in this article adrian ash points out that gold fields reported costs of $869/oz in the last quarter, and to build those mines today would require a gold price of $2,000/oz. yet another result of suppressing the metals prices. strong physical demand and lower mine supply.

with three-quarters of silver production coming as a byproduct, we can expect the same economics. but with a no-cost mine like pirquitas about to come on stream, silver standard can expect to have a competitive advantage over the companies whose mature mines are facing depletion.

http://news.goldseek.com/GoldSeek/12...