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Gold/Mining/Energy : Silver prices

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To: Claude Cormier who wrote (645)2/6/1998 2:53:00 PM
From: Casey  Read Replies (1) of 8010
 
Claude:

<<Some miners have mining costs below $3 (FSR..)...others can't still bring some deposits to production because they need $7-$8 minimum to be profitable. On average, I'd say that most are now becoming profitable, the average cost being probably in the $4.50-$6. >>

Fwiw, the following news release from PAA indicates they have a cost of production at Quiruvilca of $3.47 per oz.

exchange2000.com
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