Commonwealth Silver and Gold Mining’s entire business model hinges upon the success of the Commonwealth Mine in Pearce, Arizona; and Hall Stewart is already reporting to our community that the company is “broke” (which can be substantiated by watching their most recent meeting with our community on July 22, 2014). Does the following article represent the beginning of the end for Commonwealth Silver and Gold Mining?
Gold price seen near tipping point for mine cuts, closures
(Reuters) – The price of gold, down more than a third in three years, is approaching the tipping point where the mining industry would see a spike in the number of producers reducing output or even shutting down operations… Read Full Article
The video of their meeting says it all, especially the last 5 minutes of it. These guys were done in before they even began. Will be happy to see them gone.