Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: russwinter who wrote (63318)	2/4/2001 7:57:37 PM
From: goldsheet	Respond to of 116753

Continuing Titanic analog - You have 80 miners in a lifeboat designed to hold 40, all know 40 have to jump into the cold water, but for some reason no one is willing to volunteer ;) > at the terminal phase and very different from just a few years ago. It is getting there, but I think there is more time for rotating deck chairs. Writedowns of assets are something I would have done earlier and the miners are just getting around to it. Expect more denial, heroic measures, and we need some MONSTER takeovers. This industry is too fragmented, we really need 5 players that can produce over 40Moz combined (about 50% of production) Newmont/Barrick should have merged years ago (when Sir James Goldsmith was involved - 1987?? )

To: russwinter who wrote (63318)	2/5/2001 8:23:16 AM
From: lorne	Read Replies (1) \| Respond to of 116753

China's Xinjiang to produce 216,000oz of gold in 2001. "We produced more before 2000, usually about 200,000 taels/year. But some resources started depleting and we are now developing some new deposits which are slated to start production either this year or next," Full story >>> platts.com