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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Claude Cormier who wrote (3027)	4/24/2002 2:08:23 PM
From: goldsheet	Read Replies (1) of 4051

> But just think that it will not be as easy as you think to maintain reserves and production. The gold mining business is not easy in the best of times, but they sure did very well lowering costs over the past 5 years, and mergers are FINALLY taking place. I am encouraged that KGC/Placer are considering working together in the Timmins area, Teck Cominco / Barrick / Newmont might consolidate Hemlo, and Anglogold/Barrick/Ashanti may do something in Tanzania. > Of course, we agree that higher gold prices can fix that in the long run Agreed, along with lower costs and regional projects. Barrick appears to be going ahead with Veladero based on higher gold prices, but the collapase of the Argentine currency has probably helped take costs down more than gold has gone up. Put a mill at Veladero by 2004, then Pascua economics make sense. Put a road north from Pierina to their new discovery and they will replace every ounce depleted for minimal capital costs and under $100 cash costs. Give me infrastructure in Nunavut, and we have gold, silver, zinc, and diamonds. Give me 3000mt of gold production in 2010 after the price/exploration boom of 2005-2006 ! That's my idea of optimistic ;)

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