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Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

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To: russwinter who wrote (48171)	2/6/2000 8:55:00 AM
From: Enigma	Read Replies (2) of 116764

Much has changed with the large open pit mines using the leaching process. With underground mines - eg. Campbell Red Lake - there were rich stopes which could be used for grade control. With a large open pit operation - you mine what you have and the grade is usually uniform. Remember that Barrick has already mothballed several higher cost operations. The large miners are looking of mines where the cash cost can be under $100/oz.

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