Ajohn151

On 16/08/2018 at 04:01, StackerCollector said:

"Those imagining prices can go to sub $10 silver and $800 gold just do not realise what the cost is to produce gold and silver"

 

I'm sure that spot $10.80 for an ounce of silver in 2008 was below the mining costs. If silver drops again to this level, some mining companies will go bankrupt, some will refinance, some will halt their production and/or reduce their production costs.

This might then be a nice opportunity to get some bargain mining stocks, like Kinross, Harmony, Barricks. Anyone else looking to get into mining stocks?

Yup. AG, PAAS and ASM.