Australia’s weak currency is the key behind the country’s gold mining success, which is seeing new exploration and low debt levels, according to RBC Capital Markets. “The Australia gold mining sector is very healthy; we have strong margins and low to no levels of debt in the sector. There’s plenty of exploration upside, which can deliver some additional discovery and volume growth over the next few years,” RBC Capital Markets director of Global Mining Research Paul Hissey said in the bank’s outlook. The Australian gold mining sector stacks up well due to lower local currency, which allows miners to sell gold in U.S. ... (full story)