Canada, home to many of the world’s leading gold miners, Barrick Gold (TSX: ABX), Goldcorp (TSX: G), Kinross (TSX: K), Yamana (TSX: YRI), IAMGold (TSX: IMG) and Agnico Eagle (TSX: AGM), are grappling with both higher costs of gold production as well as the lackluster price of gold. These factors are pushing many into the red. With gold selling at a five-year low, companies are selling off properties and cutting costs in an effort to stay afloat and profitable. For a country that produced more than 113,000 kg of gold in the first three quarters of 2015, will the affected miners able to see and expect to see return to stable ground in 2016? #MergentInc #industryreports #preciousmetals #gold @MergentInc
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