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

To: Bobby Yellin who wrote (40405)	9/17/1999 2:53:00 PM
From: Alex	Read Replies (1) \| Respond to of 116759

I agree totally with you Bobby. But there are many more out there yet who are mining their high grade gold now to stay in business as he says - and this is not sustainable. Exploration is cut back and new high grade deposits are not being found quickly enough to replace what is being mined. You have to wonder in whose interest it is to keep the gold industry in this state.

To: Bobby Yellin who wrote (40405)	9/17/1999 3:05:00 PM
From: Alex	Read Replies (6) \| Respond to of 116759

Barrick not focused on div payouts - CEO LONDON, Sept 17 (Reuters) - Canada's Barrick Gold Corp will not focus on dividend returns to shareholders despite its strong cash position, President and Chief Executive Officer Randall Oliphant told a mining conference on Friday. ``It is our current intention to maintain our dividend policy,' Oliphant said in a speech. ``If we cannot do accretive things with our money then of course we will return it to our shareholders but a big dividend yield for shareholders is not our intention,' Oliphant said. Barrick Gold announced a 10 cents per share dividend for the latest half-year and had a net cash position of $565 million as of June 30. The Canadian miner, North America's second largest gold producer, poured 3.2 million troy ounces of gold last year. biz.yahoo.com ********************** Wonder what their plans are for the cash?????