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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (3186)	12/20/2000 2:37:36 AM
From: goldsheet	Read Replies (1) \| Respond to of 8010

<<The other two problem sectors of the market are unreported bullion inventories and secondary recovery, by the way>> > Am I correct in the understanding that secondary recovery is from gold mines and they might not report this production correctly? Not sure where you read the above comment or its context. byproducts are reported as: 1) on a gold equivalent method - 100,000 of AU + 1,000,000 AG might just get reported as 120,000 AU equivalent at a 50:1 ratio 2) just as revenues - you will see a dollar amount but not ounces reported 3) as an expense credit (like a negetive expense) - most common in copper mines. You will see all by product revenues used to reduce expenses. Copper may be produced directly at 50 cents per pound, but reported at a lower amount after credits. Freeport reports copper produced at something like 20 cents per pound, when it is due to all the the gold and silver produced. In all three cases, miners may not provide full accurate disclosure of the exact silver production.