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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: nickel61 who wrote (2878)	5/18/2002 4:23:33 PM
From: goldsheet	Read Replies (1) \| Respond to of 3558

> First off my friend no MBA in finance thinks cash costs are production costs I never said they were. Mining, being a capital intensive industry, obviously has a big difference between cash cost and total costs. One can, however, keep producting all the way down to the cash cost and maintian positive cash flow (because depreciation is a non-cash expense) This explains why most mining companies continued to produce at near record levels over the last 6 years een without earning s, becasue cash flow was positive.