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Gold/Mining/Energy : Newmont Mining Becomes Largest Mine In US - Buys Sante Fe

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To: SStam who wrote (17)4/6/1997 4:03:00 PM
From: Roland Kahn   of 65
 
My understanding is that Santa Fe's cost of production/oz of gold is substantially higher than NEM's. Now presumably some of that cost will be eliminated through shared overhead, but I have yet to see anyone project what the cost of production/oz will be for the merged company. I think this is critical if gold keeps heading lower.
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