Mining companies are starting to shut down their mines now till the metal prices come back up. They can't afford to mine metals that cost more to get out of the ground and process than they can sell it for on the market.
Mining companies are starting to shut down their mines now till the metal prices come back up. They can't afford to mine metals that cost more to get out of the ground and process than they can sell it for on the market.
Golden Minerals did just a couple of days ago. Their stock immediately nose dived, then started to come back up some. I am happy that I didn't buy any before they announced this, but I sure was thinking about buying.