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Gold/Mining/Energy : Agnico-Eagle Mines Ltd. - AGE (U.S. AEM) -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (1057)	7/31/2000 11:10:36 AM
From: Yogizuna	Read Replies (2) \| Respond to of 1612

Roebear, My OEX hourly signal system, which has been very good for trading the market for the past four plus years now, has been blown to "smithereens" last week and today so far by this insane whipsaw market..... I have faith that it will get back on track though as soon as Robert brings in the train cranes to clear the wreckage. <g> Yogi

To: Roebear who wrote (1057)	7/31/2000 3:56:43 PM
From: isopatch	Respond to of 1612

Hi Roebear. And thanks for the welcome. Yogi is right about the old Prodigy Investments BB back in the early 90s. We were both there and it was pretty wild sometimes. I actually still have hard copy of some of those old 1992 posts down in the cellar somewhere. We had some excellent exchanges as well as the usual share of tumult<g>. Must admit, I've been wrong so far about AEM. Really though we'd be seeing more inflation showing up by now in the numbers and that POG would be in a new base around $320. But as Peter Lynch once said, "Not all my ideas work". My scenerio had the big hike in crude working its way through the thousands of daily necessities made from petrochemical feedstocks and into PPI and CPI. My original forecast was between May and Sept. If we don't get rolling pretty soon that forecast is destined to crash and burn. Oh well. Such is life. Best Iso

To: Roebear who wrote (1057)	8/2/2000 8:09:29 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 1612

Our Secret, keep it to your self and buy. Agnico-Eagle Mines (AEM: $6.00) reported a loss of $.06 a share for the June second quarter. Cash flow was a negative $.05 a share. Production was 31,114 ounces at a cash cost of $293.00 an ounce. Operating costs continued to decline from $40.50 a ton in the first quarter to $36.50 a ton. Lower gold grades and lower than budgeted zinc production resulted in higher than expected cash costs per ounce. For the six months the loss was $0.13 a share. Production was 63,614 ounces at a cash cost of $286.00 an ounce. The realized gold price was $288.00. The expansion program is on schedule and on budget. The mill and underground are each expected to reach 5,000 tpd by the 4th quarter. About $51 million remains to be spent on the expansion program. $28 million of that this year, $21 million for 2001 and $6 million for 2002. The move to 5,000 tpd will produce about 110,000 ounces of au at a cash cost of $100 an ounce in the second half of 2000. Once the rate is sustained it will be expanded. Five drills are now active with three conducting exploratory drilling while two are devoted to reserve definition and delineation drilling. An exploration shaft is underway on the 215 level to provide access to drill off reserves to the western edge of the property. This program will take two years to complete. In the 4th quarter the company will begin a major exploration and development program on the 20th level to explore across the El Coco and Spririx properties, immediately east of the LaRonde property. As the expansion nears completion, the company will deliver lower cash costs and better production results putting them on track to produce about 174,000 ounces this year, at a cash cost of $168 an ounce. Production and costs are expected to further improve. Ultimately Agnico-Eagle will likely rival Goldcorp and Meridian as one of the lowest cost intermediate gold producers in No. America. Next year will be a big year for the company and its stock. This is a strong buy. In Addition to the significant increase in gold production expected in the 4th quarter from Agnico-Eagle's LaRonde Mine the Company will begin to produce increasing quantities of silver as a by-product. The LaRonde Mine reserve and resource is estimated to contain approximately 85 million ounces of by-product silver. Silver production of approximately 3 million ounces annually is anticipated beginning in 2002. This silver production along with the production of other by-product metals, zinc and copper, is expected to drive the cost of producing an ounce of gold at LaRonde down to $100. We are not compensated by this company. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Crystallex International Corp. (KRY on T.S.E. and Amex) announced today that it has closed in escrow its acquisition of all of the Venezuelan assets of Bolivar Goldfields. Crystallex immediately assumes full control and operation of the Venezuelan assets. The acquisition includes the Tomi mine, Revemin mill and 44,438 hectares of exploration lands in the El Callao greenstone belt, Venezuela's most prolific gold producing area over the past 150 years. The purchase price, totaling US$20 million, includes a payment of US$5 million, a US$2 million note payable in 90 days, and the assumption of US$13 million in existing long-term debt. Crystallex has the option of converting the 90-day note to Crystallex shares at its discretion. The Company intends to restructure the current existing debt associated with the assets as non-recourse debt. Located in Venezuela's Bolivar State, the Tomi concession as of March 1, 2000, reportedly contained open-pit mineable reserves of 263,000 ounces of gold. The current reserves are located in four pits: McKenzie, Charlie Richards, Milagrito and Fosforito. In addition to the concession's open-pit reserves, drilling conducted by Bolivar Goldfields below the Charlie Richards pit has intersected several high grade intervals including gold values of 6.06 grams per tonne over 65 metres, 17.39 grams per tonne over 21 metres and 11.25 grams per tonne over 28 metres. This suggests a strong potential for underground mining. Previous gold occurrences also indicate excellent exploration potential on other parts of the Tomi concession as well as on the Dividival and Belen concessions. Crystallex's President and Chief Executive Officer, Marc J. Oppenheimer commented, "This acquisition further strengthens Crystallex's long-term commitment to Venezuela and its people. Our many years in Venezuela have provided us with an extensive knowledge of the country's laws, customs, geology and climatic conditions and this is clearly an advantage as we expand our investment plans in Venezuela. We believe it is this unique knowledge that will help us continue our success in the region. We look forward to working with the Government of Venezuela on this and other potential mining projects." "The Tomi mine and Revemin mill have logistical and operational characteristics that are compatible with our plans for developing our other Venezuelan concessions; Albino 1, Carabobo and Santa Elena. For example, ore from the Albino 1 mine may be processed at the Revemin mill, taking advantage of the extra capacity that exists there. gold-eagle.com