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


To: Jim McMannis who wrote (10622)4/25/1998 8:16:00 PM
From: Enigma  Read Replies (2) | Respond to of 116768
 
Gold mines/silver. Yes, nearly every gold mine produces some silver with the gold - in fact Peter Munk is on record as saying that Barrick has the largest 'silver reserves' of any company. When the gold is sent to the mint for refining to .9999 pure (or whatever standard is used) the mint refines the silver seperately from the gold and gives the gold miner a 'silver credit' along with the money for the sale of the gold.