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Gold/Mining/Energy : Crystallex (KRY) -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (9985)	7/15/1999 10:37:00 PM
From: alan holman	Read Replies (1) \| Respond to of 10836

Placer Dome Inc. announces Las Cristinas gold project suspended (all dollar amounts in U.S. currency) VANCOUVER, July 15 /CNW/ - Placer Dome Inc. announces that Minera Las Cristinas (MINCA) (Placer Dome 70%, Corporacisn Venezolana de Guayana (CVG) 30%) has decided to suspend construction of the Las Cristinas gold mine in Bolivar State, Venezuela, due to changed gold market conditions and lower prices which have created greater uncertainty about the future. The site will be put on care and maintenance, with expenditures minimized consistent with securing the assets and providing for certain social needs in the surrounding communities. The suspension defers capital expenditures of about $500 million and postpones gold production of 530,000 ozs. per year. Placer Dome remains confident in the future of Venezuela and in the project. It is MINCA'S intention to resume construction of the mine when the metal price outlook indicates an appropriate return on the project. The Corporation remains on track with its strategy to build a portfolio of long-term, low-cost gold mines to create value. It is continuing with plans to optimize its recent acquisitions in South Africa and the United States. Year-end proven and probable ore reserves are expected to exceed 60 million ozs. Placer Dome Inc. is one of the world's largest gold mining companies, producing about 3 million ounces (90 tonnes) of gold annually at production costs that are among the lowest in the industry. The Corporation's shares are traded under the symbol PDG on the Toronto, New York, Montreal, Paris, Swiss and Australian stock exchanges. International Depository Receipts for its shares are traded on the Brussels Stock Exchange. CAUTIONARY NOTE Some of the statements contained in this news release are forward-looking statements, such as estimates and statements that describe the Corporation's future plans, objectives or goals, including words to the effect that the Corporation or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to among other things, reserves, resources, results of exploration, capital costs and mine production costs could differ materially from those currently anticipated in such statements by reason of factors such as the productivity of the Corporation's mining properties, changes in general economic conditions and conditions in the financial markets, changes in demand and prices for the minerals the Corporation produces, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in domestic and foreign areas in which the Corporation operates, technological and operational difficulties encountered in connection with the Corporation's mining activities, and labour relations matters and costs. ''Placer Dome'' is used in this news release to collectively mean Placer Dome Inc., its subsidiary companies and its proportionate share of joint ventures. The ''Corporation'' refers to Placer Dome Inc. Complete information on the Placer Dome Group is available on most leading Databases including Stardata (CNW), Dow Jones Telerate, Bloomberg Financial Markets, Infoglobe, Infomart or QL Systems in Canada and Dow Jones News Retrieval, Bloomberg Financial Markets, Standard and Poors, Nexis, Dialog, CompuServe or First Call, in the United States. %SEDAR: 00002304E -30- For further information: In North America: Investor Relations - Earl Dunlop (604) 661-3779, Media Relations - Hugh Leggatt (604) 661-1554; or in South America: Investor and Media Relations - Felipe Ruiz (56) (2) 206-6252; or in Australia: Investor and Media Relations - Ian Williams (02) 9256-3800; or in South Africa: Investor and Media Relations - Patrick Evans (27 11) 453-1400; on the Internet: www.placerdome.com

To: marcos who wrote (9985)	7/17/1999 12:55:00 AM
From: E. Charters	Read Replies (1) \| Respond to of 10836

Now I can tell from the tone you are not Marcos. Still you sound like not a bad guy. But tell me what did you do with the body? Are you another Remendez, killing them and stealing their identities? I see Gold at 160 and no more gold miners. Like Spain we have mined too much of it. I see it as the white man's pre-eminence in Industry and politics is on the wane. His time is gone. Someday they will have dusty library books and fables with tales of men with white skin who ruled the world and wide eyed children will ask "how did they go out in the sun?" And then their parents will tell them about the ozone layer and how its demise finally killed the last of them since they had taken to hiding out in caves in Idaho. "You mean they didn't have scales to protect themselves from the burning like us?" the children will say.. "no", the parents will answer, "and their eyes were just one lens and only two." "No! No!.. they are too strange, you are trying to scare us.." the kids would say.. "we will hide on the ceiling in our pupa cases all day!" MCF is sposed to take a run. All promotion perhaps. And COML maybe. Some have run and some will. Who can tell? Where its business its all fixed I think. EC<:-}