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


To: lorne who wrote (62579)1/8/2001 12:32:41 PM
From: lorne  Read Replies (2) | Respond to of 116762
 
Weak gold price is killing off prospecting.
Published: January 7 2001 12:44GMT
" The continued slump in the bullion price is killing off gold prospecting. Last year mining companies spent only $1.1bn exploring for gold, roughly a third as much as in 1997. And for the first time on record gold accounted for less than 50 per cent of their global exploration budgets. "
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