Message: Mexico: 69 Mining Projects Have Been Suspended This Year !!
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Worth repeating, As I mentioned in one of my previous posts, Silverado Gold Mines production could be around $500/ton which would allow the company to mine at a profit, while the average production cost for the majors $1,100/ton. $900oz Gold will probably force the majors to mothball some of their projects while selling off the low grade projects in order to survive. With world wide high demand for physical gold soaring, Silverado Gold Mines could be among the few with a sign on the front door "Open for Buisness" selling the flavor of the day, high grade "Gold-Antimony" All the company needs to do is find the right financing to put the Nolan Creek project into production, and the world will beat a path to their front door!! GRIM REAPER's "DD" Work http://agoracom.com/ir/Silverado/forums/discussion/topics/579172-silverado-est-production-cost-500-vs-1-100-for-major-mining-companies/messages/1818780#message
Mining projects shelved in Mexico up 40%, $8bn at risk
A total of 69 mining projects have been suspended so far this year in Mexico, 40% more than a year ago, due to falling commodity prices and increased local opposition.
According to El Financiero (in Spanish), an additional $8 billion in exploration and production investment expected for this year is at risk, as global conditions have failed to improve.
http://www.mining.com/mining-projects-shelved-in-mexico-up-40-8bn-at-risk-75460/
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