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<p>[QUOTE=&quot;desertgem, post: 736655, member: 15199&quot;]I agree with cloudsweeper. </p><p><br /></p><p>article:</p><p>&nbsp;&nbsp;&nbsp; </p><p><br /></p><p>What Barrick is saying is that the oxide layers of gold ore are being used up as they are the easiest and least expensive to remove, and as such are the most profitable as buyers don&#039;t ask how it came about as long as it is correct %gold&nbsp; at the purchase.</p><p><br /></p><p>Any additional gold in a placer mine is very available in the &quot;sulfide&quot; layer , which is usually under the oxide layer, and contains lesser % of gold and thus the profit margin lessens to obtain this gold. Since the price as a commodity is set worldwide, when cost of manufacture goes up, the profit margin goes down. When one buys stock in a gold mining company, the reserves must be looked at as to the amount of oxide layer left compared to the sulfide layer. </p><p><br /></p><p>Jim[/QUOTE]</p><p><br /></p>

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