Gold Price Monitor 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 : Gold Price Monitor

GDXJ 94.04

+0.6%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ahda who wrote (20152)	9/30/1998 7:52:00 PM
From: David R. Schaller	Read Replies (1) of 116764

Darleen, It was widely held that the average cost of production (earlier in the year) was $325, and that half the mines would operate at a loss with gold below that figure. This would be the average cost & not the median production cost...& I've never heard median figures quoted anywhere. What a distribution curve would look like might be very interesting. It is unlikely to be a normal distribution since cold reality & hard economics never allow the more expensive part of the curve to develop. Some sort of skewed pattern is most likely. Just guessing. The way some of the mining companies use credits from other metals to reduce the cost of goods sold would also complicate the issue. To say nothing about the more costly mines that have closed in the past year. If anyone is privy to this info I'm sure many would be interested. Regards, Dave

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next