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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: ItsAllCyclical who wrote (93623)8/13/2001 11:09:33 AM
From: Tommaso  Read Replies (3) of 95453
 
The article (which someone else quoted) just said $180. I have never heard of "finding" costs for gold the way that you always hear of "finding costs" for oil or gas in the ground. It seems to me that the annual reports I used to get from Agnico Eagle and Barrick would quote costs that were not that low, but a range of $200-250 depending on the mine.
In any case, in real terms, gold seems to get cheaper and cheaper to produce, when a company just shears off the top of a mountain and lays the contents on enormous pads, and sprinkles cyanide solution over it with something like lawn sprinklers.

Have you ever visited a gold mine?
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