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Gold/Mining/Energy : Gold Price Monitor
GDXJ 106.70-0.3%Dec 5 4:00 PM EST

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To: E. Charters who wrote (81994)2/13/2002 5:32:04 PM
From: goldsheet  Read Replies (1) of 116796
 
I mentioned Yanacocha expansion as a stop gap measure to compensate for many small mine closures. Still an extra 600,000 ounces from an expansion is about what Cambior (15th largest producer at 615,000) or Goldcorp (16th at 607,000) produces. In a still highly fragmented gold industry, the expansion alone is like adding a decent size gold mining firm.

The real long-term increases should be in Mali, Tanazania, and Argentina that produced about 60mt combined last year and should be good for 170mt+ by 2010. An extra 110mt might be more noticeable.
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