SI
SI
discoversearch

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 : ARP - V Argentina Gold

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gord Bolton who wrote (1103)11/5/1998 9:36:00 AM
From: Enigma  Read Replies (1) of 3282
 
Gord < My guess would be that Barrick would be content to let the gold stay in the ground until such time as either the POG increases significantly or there nearby mine is out of ore in which case they may consider transport of the ARP ore to their mill.>

A decision to mine would be made by ARP - presumably Barrick as junior partner would have to go along or get out. The mines you mentioned were closed or mothballed last year I believe - but the marginal ones must be a benchmark for Barrick when looking at new ones I agree.

I posted some thoughts about (custom) milling at Pascua - I wonder what sort of roads exist in the terrain there - in other words what size of trucks can they accomodate? E
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext