true badkuk a lot of the mining companies are saddled with debt and arent making money.
but check philex's books... theyr one of the few who were quite profitable last year... they probably made 300 - 400 million... on gold contracts hedged at much lower prices compared to what they are now. those contracts are expired.
so now philex will be selling gold at much higher rates.
this plus their increase in production alone could make the company a lot more profitable this year.
they are running already