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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Enigma who wrote (48531)	2/8/2000 12:22:00 PM
From: goldsheet	Read Replies (3) of 116762

> The big are getting bigger - very much bigger. Last time I did an analysis, the Top 10 miners accounted for about 35% of world production, it looks like 40% now. The industry continues to slowly consolidate. Harmony should produce 2.2moz in 2000 and move into the list. Company Production Percent Total ------------------------------------------------------ Anglogold 6900 8.4% Newmont Mining 4175 5.1% 13.5% Gold Fields Limited 4000 4.9% 18.4% Barrick Gold 3660 4.5% 22.8% Placer Dome 3150 3.8% 26.7% Rio Tinto plc 3105 3.8% 30.5% Homestake 2518 3.1% 33.5% Freeport C&G 2440 3.0% 36.5% Normandy Mining 1745 2.1% 38.7% Ashanti 1562 1.9% 40.6% ------------------------------------------------------ 82000 One thing I always point out is two of the top ten gold producers are copper companies. Freeport does not even consider gold as revenue, they credit it to copper costs as a negative expense, then report copper production costs at about 11 cents per pound. 5.5 million ounces from folks who are getting gold out of their way to get at the copper ;

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