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Gold/Mining/Energy : Gold Price Monitor
GDXJ 101.44+3.5%4:00 PM EST
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To: long-gone who wrote (81324)1/31/2002 5:39:42 PM
From: goldsheet  Read Replies (1) of 116756
 
When you adjust AU for the mines they sold, overall production was up in 2001. The key point, however, affecting the macro-economics of the gold market is "Total cash costs down 16% to $178/oz"

Angologold is generating a lot of cash flow:
1) they bought back 3.5moz of hedges
2) intend to deliver all production into hedges into 2002
3) might actually increase production
4) might still be in the mood to buy quality assets.
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