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Old 08-06-2020, 10:24 PM   #2215
lamboguy
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Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,661
in the mining business, when you report the number 300,000 ounces, that is always in gold even if its silver that was mined. they just multiply the amount of silver that it takes to buy an ounce of gold and report the numbers that way.

McEwen basically has an all in cost of $1200 per ounce of gold. some of these proven mines have a 15 year life to them. there is also unexplored property around these mines that could convert into more metals being mined. none of them would be open pit though, meaning that you would have to build more mines to get at the metal. with higher prices its worth it.
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