is there fundamental change occuring in the Miners going on now?

[murphy_p_t]

as in some miners are going to stop producing since they are becoming unprofitable?

http://www.zerohedge.com/news/2013-06-2 ... -cash-cost

[Ad Orientem]

Yes.

[MediumTex]

Wouldn't that make gold supplies tighter, which could cause the price to begin rising?

Isn't that how supply and demand works?

[smurff]

What do they do when they stop producing?  Do they lay off the producers and pay a small staff, or do they liquidate/merge?

[MediumTex]

What do they do when they stop producing?  Do they lay off the producers and pay a small staff, or do they liquidate/merge?

I would assume that many stop producing when they run out of money and/or credit.  In that case they probably just get what they can for their assets.  I assume that in most cases their equity would be worthless once they ran out of money and couldn't get any more credit.

[Reub]

I sure hope that this doesn't happen to Parker Schnabel (my favorite goldminer).