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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Ken Benes who wrote (56505)	7/19/2000 5:39:43 PM
From: Enigma	Respond to of 116861

No the bottom line is profitability - if you look hard enough you'll see that some companies produce gold efficiently enough to make a profit. Some would call that brilliant. Others would say that the executives who run these companies are merely doing their jobs skillfully. You make sweeping statemnts - lumping all producers in the same basket. I don't know what the equilibrium price for gold is - but there will be producers who will survive this through volume of production and cost cutting. Some companies like Agnico have deposits which will allow them to hi-grade if the price falls.