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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who started this subject1/5/2001 4:00:19 PM
From: flyboy  Read Replies (1) of 436258
 
Picked up some ECO before the close...a recent study by National Bank Financial estimates that the total break-even cost for the North American gold mining industry was $290 (U.S.) an ounce during the third quarter of 2000. The Globe's Allan Robinson writes that National defined break-even as the total production cost plus general, administrative, exploration, taxes and other costs. According to the study, the lowest-cost producer among the major mining companies was Barrick Gold, which had an average cost of $277 an ounce during the third quarter. Among the mid-tier producers, Kinross Gold had the highest average total cost of $357 an ounce because of high depreciation and other costs, according to the report. The lowest-cost producer in the mid-tier category and the only one below $300 an ounce was Echo Bay Mines with a total of $287 an ounce.
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