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Politics : Gold and Silver Stocks and Related Commentary

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To: orkrious who wrote (989)	12/18/2004 1:02:39 PM
From: Andrew	Read Replies (1) of 18308

I like AEM here, they seem to be running on all cylinders now. They also recieve good credits from Zinc and copper. From their recent news release. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Gold and byproduct metal production to be essentially unchanged in 2005 A summary of the estimated metal production and cash operating costs together with the material assumptions used in the company's estimates for 2005 follows. Ore processed: 2,911,000 tons Daily throughput rate: 7,975 tons Grades Gold: 0.11 ounce per ton Silver: 2.28 ounces per ton Zinc: 3.89 per cent Copper: 0.44 per cent Payable metal production Gold: 280,000 ounces Silver: 5.5 million ounces Zinc: 1.6 million pounds Copper: 18 million pounds Mine site operating costs: $48 to $50 (Canadian) per ton Total cash operating costs $135 to $145 per ounce Assumptions Gold: $375 per ounce Silver: $6.00 per ounce Zinc: 45 cents per pound Copper: $1.15 per pound Canadian/United States dollar exchange rate: 1.27 LaRonde's total cash operating cost guidance is based on byproduct metal price assumptions that are well below prices realized to date in 2004. If current metal prices and exchange rates were used, total cash operating costs would be in the range of $100 per ounce.

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