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Machinery


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February 25, 2008

Mining for gold more appealing as price skyrockets

  • The cost of mining is high, but with gold prices surpassing $900 per ounce, companies may consider the investment.
  • By JAYSON JACOBY
    Baker City Herald

    BAKER CITY — Kenneth Anderson describes himself as older than the hills, but he figures he'll feel sufficiently spry to go looking for gold when the snow melts this spring.

    “I'm hoping I'll be in good enough shape to get out and dig some,” said Anderson, 81, a retired mining engineer and geologist who has lived in Baker City since 1989.


     
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