Volume 56 Issue 2
Improved prices spur optimism at NWMA meeting
, 2004, Vol. 56, No. 2, pp. 13-15
After years of cutbacks, closures and layoffs, the mining industry is beginning to expand again. Metals prices are up and so is investor interest and confidence in the industry.
Gold prices began to slowly move up in January 2003 and finally cracked the $12.86/g ($400/oz) mark in early December. Silver, too, is up, as is copper. So the mining industry is feeling good about itself again and many companies are expanding existing mines and developing new ones.
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