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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: goldsheet who wrote (438)12/3/2000 10:12:29 AM
From: russwinter  Read Replies (2) | Respond to of 4051
 
Aussie miner Centaur is in dire trouble (or their counterparties are). 125,000 oz annual producer sold for forward delivery 1.6 million oz at A400-500 (US210-260). Gold is now A525 (US270). Counterparties want their gold and this miner can't deliver. Example of the dilemma Aussies face hedging gold in their own devalued (versus gold) currency. More to come?

Recent mine closures so far: Refugio 220K, Homestake 200K, Andacollo 125K, Joe Mann 90K, Dee 60K.