SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Alan Whirlwind who wrote (1931)6/27/1999 10:56:00 AM
From: Claude Cormier  Read Replies (1) of 8010
 
Alan,

Average total operating costs are near $260. Average cash costs are now $200. With gold at $260, the higher costs unhedged miners are closing and we will see very few new mines coming on stream. Even project with costs as low as $160 and very small capital costs cannot find financing.

When will the reversal take place is hard to say. Maybe we will have to go below $200 before it happens.

As for silver, we saw the lows in 1993. Silver is in better shape for now, and THC remarks about silver roaring once the cycle turns up make a lot of sense.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News