Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: jennifersilversun who wrote (2251)	11/24/2005 3:05:45 PM
From: tyc:>	of 78416

You ask "what does 2k for an oz of gold imply for gold stocks?" If the rate of inflation is so high that it causes gold to increase to "2k per oz", what happens to mining costs ? Perhaps the mines still don't make a profit because the price of gold will not have kept pace with mining costs. e.g. River Gold tells us in their last quarterly that since their mine opened ten years ago costs have increased 50%. Gold was C$520 per oz then, and it was C$520 per ounce in the last quarter. (currently about C$575, i believe)

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