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

To: IngotWeTrust who wrote (48607)	2/8/2000 10:52:00 PM
From: C Hudson	Read Replies (2) \| Respond to of 116759

THIS IS THE MOST IMPORTANT THING I'VE HEARD IN A LONG TIME. IT IS A MUST LISTEN!!!!! This man's point is that HYPERINFLATION is on it's way and there is NOTHING that can be done. Greespan has pumped so much liquidity into the system, he has no choice but to keep it going which will lead to HYPERINFLATION. I urge all to listen. You need Real Player. icrn.com

To: IngotWeTrust who wrote (48607)	2/9/2000 2:53:00 AM
From: long-gone	Respond to of 116759

SOURCE: Homestake Mining Company Homestake Reports Record Gold Production and Lower Costs in 1999 SAN FRANCISCO, Feb. 9 /PRNewswire/ -- In 1999, Homestake Mining Company (NYSE: HM, ASX: HSM, Toronto: HCX) recorded: -- Net income of $4.9 million or $0.02 per share, compared to a net loss of $233.8 million or $1.01 per share in 1998. -- Cash flow from operations of $117 million, compared to $115 million in 1998, despite a $22 per ounce reduction in the average realized price for gold. -- Attributable gold and gold equivalent production of 2,390,000 ounces, an all-time record. -- Gold and silver reserves essentially unchanged after a full year of production. -- An average cash cost of $192 per equivalent ounce, the lowest in over 20 years. -- An average total cost of $246 per equivalent ounce, the lowest in over 20 years. (cont) biz.yahoo.com As of December 31, 1999, Homestake's hedge portfolio covered approximately 5% of its proven and probable reserves and contained no exposure to floating gold lease rates. Of the amount hedged, only 3% represented future delivery commitments, with the balance covered by purchased put options. Homestake is not subject to any margin calls and is not exposed to any mark-to-market earnings adjustments with respect to its precious metals hedging contracts. At December 31, 1999, these contracts had a market value of approximately $30 million.