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Gold/Mining/Energy : GSS-Gold Star Resources

GSS 3.900

+0.3%

Jan 27 4:00 PM EST

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To: Richard D who wrote (31)	2/2/2006 7:33:42 AM
From: sammaster	Read Replies (1) of 200

once again they state they did not meet their expectations of cost control and production for the quarter... great potential over the next couple of years but they now admitting that cash costs will remain higher than expected... i was surprised that until this point they were so hopeful of keeping cash costs down in the 250's despite rising costs of oi/equipment/etc that all other gold mines were having... they took a lot of write-offs to this quarter... mine shut down 6 weeks by ghana epa... here's hoping they decided to get all the bad news out this quarter and it will be better from here... full production here on out at higher gold prices and better quality ore...

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