Surging Gold Prices Burn a Few Unlucky Mining Firms
November 1999 by Associated PressThe extraordinary rebound in gold prices is claiming some unlikely victims—a few of the gold mining companies themselves.
• Homestake Mining Company
• Cominco American Inc.
• Agnico-Eagle Mines Ltd.
- Prospector banned from college campus
- Early retirement...
How can a miner or prospector take advantage of these speedy financing options while avoiding the risks associated with borrowing from so-called “shadow banks?”
Products from the mining industry contribute to winter safety and comfort for Nevada residents.
“But first and foremost you have to have the geology. With respect to the geology, the Goodnews Bay placers, which actually were won from the Salmon River drainage and its tributaries, produced on the order of 650,000 ounces,” Foley says.
Higher gold prices helped boost Nevada’s mining industry in 2003 despite a decline in production for the third straight year.
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