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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Winzer who wrote (39336)	8/20/1999 5:52:00 PM
From: Enigma	Read Replies (1) \| Respond to of 116806

Winzer - with respect - absolute nonsense!

To: Winzer who wrote (39336)	8/20/1999 9:20:00 PM
From: goldsnow	Respond to of 116806

"We will see more mergers, hostile and friendly, in the Canadian and Australian mining industry. This is only the start," said Simon Hunt, of consultants Simon Hunt Strategic Services. news.bbc.co.uk

To: Winzer who wrote (39336)	8/20/1999 9:40:00 PM
From: goldsnow	Read Replies (1) \| Respond to of 116806

(LOL)! ABX may have become an outcast in the world of mining. >>> More LOL :) Denver, Aug. 20 (Bloomberg) -- Newmont Mining Corp., the world's second-largest gold producer, said it acquired put-option contracts giving it the right to sell 2.85 million ounces of gold at $270 an ounce. The contracts cover a two-year period between August 1999 and July 2001, the company said in its quarterly filing with the Securities and Exchange Commission. Newmont produced 4.07 million ounces of gold in 1998. Denver-based Newmont said last month that it would hedge its production for the first time in seven years. Gold, which has fallen 11 percent this year, is still trading near 20-year lows. ''Newmont will continue to evaluate transactions that mitigate downside price exposure while preserving the ability to participate in rising commodity price markets for its gold and copper production,'' the company said. Barrick Gold Corp., the world's fourth-largest gold producer and the biggest user of hedging, has contracts to sell 13.3 million ounces of gold through 2001 at a minimum of $385 an ounce. The Toronto-based company expects to produce 3.6 million ounces of gold this year. Newmont shares fell 1/16 to 20 3/16 today. Gold for delivery in December fell $1.60 to $259.60 in New York. NYSE/AMEX delayed 20 min. NASDAQ delayed 15 min. Access More Information and Services Above ©1999 Bloomberg L.P. All rights reserved. Terms of Service, Privacy Policy and Trademarks.