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Gold/Mining/Energy : Gold Price Monitor
GDXJ 128.56+6.1%Feb 6 4:00 PM EST
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To: long-gone who wrote (67825)4/18/2001 5:43:31 PM
From: goldsheet  Read Replies (2) of 116972
 
> Harmony cutting down production by 300000

Freeport McMoRan Copper and Gold just replaced 130% of all the production Harmony will cut for the entire year in only their first quarter. At current production grades and rates, Freeport might hit 4 millions ounces. All that gold and silver just keeps getting in the way of their copper production, so they have to dump it as fast a possible. The precious metal credits got copper production cost down to 3 (THREE) cents per pound !!!!!!

Gold Production - 946,000 vs. 557,000
Silver Production - 1,207,600 vs. 831,800
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