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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: Alex who wrote (51979)	4/27/2000 11:36:00 AM
From: goldsheet	Read Replies (2) of 116759

North American gold production has been down for several years, but world production just keeps going up. Newmont's latest quarterly report is a good example: "We now expect to produce approximately 4.7 million equity ounces of gold in 2000 at a total cash cost of $170 an ounce and a total production cost of $225 an ounce. This represents a 12 percent increase in production from 1999's record of 4.2 million ounces and a 3 percent decline in cash costs." "Overseas operations produced 417,600 equity ounces of gold during the first quarter, up 39 percent from 301,000 ounces in the year earlier period. Total cash costs dropped sharply to $101 per ounce from $130. " ref: biz.yahoo.com

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