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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (2908)	7/10/2000 2:48:59 PM
From: pater tenebrarum	Read Replies (2) of 436258

global gold output declining: LONDON, July 10 ( Reuters ) - World gold production fell by around two percent to 12.12 million ounces in the first quarter of 2000, while total cash costs were also down two percent at $196.00 an ounce, World Gold Analyst magazine said on Monday. The 50 core gold mining companies monitored by the publication accounted for around 65 percent of world production. With the exception of Australia, major producing countries lowered output with the United States decreasing production by six percent to 2.34 million ounces, Canadian production down one percent at 2.78 million ounces and South Africa two percent lower at 3.60 million ounces. Australian production remained unchanged compared with the same period a year earlier, coming in at 2.18 million ounces. Canadian companies remained the lowest cost producers with average total cash costs of $160.00/oz. South African total cash costs increased by around one percent to $228.00/oz, while Australian miners' total cash costs dropped by five percent to $203.00/oz. U.S. total cash costs were also down five percent, at $183.00/oz.

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