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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (7708)9/7/1999 3:43:00 PM
From: goldsheet  Read Replies (1) of 81239
 
OUNCES (000s) LAST 12 PREV 12 CHANGE PERCENT
--------------- ----- ----- ----- -----
Barrick Gold 3748 3128 620 19.8%
Rio Tinto plc 3204 2284 920 40.3%
Freeport C&G 2844 2065 779 37.7%
--------------- ----- ----- ----- -----
9796 7477 2319 31.0%

I did not comment on the data that I put together,
but I just noticed that three firms have added over
2 million ounces of supply to primary mine production.
Now we all know that Barrick was heading toward the 4
million ounce per year level, but did anyone know that
two copper firms are heading toward 3 million ounces
of gold production ? Lots of smaller miners are going
to have to cut production to make up for the above.
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