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 : Homestake Mining -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (54)	12/30/1997 6:07:00 AM
From: Bill Grant	Read Replies (2) \| Respond to of 415

Richard, The key word there is "if", and I don't know the answer to that. I can't find anything in Homestake's literature that indicates any current interest in mining silver. Since silver usually leads gold, I would agree with you that it would make sense for them to be looking into production. I think the $US is in for a rough year, and that silver and gold are due for a ride up. If so, the Plutonic deal will look better as the year goes on. I am surprised that neither Barrack nor Neumont is considering acquisitions at this time, though that may just be an "official" position while both scramble to find good fits. Bill

To: long-gone who wrote (54)	1/4/1998 11:23:00 AM
From: Bill Grant	Read Replies (1) \| Respond to of 415

Richard, I have to correct what I had replied to you earlier about Homestake not producing any silver. They have been producing some silver at their Eskay Creek mine in British Columbia. Since silver production is lumped in their quarterly reports as "production ounces", I was not able to identify how much silver is being produced and at what cost. The Eskay Creek mine has the lowest cash costs of any of their properties ($162 per ounce vs $243 on average for all properties). Bill