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

To: Tunica Albuginea who wrote (42900)	10/13/1999 5:14:00 PM
From: Giraffe	Respond to of 116768

Screaming Sectors Ashanti leads shimmering gold push By Debra McGarry, CBS MarketWatch Last Update: 4:37 PM ET Oct 13, 1999 NEW YORK (CBS.MW) -- Gold stocks pushed higher Wednesday, as investors bid up shares of Ashanti Goldfields in the wake of a takeover offer by Britain's Lonmin. The PHLX Gold & Silver Index ($XAU: news, msgs) advanced 5.2 percent as Ashanti Goldfields (ASL: news, msgs) shares soared 11/16 to 4 13/16. Lonmin has offered to buy the 68 percent of the remaining shares of Ashanti that it doesn't already own. Based on Lonmin's closing price of 570 pence on Friday, the offer represents a value of $7 per Ashanti share. Ashanti's board is weighing the $532 million Lonmin proposal. See full story. Other components in the index also shined: Battle Mountain Gold (BMG: news, msgs) increased 5/16 to 3 1/2; Freeport McMoran Copper & Gold (FCX: news, msgs) added 1 1/8 to 17 15/16 and Newmont Mining (NEM: news, msgs) rose 1 5/16 to 26 15/16.