Alexco's cash costs were $16.10 per ounce silver.
Posted:
Thu Jul 18, 2013 12:25 pmby reddirtcoins
Since I see a lot of post wondering about cost to mine silver.
http://www.mineweb.com/mineweb/content/ ... &sn=Detail
Re: Alexco's cash costs were $16.10 per ounce silver.
Posted:
Thu Jul 18, 2013 8:44 pmby 68Camaro
Which means they're not willing to mine with prices at $18-20. It's not clear what the $16 includes, but most businesses can't survive as non-profits, because there are actually other expenses of business (including risk), and they usually require anywhere from a minimum of 5% to 15% net profit to justify taking small risks. Large risks require even higher profit margins to justify.
Thanks for the link.