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Gold/Mining/Energy : Gold Price Monitor

GDXJ 121.29

-7.0%

4:00 PM EST

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To: long-gone who wrote (57028)	8/5/2000 7:58:41 PM
From: goldsheet	Read Replies (1) of 116972

> Yes, I read it, but "on track" & "expected" is future They had to slow down production at Betze-Post a little in the first half to accomodate the building of a new roaster which will be used to increase production in the second half. A planned drop should not be used to make a future prediction, so I trust ABX will do 3.7moz as expected/planned. Barrick is also on track to the 5moz level by 2003. "The Company expects to increase production 35% from 3.7 million ounces to 5 million ounces in 2003 at a US$145 cost level. Barrick should generate over US$1.5 billion in free cash flow over the next five years, after building three new mines."

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