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

To: Ahda who wrote (20152)	9/30/1998 7:52:00 PM
From: David R. Schaller	Read Replies (1) \| Respond to of 116764

Darleen, It was widely held that the average cost of production (earlier in the year) was $325, and that half the mines would operate at a loss with gold below that figure. This would be the average cost & not the median production cost...& I've never heard median figures quoted anywhere. What a distribution curve would look like might be very interesting. It is unlikely to be a normal distribution since cold reality & hard economics never allow the more expensive part of the curve to develop. Some sort of skewed pattern is most likely. Just guessing. The way some of the mining companies use credits from other metals to reduce the cost of goods sold would also complicate the issue. To say nothing about the more costly mines that have closed in the past year. If anyone is privy to this info I'm sure many would be interested. Regards, Dave

To: Ahda who wrote (20152)	9/30/1998 8:44:00 PM
From: rainman	Read Replies (2) \| Respond to of 116764

Darleen- "I was wondering if you knew what is the "median" production costs of gold as well as the top and bottom 10 percentiles? Do you know where I can find such data?" I too am interested in this info. and in particular those jrs in the US and Canada that have the lowest projected production costs. I see them as having the most value and best chance of a relationship with the SRs. I'm also wondering how many companies have gone out business this year and this looks historically. rainman

To: Ahda who wrote (20152)	9/30/1998 10:07:00 PM
From: long-gone	Respond to of 116764

One of my holding quotes their bottom production cost as $174 from US holdings or (Friday) $172 from Aussie holdings. Another is around 272 average. but these vary every day with exchange rates, most XAU members have holdings outside US. rh