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Old 08-10-2012, 02:17 PM   #1
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Mining costs changes

I was reading an article about a few silver mining companies here:

First, the companies are seeing less ounces per ton of earth (which I have seen for most every mining company).
Second, their production costs (fuel price driven?) are increasing dramatically.

If silver stays range bound for even a year or two, what are these mining companies going to do?

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Old 08-10-2012, 04:29 PM   #2
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Their best strategy is to minimise production or mothball and wait ............

we only have to do the latter, cos ours is already mined (-:
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Old 08-11-2012, 08:51 AM   #3
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Old 08-11-2012, 09:47 AM   #4
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If silver stays rangebound over time due to suppression by paper, and mining companies can no longer profitably mine product, paper and physical will necessarily disconnect. Period.
All things being equal, the simplest answer is quite often the correct answer - Occam
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