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

To: Enigma who wrote (51405)	4/13/2000 4:39:00 PM
From: Rarebird	Read Replies (1) \| Respond to of 116760

<A smart rise in the POG is almost certain!> On what fundamental basis?

To: Enigma who wrote (51405)	4/13/2000 4:54:00 PM
From: Gord Bolton	Respond to of 116760

ASHANTI ANNOUNCES PRE-TAX LOSS GHANAIAN mining company Ashanti Goldfields, which was brought to the brink of collapse by severe cash-flow problems, announced on Wednesday a pre-tax loss and record gold production. For the year ending December 31, Ashanti said its earnings before exceptional items dropped to $66,1-million dollars from $73,9-million the year earlier. After an exceptional charge of $250-million dollars arising from the collapse of hedging contracts, pre-tax loss for the year was $153,7-million against a profit of $43,1-million the year earlier. Turnover was $582,1-million against $600,3-million. In a statement here, the company said gold production has reached a record amount of 1,56-million ounces. ZA*BUSINESS: Ashanti clinches life-saving loan