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The emblem of Canadian Royal Mint is pictured on a gold bar at Deutsche Bundesbank during a news conference in Frankfurt January 16, 2013.
The emblem of Canadian Royal Mint is pictured on a gold bar at Deutsche Bundesbank during a news conference in Frankfurt January 16, 2013.
(Lisi Niesner/Reuters)

SEAN SILCOFF

Hidden costs take the gleam off gold miners’ stocks

Every day ROB Insight delivers exclusive analysis on breaking business news and market-moving events. It is available only to subscribers of Globe Unlimited.

Gold miners are finally acknowledging they’ve put too much of a shine on their numbers in the past. Yamana Gold Inc. and Goldcorp. Inc. both recently said they’ll start disclosing more information about their true costs going forward. Others are expected to follow. The change is long overdue, but stops well short of telling the full story.