Golden Eagle Int. (MYNG) 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.

Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: CIMA who wrote (4531)	6/7/1998 7:37:00 PM
From: GC	Read Replies (2) of 34075

CIMA --do you recall anywhere it stating what other mineral was found just beside the gold , if there was silver ,etc. Theres alot of gold company's that offset the price per oz. of production,selling the other mineral at the same time of mining gold. Take Royal Oak for ex.there main mine is gold in BC. offset the mining of silver at.90 brings there production cost to mine gold at $106.00 per oz. but that is one mine lucky to have a good amount of silver on hand.Royal Oak has put off plans of expanding there gold mines in Timmins and BC. and mining companys are shutting down because the price of gold now.Would be nice if we had an ample supply of silver and that would really bring the price of production down.Alot of mining companys are turning to open pit mining first so they can recoupe all minerals and its the cheapest way to go.They gotta get a P&H 42 CU.YD shovel 1/2 doz 260 ton Euclid trucks bunch of dump trucks to transport the seperated ore to docking load it up in a boat transport it to the Far East for smelting and refining.Now everybodys whats the Far East got to do with this ,those are the kind of question GE are asking themselves now that they say they got gold.How are we going to handle this now , do we try to do it alone the cheapest way or JV.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next