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Article posted Jun 27 2013, 3:12 AM Category: Economy Source: Vancouver Sun Print

Gold and silver producers shaken by price plunge


Fear and panic are settling in once again for Canadian gold and silver miners.

Thursday’s plunge in precious metals prices brings them down to dangerous levels for mining companies. Many miners are already working on razor-thin margins, and if prices do not recover soon, they will be forced to make very difficult decisions about their businesses. Those include massive production cuts, layoffs and outright mine closures.

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