The following are just a few of the many factors that impacts on the profits of South African based gold mining companies / gold mines:

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Exchange Rate Fluctuations - Fluctuations in the USD:ZAR exchange rate have a huge impact on the profit levels of South African based gold companies / gold mines. The reason for this, is because the price gold mining companies / gold mines receive for their gold is quoted in USD.

In other words, SA gold mining companies / gold mines have to consider the USD:ZAR exchange rate, because it has a huge impact on how many Rands they receive for their gold.

In addition to the above, if part of a gold mine's costs are born in another currency besides the USD and ZAR.

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