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Gold/Mining/Energy : Gold Price Monitor

GDXJ 108.90

+4.2%

Dec 9 4:00 PM EST

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To: goldsheet who wrote (90847)	10/31/2002 11:57:41 PM
From: goldsheet	Read Replies (1) of 116805

Nothing I like more than a mining company unafraid to increase production, reserves, and earnings, reduce costs, not to mention invest a little capital. - Headline earnings up 16% ($14 million) to $101 million or 91 US cents per share - Total cash costs down 2% to $158 per ounce, despite increased labor costs in South Africa - Gold production 11% higher quarter-on-quarter at 1.6 million ounces - Geita reserve increases by 24% to 4.8 million ounces (attributable), following successful drilling program FULL: biz.yahoo.com AngloGold mulls $620m projects: "AngloGold is assessing the viability of eight expansion projects estimated to cost roughly $620 million (R6.2 billion) adding 16.5 million ounces to the group’s production profile" FULL: mips1.net

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