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


To: russwinter who wrote (443)12/3/2000 1:55:25 PM
From: goldsheet  Read Replies (2) | Respond to of 4051
 
> Aussie miner Centaur is in dire trouble

There was an article recently in Barrons that discussed the
interesting methods used by Gutnik to build his mining
fortune. He made lots of money on prevous ventures, and
probably has insulated himself from a Centuar failure -
bankers and shareholders may/will take the fall

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

All too small to have serious impacts, Refugio was already
down to a 180K annual level and Homestake was down to 160K
LEt's call it a 600K total drop, which will all be made up
by the Anglogold/Ashanti Geita mine which went online in
July 2000 at a 600K annual rate.

My quarterly mine production spreadsheet is showing a
relatively flat overall production level, with some slight
concentration beginning in the big miners (much more
mergers needed)

goldsheetlinks.com

32701 top 10 8070 8051 8341 32856 0.5%
35121 top 15 8758 8752 9058 35714 1.7%
38956 top 20 9764 9676 10005 39680 1.9%
50983 top 50 12345 12510 12554 50607 -0.7%
----- ------ ------ ----- ----- ----- -----
1999 Q1-00 Q2-00 Q3-00 T12 T12/99



To: russwinter who wrote (443)12/4/2000 10:10:01 AM
From: tyc:>  Read Replies (1) | Respond to of 4051
 
Just to be contentious !

futures.tradingcharts.com

This is the chart for the Australian Dollar. Doesn't it suggest that the best gold-stock buy right now would be one whose production is fully hedged in terms of the Aussie dollar ?