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


To: Richard Mazzarella who wrote (473)12/14/2000 12:03:02 AM
From: goldsheet  Respond to of 4051
 
> without some dramatic change in process, or operation.

I think getting 50% of their 2001 production from a new low cost mine (aka a new operation) is a DRAMATIC change, which is why I posted the URL for the news release.

RENO, Nev.--(BUSINESS WIRE)--Dec. 13, 2000--Glamis Gold Ltd. (NYSE:GLG - news; TSE:GLG. - news) announced today that the first shipment of gold was made on December 12th from its new San Martin Mine in Honduras. San Martin is expected to produce over 113,000 ounces of gold in 2001 at a total cash cost of $113 per ounce, leading the way to positive earnings for Glamis in 2001