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

To: long-gone who wrote (48345)	2/7/2000 1:03:00 PM
From: goldsheet	Read Replies (3) \| Respond to of 116762

> There is also a rather great demand. Supply is only 1/2 of the equation I can only work on one part of the equation at a time. Feel free to compile the demand side, if you have the spare time ;) Have you ever seen my Gold Mine Production page: goldsheet.simplenet.com It hard to believe we have gone from a 40moz gold mining business (70% RSA, underground) to an 80moz worldwide industry (RSA is under 15%, now mostly heap leaching from places no one heard of in 1970 - like there's no gold in Nevada ! )

To: long-gone who wrote (48345)	2/7/2000 1:19:00 PM
From: Alex	Respond to of 116762

<<Agnico-Eagle Mines Limited today confirmed its policy of not selling any of its future gold production forward. Agnico-Eagle has consistently maintained this policy for over two decades and it currently has none of its future gold production sold forward. "We strongly support Jay Taylor and Placer Dome's decision to restrict future hedging activities. This change in hedging strategy is long overdue among active gold hedgers and we urge other gold producers to follow Placer Dome's lead," said Sean Boyd, Agnico-Eagle's President and Chief Executive Officer. "The gold mining industry has been engaged in risky hedging strategies for several years that have contributed to lower gold prices and lower gold share valuations. It is time that gold producers stopped selling gold short and began acting in their shareholders' best interest by restoring the gold option value in their shares," added Mr. Boyd. >> go2net.newsalert.com