Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

Dec 3 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Machaon who wrote (63527)	2/7/2001 11:56:11 PM
From: goldsheet	Read Replies (1) of 116791

<Could this drop in production be perceived as causing a future shortage of gold, especially if other gold companies also decide to reduce output? > The Newmont drop only appears to be a drop because of the one-time extra fourth quarter production. They will produce 5.4moz in 2001, which is still much higher than the 4.95moz produced back in 1999. Other gold companies are increasing production. Homestake said they would produce 2.3moz in 2001 vs. 2.2 in 2000, and Anglogold plans 7.1 versus 6.9 I continue to track the production numbers and the cuts are few and not significant (yet)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next