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

To: long-gone who wrote (47836)	2/3/2000 1:03:00 PM
From: goldsheet	Respond to of 116779

Just reading the GOLD EPS announcment: newswire.ca They only got their cash cost down $3 (223 vs.200), so most of the benefit was from higher realized prices (296 vs. 269) and higher production (990,000 vs. 963,000) This higher production goes with my theory last year that we would set new primary gold production levels in 1999 and 2000 despite lower gold prices. I was right about 1999, which was a new record and GFMS also thinks 2000 will beat 1999. The big are getting bigger, especially when you can reduce total cost by spreading fixed depreciation expenses over more ounces, which reduces total cost per ounce. Newmont plans to push equity ounces from 4.175 to 4.5, and Barrick is on track for over 4.0