Drop in Gold price could be a plus as supply constraints may eventuate as high cost/low grade miners come under increasing financial pressure. This could result in either production being suspended or ceasing in the interim.
Worth noting that Canadian listed Peru ore processor Dynacor is still at around $1.20 despite gold decline..with management noting."the Co's ore processing unit alleviates the risks associated with gold MINING including the the instability of the price of gold"
Seems like a pretty good template.
CGU Price at posting:
3.2¢ Sentiment: Hold Disclosure: Held