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

To: Bobby Yellin who wrote (43448)	10/21/1999 8:05:00 AM
From: lorne	Read Replies (5) \| Respond to of 116763

KUWAIT TO DEPOSIT 79 TONNES OF GOLD WITH INTERNATIONAL FIRMS Kuwait--Oct 21--Kuwait's Central Bank announced today that it had decided to deposit 79 tonnes of its gold reserves with "reputable" international finance institutions. Central bank governor Sheikh Salem Abdul-Aziz al-Sabah said the bank would invest its gold through limited-term deposits, without giving up the ownership of the reserves. (Story .13467) GOLD MEET: NEWMONT SEES 2000 GOLD OUTPUT RISING TO 4.5 MLN OZ Denver--Oct 20--Newmont Mining Co. expects its gold production to increase to 4.5 million ounces next year from 4.1 million ounces in 1999, with further improvements in cash costs, said chairman and CEO Ronald Cambre. Cambre is optimistic on the future of gold prices, predicting that after consolidating in a range of $300-320 an ounce in the near term, they will return to historical trading ranges in 1 to 2 years. (Story .24413) S AFRICAN PRESS: ANGLOGOLD IS APPROACHED BY ASHANTI Johannesburg--Oct 21--The battle for Africa's third-largest gold producer--Ashanti Goldfields--has taken yet another unusual turn with Anglogold officially entering the arena, Business Day reports. (Story .11781) GOLD MEET: KINROSS SAYS ONLY 20% OF NEXT 5 YEARS OUTPUT HEDGED Denver--Oct 20--Canada's Kinross Gold Corp. has about 20% of its next 5 years of production hedged and plans to maintain a minimal hedge book in the future, said chairman and CEO Robert Buchan today. "The only thing we are going to do now, and I think you'll see more of this, is we'll deliver into what we have and not replace it in the short term," Buchan said at the Denver Gold Group's Mining Investment Forum here. (Story .10557) crbindex.com