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Gold/Mining/Energy : Gold Price Monitor
GDXJ 119.96+2.0%Dec 22 4:00 PM EST

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To: pater tenebrarum who wrote (56763)7/27/2000 9:54:38 PM
From: lorne  Read Replies (1) of 116820
 
Newcrest brings Telfer to halt in surprise A$480 million write-down.
2000/07/27 08:52 PM GMT+2
" The move follows a sharp rise in the cost of production at the mine, situated in Western Australia's Great Sandy desert. Total cash costs for the June quarter blew-out to $A559 an ounce ($329) while total production costs came in at a hefty $A712 an ounce ($420)."
full story >>>
m1.mny.co.za
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