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Gold/Mining/Energy : Barrick Gold (ABX)
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To: nickel61 who wrote (2751)5/16/2002 2:09:59 PM
From: goldsheet   of 3558
 
<Indeed, Newmont can take a bow for one of the most comprehensive and clear quarterly reports despite coming out of a tumultuous acquisition.>

I was having an awful time figuring their production numbers, since they only included six (6) weeks of Normandy, and reported Newmont only numbers for Q1-01. The figures are not at all comparable, and I wish they would consolidate all historical data. My calculations tell me that Newmont really produced 1.7moz in Q1-02 versus 1.98 in Q1-01, which would correctly reflect drops in production at Nevada ops and Superpit.

<That gave Lassonde the room to continue his aggressive promotion of Newmont as a "non-hedger" >

Claim what he will but it is not true, as 7.3moz clearly shows. (that's a lot of wiggle room)
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