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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Exsrch who wrote (459)7/22/1999 9:50:00 AM
From: Wade  Respond to of 48092
 
Thanks.

I saw the earning report too. The average hedge is $385.

Sincerely,
Wade



To: Exsrch who wrote (459)7/23/1999 8:21:00 AM
From: Wade  Respond to of 48092
 
I guess this was the reason for the unususal behavior of NEM recently:

biz.yahoo.com

DENVER, July 22 (Reuters) - Newmont Mining Corp. (NYSE:NEM - news), the largest U.S. gold producer, should make more money in the second half of 1999 than in the first half because of higher production and cost savings, President Wayne Murdy said.

Murdy, who was named president on Wednesday, also said with gold prices at 20-year-lows Newmont would probably be considering hedging a portion of its production in order to put a floor under the price.

Sincerely,
Wade