Echo Bay Mines (ECO) AMEX Message Board

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Microcap & Penny Stocks : Echo Bay Mines (ECO) AMEX

ECO 34.61

-2.7%

12:00 AM EST

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To: Aaron K. Dhiman who wrote (11)	3/27/1998 2:04:00 AM
From: Matt Nickels	Read Replies (1) of 52

Aaron the average cost per ounce of gold differs between mines of course. Some of the most profitable producing mines are into $220 per ounce cost. Many mines between $280-$320. The methods used today are much more effective in gold recovery. Some mines need $500 per ounce gold or more to break even. Those closed down a long time ago.

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