Ride the Tiger with CD Message Board

STOCKTALK

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.

Strategies & Market Trends : Ride the Tiger with CD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: rubbersoul	9/26/2007 9:29:36 PM
	Read Replies (1) of 313613

From Pescod today: NEWMONT MINING CORP. (US:NEM) $44.68 -3.01 Newmont Mining used to be considered one of the bestrun and most significant gold miners in the world, but over the last few years its image has been tarnished just a bit. Today they’ve got big news out and that news probably isn’t all that “new” to gold bugs who have been following the gold scene for years, but it certainly had an effect on the market today. It was a very brief, three paragraph announcement that said Newmont’s costs have risen from about $375 an ounce to $400 an ounce. No big surprise there as in the mining business, costs for anything from steel to labor to you-name-it is going up. Also, the second part to the little announcement wasn’t a surprise either in that “the gold company said it may have trouble finding new reserves to make up for levels it is mining since its mines are getting older with the bests quality ores already tapped.” Which again, is no surprise and just tells you what’s going on in the mining scene. The easy gold has been found and mined, and now the game is simply getting tougher and more expensive. Newmont Mining Ouch! www.newmont.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next