Pacific Rim Mining V.PFG Message Board

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Gold/Mining/Energy : Pacific Rim Mining V.PFG

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To: DeplorableIrredeemableRedneck who wrote (14167)	2/27/2001 11:35:18 AM
From: DeplorableIrredeemableRedneck	Read Replies (2) of 14627

HEY CATHERINE LISTEN UP!! Stockwatch The Province Tony Wanless The Province Goldcorp Inc. TSE (G) Close: $10.40 Change: +$0.45 Who ever heard of a gold company initiating a dividend program? Certainly not in these long recent years of despair among loyal but long-suffering gold investors. Well, gold stocks have been on an upswing recently, not because the metal's price has been climbing -- gold prices are still near 20-year lows -- but because they look better than a lot of those deflating tech stocks. When times are turbulent, investors return to gold: There's something atavistic about it. When a company such as Goldcorp comes in with a powerful earnings report and announces that it's going to start paying a dividend of 10 cents a share, as it did yesterday, the cheers ring out. Goldcorp said better than expected results from its Red Lake Mine, which is one of the highest-grade gold mines in the world, accounted for the dividend, the first new one in anyone's memory.

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