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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?


To: russet who wrote (2093)9/22/2000 5:56:11 PM
From: nickel61  Read Replies (1) | Respond to of 3558
 
Obviously you and Bob Johnson are capable of understanding what I have already said in which case you should need no more explanations. Best wishes and good luck with your future investments.



To: russet who wrote (2093)9/22/2000 8:19:41 PM
From: goldsheet  Read Replies (1) | Respond to of 3558
 
> They have doubled their reserves and production over the last few years

1993 1994 1995 1996 1997 1998 1999
-----------------------------------------------------
Production 1.63 2.33 3.14 3.15 3.05 3.21 3.66
Reserves 28.44 37.59 36.54 51.12 50.32 51.46 59.28
----------------------------------------------------

Neither have doubled in 5 years.

> they will double production and reserves again in the next few years

Not unless they make a big acquisition.
ABX and NEM both appear to be targeting the 5
million ounce level by the end of 2003. (up 35%)
Reserves should move up in the the 70-80 area (up 20-25%)