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Gold/Mining/Energy : Gold Price Monitor

GDXJ 106.75

-0.5%

Dec 3 4:00 PM EST

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To: Ahda who wrote (90672)	10/18/2002 11:24:34 AM
From: long-gone	Read Replies (1) of 116791

Sorry, here it is NEWMONT MINING STEPS UP PACE: Denver-based Newmont Mining Corp., the world's biggest gold producer, said it will spend 16 percent more on exploration next year because of higher gold prices, with about one-third of the exploration budget being used in Australia. The company plans to spend $85 million on exploration in 2003, up from $73 million this year. About two-thirds of the $85 million will be spent in Nevada, South America, Turkey and Ghana. Newmont said it is stepping up its search for reserves after gold surged 13 percent this year. (Bloomberg) denverpost.com

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