounces exprected to be mined in 2013.
Gold equities reached their breaking point in 2012, having their stock prices severely punished by disappointed shareholders. In the past few years we've seen gold mining CEOs spend billions of dollars on risky acquisistions and capital intensive development projects in an attempt to appease shareholders pleas for greater exposure to gold during the commodity's steady ascent in price. Many gold companies, however, weren't able to build projects on time or on budget - falling to generate the value shareholders were hoping for. Download the publication for more insights.