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SLV - Golden Star Misses Osisko Strikes Again Plus Examining Silver's Sentiment Trend
iShares Silver Trust
While Newmont Goldcorp (NEM) saw a slight miss on earnings reported last week, and McEwen Mining (MUX) also came in light, Golden Star Resources (GSS) takes the cake for the biggest earnings bungle in the sector. The company's Wassa mine saw materially lower grades for the quarter, and the trend in grades at Wassa has dropped nearly 20% since the most recent quarter. This led to the company revising all-in sustaining costs 25% higher, which will translate to a sharp reduction in margins. Golden Star is down more than