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

To: goldsheet who wrote (60833)11/10/2000 7:43:18 PM
From: goldsheet  Read Replies (1) | Respond to of 116762
 
More gold production: After a dropping down to 500,000 ounces for 1999, Echo Bay appears to be on target to do 700,000 ounces 1n 2000, up 40%.

"Total gold production for the quarter was 184,449 ounces, 44 percent higher than 1999 third quarter production of 127,995 ounces. With increased production during the quarter, consolidated cash operating costs decreased to $197 per ounce from $220 in 1999. Average realized gold prices were lower ($313 per ounce in 2000; $321 per ounce in 1999)"

The second sentence explains why some gold producers keep increasing production. When you can drop costs $23/oz, when revenues only drop $8/oz, your margins go UP $15/oz. Simple math, isn't it ??

REF: biz.yahoo.com



To: goldsheet who wrote (60833)11/10/2000 11:12:18 PM
From: J.E.Currie  Read Replies (1) | Respond to of 116762
 
Bob,
The real question here is if Bush is President and Clinton is convicted of any number of criminal acts, would he pardon him? I think not and that is the serious rub. Clinton needs Gore as President.

je


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