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

To: Enigma who wrote (53439)	5/31/2000 1:20:00 PM
From: goldsheet	Read Replies (3) \| Respond to of 116779

> The same is happening with gold exploration - budgets are cut back - it's hardly booming - and it will have an effect on new supply in a few years Lots of good projects in the pipeline until about 2003, but I don't see anything significant beyond that. Gold production should remain at current historical high levels (2550mt +/- 50mt) for the next three years, but then I finally see a possibility for a drop. Remember, however, there are lots of marginal reserves readily available, and if gold does go up into the $350+ area in the next three years lots of ore in current projects can be put into production. Miners will be much quicker to put projects into production when prices increase than they have to been to take projects out of production as prices decreased.