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Gold/Mining/Energy : Eldorado
ELD 33.19-0.4%Jun 14 5:00 PM EST

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To: KMTMAN who wrote (403)2/8/1999 3:04:00 PM
From: Alex  Read Replies (2) of 527
 
KMTMAN. They produced 183,000 ounces last year of which 108,000 were from their Brazil mine. Correct me if I'm wrong, but with the recent devaluation by Brazil of the Real this should go directly to the cash costs of ELD. We should see a significant lowering of costs in the first quarter IMO. Pay your workers in Real's and sell your product in U.S. $'s.
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