If you came across an advertisement offering gold bullion at $79 per ounce, you would be justified in your skepticism. What continues to vex this Fool, however, is the market's apparent failure to embrace the one gold miner that procures the metal from the ground at such an insanely low cost.
Shares of Yamana Gold
At a time when multiple miners from Kinross Gold
On the strength of huge copper reserves at the Chapada mine, where capacity has just been expanded to process 20 million tonnes of ore per year, Yamana consistently yields the lowest operating costs in the gold mining sector. Expending only $79 to retrieve each ounce from the ground, Yamana logged an incredible gross margin of $792 for each GEO mined in the third quarter. For context, consider that Barrick Gold
Although a near-term pullback for gold is certainly a possibility, I believe that gold remains a coiled spring. I have brought Fools' attention to smaller mid-tier miners like IAMGOLD