$3,000 Gold = Gold Miner Acquisition Binge

And copper miners too

Gold hit $3,000/oz last week.

I’ve been waiting a long time to write that sentence!

Now get ready for a torrent of gold miner cash flow to ignite a takeover boom. Mining analyst Marin Katusa just posted some thoughts on what this means. Here’s an excerpt:

Gold Miners, the New Margin Monsters

Most gold mines have costs around $1,200–$1,400 per ounce. At c…