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Strategies & Market Trends : Ride the Tiger with CD

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To: Claude Cormier who wrote (130844)9/15/2008 12:05:40 PM
From: mimur  Read Replies (1) of 313156
 
par example........Goldcorp suspends Pamour mine ops as prices fall

Goldcorp (G.TO: Quote, Profile, Research, Stock Buzz) has suspended mining at its Pamour open pit in Ontario due to falling gold prices, a spokesman for the gold producer said on Monday.

Production statistics were not immediately available for Pamour, but company spokesman Jeff Wilhoit said the mine was "not material" to the company's overall results. Pamour is part of the company's Porcupine operation at Timmins, Ontario.

"We would certainly revisit operations there at a future date," Wilhoit said, adding that he did not anticipate suspension of other mines at current prices. (Reporting by Cameron French; Editing by Peter Galloway)
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