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Gold/Mining/Energy : Gold Price Monitor

GDXJ 127.15

+0.4%

Jan 15 4:00 PM EST

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To: long-gone who wrote (84539)	4/19/2002 2:58:04 PM
From: goldsheet	Read Replies (1) of 116857

Opening new gold mines sure doesn't help the predicted decline in gold production: "The $378 million Ridgeway gold/copper project, located in the Cadia Valley near Orange, was today officially opened by the Premier of New South Wales, The Hon. Mr Bob Carr. The mine is the second developed in the region by Newcrest Mining after the Cadia Hill mine and brings the total investment by the company in the Orange district to around $1 billion in the last decade. The Ridgeway mine which will produce approximately 350,000 ounces of gold and 34,000 tonnes of copper in its first year of operation has a 12 year mine life" REF: newcrest.com.au

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