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 101.44

+3.5%

Nov 12 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: goldsheet who wrote (66148)	3/19/2001 10:43:59 AM
From: russwinter	Read Replies (2) of 116756

I understand, that's why you didn't see me post it to you. <g> But, how about this rather significant country risk issue. The Zimbabwe situation IS big news for production as they produce 1% (one BOE auction) of global output. Monday, March 19, 2001 Luxembourg-based Falcon Gold has decided to close all of its Zimbabwe gold mining operations due to the economic collapse in that country, according to Business Report. Falcon operates five mines in Zimbabwe, producing a combined 1.1 tons of gold in 2000. The company closed its first mine 12 days ago, and expects to close the remainder by the end of the month. Falcon has operated in Zimbabwe for more than a century. Zimbabwe is Africa's third largest gold producer, with annual output of 22 tons during 2000, down from 28 tons in 1999.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next