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

To: menanna who wrote (13085)	6/13/1998 2:30:00 PM
From: Sam	Respond to of 116797

when the gold price was above 400 $ ,the mines were reporting a cost of aprox. 290-325 $ to mine .now they all have trimmed their costs down to the the 190 - 200 range ,by shutting down loossers and increasing on the good mines ,I am figuring that the profits are around the same now as when gold was above 400$ ,especialy if the wages and costs are in Canadian dollars and the sales in US bucks ,for the mines north of the boarder , So ,every time gold goes down ,the mining stocks zoom down too,,hmmmmmmmm.the mines are becoming more efficient every day ,just my opinion SAM