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mines close when the ore is not producing enough minerals to pay for the expenses of the mine and not making a profit. They reopen if the price of the mineral in the ore goes up enough so that the mine makes a profit. Example: a mine produces $100 of gold per ton back in 1900. But extracting it costs $500 so the mine closes. Now with gold prices today it would be $1900 of gold per ton and an extracting cost of $700. So it reopens.

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