jim4silver
Silver Member
- Apr 15, 2008
- 3,662
- 495
There have been news reports of some of the big gold companies and primary silver producers having bad recent quarters due to the lower prices of metals. Many are also laying off workers and some are shuttering projects.
Although I don't personally believe PM prices will drop or stay at this level for too much longer, if prices were to stay here or drop it seems that many large and small gold and primary silver miners could be in trouble?
Fuel and energy costs are relatively high now and should stay at these levels or go up in the next year or two in my opinion.
Will be interesting to see how it plays out.
Second Quarter Writedowns Smash Senior Gold Producers - Kitco
Jim
Although I don't personally believe PM prices will drop or stay at this level for too much longer, if prices were to stay here or drop it seems that many large and small gold and primary silver miners could be in trouble?
Fuel and energy costs are relatively high now and should stay at these levels or go up in the next year or two in my opinion.
Will be interesting to see how it plays out.
Second Quarter Writedowns Smash Senior Gold Producers - Kitco
Jim
