Escalating Costs of Extraction

HAYWOOD MINING TEAM, Haywood Securities
"Many projects in the resource sector are expected to experience material capital cost increases, especially those with estimates that are more than a year out of date. A recent, albeit dramatic example, is Teck Cominico's Galore Creek Mine, where capital costs increased from $2 billion to $5 billion in just a year."(12/10/07)

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