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Gold/Mining/Energy : Gold Price Monitor

GDXJ 109.23

+3.7%

Nov 28 4:00 PM EST

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To: Zardoz who wrote (37584)	7/23/1999 12:53:00 PM
From: Hawkmoon	Read Replies (2) of 116779

PS: Maybe some other wish to go read this: #reply-10614534 and make some comments here on why they believe gold should climb? How's this professor??: ""Cash operating costs declined 22% to US$122 per ounce, compared to US$157 per ounce. Total cash costs, including royalties and production taxes, declined to US$131 per ounce for the period ended June 30, 1999, from US$179 per ounce. Notably, the Company's new Pierina Mine contributed 554,469 ounces of gold at a total cash cost of US$38 per ounce during the first half of 1999."" Amazing how modern day technology increases productivity in all sectors, isn't it?? So now gold cost Barrick less to produce, they'll successfully hedged that supply at a far higher price and are sitting VERY pretty. How much productivity and cost efficiencies can they wring out of their operations?? And can their competitors do the same?? Regards, Ron

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