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Gold/Mining/Energy : Gold Price Monitor

GDXJ 120.19

-1.4%

4:00 PM EST

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To: Ken Benes who wrote (49644)	2/26/2000 12:07:00 AM
From: Enigma	Read Replies (1) of 116844

"Because of the lack of elasticity in the gold market, it was a given that prices above 300.00 would meet resistance. For this reason , it is untimely to announce any increase in production" Increases in production are coming from Nevada, South America, Africa - as part of comprehensive ongoing exploration programmes in specific areas of interest. Most of the increase in reserves comes from the areas where it is already mining. Are you suggesting that all of this work come to a halt - or are you suggesting that the company somehow suppresses this material fact? You claim to be an ex mining executive - on another occasion to have roamed the gold mines of the world - surely with all of this vast experience you must have some intuition into how vast mining enterprises work? George Cole who surely has no knowledge of Barrick or its personnel tars them as 'bad guys' On what basis? Because they are successful? - the deadly sin of the envious! Make no mistake about it - some mining companies will fail in this environment. Messrs. Cole and Benes will no doubt blame these failures on Barrick - forgetting that incompetence is the real deadly sin in business.

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