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Gold/Mining/Energy : Gold Price Monitor

GDXJ 128.04

+0.7%

Jan 16 4:00 PM EST

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To: long-gone who wrote (84534)	4/18/2002 3:31:34 PM
From: goldsheet	Read Replies (1) of 116861

> What does this do to your yr. production projections? > 336,600 ounces of gold during the first quarter of 2002 Nothing, I already considered it because at the end of 2001 FCX projected 250,000 ounces of first quarter gold because they planned to go into a lower grade zone. I was suprised they reported such as high number, actually. They plan on 2.3moz for 2002 (which means a more normal amount of about 650,000 for this next three quarters) Also, compare it to 2.6moz for 2001 and 1.9moz for 1999. It fluctutates with copper mining, as expected. > Bobby Godsell was speaking: World gold production is likely to remain flat or decline over the next decade I read the article and focused more on the word "flat" I don't think he is expecting a 30% decline by 2010 as mentioned later in the same article.

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