Silver prices Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Silver prices

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ForYourEyesOnly who wrote (1930)	6/27/1999 9:09:00 AM
From: Alan Whirlwind	Read Replies (2) of 8010

Hi THC, How many times have you heard about all the low cost mines getting ore at $150 or so? So what's the problem about lower gold prices as far as continued producion a guy is left to think. Someone pointed out an interesting fact about gold (on Kitco?) the other day. While it is true that one can mine gold cheaply in some places, just because it is mineable at $150 or $200 an oz doesn't mean that's all it costs. Exploration and other related expenses actually add another $100 or more an oz to the price mined. So a mine producing at $150 an oz is barely breaking even IF IT WANTS TO KEEP MINING IN THE FUTURE, period. In fact, it might even be running at a loss. --Alan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next