jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
Looks like the mining companies are having enough of the recent lower prices.
Barrick lays off workers in Nevada, Utah, Newmont in Colorado | Gold Anti-Trust Action Committee
Golden Minerals Suspends Production Until Gold & Silver Prices Rise to a "Sustainable Cash Margin" | SilverDoctors.com
PS Wow, Platinum is getting whacked. I would imagine the mines over in SA will be laying off as well, which was already in the works because the price of Platinum was too low late last year when it was around $1500-$1600 or so. I guess under $1400 per ounce will not go over well there either. Will have to wait to see what they announce later this summer. I am guessing it won't be well received by the locals.
Jim
Barrick lays off workers in Nevada, Utah, Newmont in Colorado | Gold Anti-Trust Action Committee
Golden Minerals Suspends Production Until Gold & Silver Prices Rise to a "Sustainable Cash Margin" | SilverDoctors.com
PS Wow, Platinum is getting whacked. I would imagine the mines over in SA will be laying off as well, which was already in the works because the price of Platinum was too low late last year when it was around $1500-$1600 or so. I guess under $1400 per ounce will not go over well there either. Will have to wait to see what they announce later this summer. I am guessing it won't be well received by the locals.
Jim
