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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Bobby Yellin who wrote (8113)10/8/1999 12:25:00 PM
From: goldsheet  Read Replies (1) of 80976
 
Primary mine production for 1998 was a record 82.1 million ounces, and we should be very close in 1999. Production increases from Barrick, Freeport, and Rio Tinto will cover most if not all the cuts from the much smaller firms.

As for miners that have cash cost under $200 per ounce that covers most of the major firms. A quick sorting and addition on the gold firms my spreadsheets comes up with over 30 million ounces. Copper miners contribute another 10 million ounces which they dump on the market at any price as a by-product credit.

As for companies that have "gone under", it is more perception than reality. I can only think of Dakota, Pegasus, and Royal Oak as companies of any sizeable production that are gone. Their mines are getting picked up by other firms, not going completely out of production.

I put some historical production data together at:
goldsheet.simplenet.com
that might be useful.
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