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

To: long-gone who wrote (48840)	2/11/2000 8:34:00 AM
From: lorne	Respond to of 116762

S Africa's W Areas closes out forward sales for next 2 years Johannesburg--Feb 10--South African gold mining company Western Areas said Thursday it has closed out its forward sales of gold for the next 2 years at a cost of 19 million rand. The company said in a statement that forward sales for the remaining 8 years of the company's hedge book total 654,000 ounces, representing 18% of attributable production over the same period and 2% of attributable reserves. (Story .12954) Taiwan Jan gold imports 8.989 tonnes vs 5.308 tonnes in Jan '99 Taipei--Feb 11--Taiwan's gold imports totaled 8.989 tonnes in January, compared with 5.308 tonnes in January 1999, a statement released by the Ministry of Finance Friday indicated. (Story .6016) Inmet hedging 25% of Troilus' gold Toronto--Feb 10--Canada's Inmet Mining Corp. said it is hedging 25% of the gold production at its Troilus mine in Quebec at a price of US $353 an ounce during 2000 and 2001. Inmet plans to sell forward 40,000 ounces of gold from Troilus, which produced 168,400 ounces in 1999 at total cash costs of US $231 per ounce. (Story .17272) crbindex.com