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Gold/Mining/Energy : Gold Price Monitor

GDXJ 134.74

-0.9%

Jan 21 4:00 PM EST

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To: Alex who wrote (94990)	5/15/2003 12:08:35 PM
From: IngotWeTrust	Read Replies (1) of 116898

Heard, out and about: 5/15/03: RE: Randgold <font color=siena>"Randgold Resources reported its quarterly results yesterday, and announced attributable production of 95,398 ounces (three tonnes) at a cash operating cost of</font><font color=firebrick> *$65/ounce</font><font color=siena> at its Morila joint venture in Mali. This was lower than in the December quarter, but in line with expectations as the operation was working a high-grade area in the last quarter of last year.</font></font> <font color=black>Darn, now their $65/oz cash op cost is the first really close competition to <font color=crimson>MY under $20/oz TOTAL cost* </font> for gold discovery and recovery...mine's above ground and theirs is below. CONGRATS Randgold!!! There's plenty of gold to be found in Mali, NO question!</font>

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