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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold and silver producers shaken by price plunge

Posted on 21 June 2013

Fear and panic are settling in once again for Canadian gold and silver miners. Thursday’s plunge in precious metals prices brings them down to dangerous levels for mining companies. Many miners are already working on razor-thin margins, and if prices do not recover soon, they will be forced to make very difficult decisions about their businesses. Those include massive production cuts, layoffs and outright mine closures.
Many gold miners have slashed capital spending, but they have avoided dramatic overhauls of their businesses so far. However, that is already starting to change………………………………………..Full Article: Source

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VRS - who has written 37241 posts on Opalesque Commodities Briefing.


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