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


To: Claude Cormier who wrote (480)12/14/2000 11:29:25 AM
From: goldsheet  Read Replies (1) | Respond to of 4051
 
> The grade is low... but the material is exceptional

While looking at a few annual reports, I noticed the numbers for Yanacocha (Newmont/Buenaventura).
They mined 1.7 moz at .037opt at a cash cost of $99 in 1999.
Their proven and probable reserves are over a billion tons at .025opt containing over 33 million ounces.
It must be profitable because they ramped it up over 2moz in 2000.