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

To: long-gone who wrote (56614)	7/21/2000 8:09:54 AM
From: lorne	Read Replies (1) \| Respond to of 116764

SWISS GOLD: SNB reserves down 111.2 mln Sfr to 38.180 bln Sfr Zurich--July 21--The Swiss National Bank disposed of 111.2 million Swiss francs' worth of its gold reserves between July 11-20, it announced Friday. This is equivalent to just over seven tonnes, in line with analysts' expectations that the SNB would dispose of about one tonne daily until end-September, when new quotas take effect. The SNB appears on target to achieve its goal of selling 120 tonnes total by end-September. (Story .12239) FULL: Placer Dome miner first-half loss US$33 mln Toronto--Jul 20--Canadian mining giant Placer Dome reported a first half loss of US$33 million, or 10c per share, compared with net earnings of $11 million, or 3c, for the same period in 1999. Excluding unusual items, such as the $116 million writedown of Las Cristinas, consolidated net e arnings for the first half of 2000 totalled $86 million, compared with $41 million in the year-earlier period. (Story .25034) Barrick confident gold prices will rise Toronto--July 20--Canada's Barrick Gold Corp. remains "very optimistic" about future gold prices, due to the fact that demand for the precious metal continues to outstrip supply, president and CEO Randall Oliphant said at Thursday's second-quarter conference call. (Story .19982) crbindex.com