Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: brian h who wrote (63862)	5/15/2005 1:54:36 AM
From: Snowshoe	Read Replies (1) of 74559

>>"Gold is forever"<< Yes, but miners aren't. The spread between physical gold and reserves in the ground will gradually widen because of higher energy costs for extraction... Newmont Mining Profit Falls, Shares Down Wednesday April 27, 3:55 pm ET NEW YORK (Reuters) - Newmont Mining Corp. (NYSE:NEM - News), the world's largest gold producer, posted an unexpected decline in first-quarter profit on Wednesday due to rising operating costs and lower sales. Newmont's shares were down $2.82, or 7 percent, at $37.43 in mid-afternoon trading on the New York Stock Exchange. The company, which warned in January that sales of precious metals would decline this year, said rising raw material and fuel prices drove up operating costs in the quarter. biz.yahoo.com

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