Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (39541)	8/24/1999 5:02:00 PM
From: goldsheet	Respond to of 116815

> the likely new production of metals from mines coming on-line in > comparison to mine playing out or closing Primary gold production hit a record last year, and will be very close this year. Mine closing isn't having a major impact, yet. The largest firms are actually increasing production in a effort to get unit cost down in response to lower prices. It spreads those fixed costs over more ounces, hence a lower cost per ounce. Mines like Barrick's Pierina in Peru are ramping from start-up in November 1998 to 835,000 ounces at a cash cost of $45/oz.