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


To: russwinter who wrote (645)3/15/2001 7:42:49 PM
From: Fishfinder  Read Replies (1) | Respond to of 4051
 
Hi Guys
IF I May. If I were a miner with some liquidity. I think I woulD take the painful short term step and stop mining all together. I mean why bother. I believe curtailing supply, and hoping that you will get others to follow suite would be worth a try. If this were to happen I think the POG would smarten up swiftly.

Regards
Scott



To: russwinter who wrote (645)3/28/2001 8:36:43 AM
From: russwinter  Read Replies (2) | Respond to of 4051
 
More followup on the collapse of mining in Zimbabwe, from Global Africa Media:

"One of the oldest gold producers, Falcon Gold has shut down all its operations because it can no longer sustain the losses. Anglo-American-owned Zimbabwe Alloys has suspended production of low-carbon ferrochrome for at least two-months because of low world prices. Gold is the country s second largest foreign currency earner after tobacco.

Falcon managing director Andrew Beattie said the closure of Falcon, which produced 1.1 tonnes of gold last year was the start of closures of all big gold mining groups."