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

To: goldsheet who wrote (63575)	2/9/2001 2:45:16 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 116791

Thanks for your response, Bob. However, I don't understand something, even after reading that nifty link to "US Monetary History" on goldsheetlinks.com Somehow, someway, somewhere, someone decided on $20.67 price for an ounce of gold in the USA. They got the idea somewhere. We colonists got the idea of that price from silver you say. Okay...who and what fixed the pound of silver at whatever its equivalency is that made you come up with the gold price of $20.67 Or to put it in other words, our country is too young to have thought of all this stuff by ourselves...the idea, the price, the equivalency comes from somewhere. Any more clues for me, Bob? Like maybe a gold price chart from...oh, doesn't have to be the dawn of time....but maybe from outside the US that influenced the decision to do the silver/pegging thing? Thanks, gold_tutor

To: goldsheet who wrote (63575)	2/9/2001 3:15:13 PM
From: long-gone	Respond to of 116791

Coeur Sells Its Shareholding in Gasgoyne Gold Mines NL COEUR D'ALENE, Idaho, Feb 7, 2001 (BUSINESS WIRE) -- Coeur d'Alene Mines Corporation (NYSE: CDE chart, msgs) announced today that it has sold its 50 percent shareholding in Gasgoyne Gold Mines NL of Australia ("Gasgoyne") for A$28.1 million (US$15.6 million) in cash. The purchaser is Sons of Gwalia Ltd., an Australian corporation headquartered in Perth, Western Australia, who owns the remaining 50 percent interest in Gasgoyne. The principal assets of Gasgoyne are its 50 percent ownership of the Yilgarn Star mine and exploration tenements located in Western Australia. Also included in the sale was Coeur's share of Gasgoyne's gold hedge position of approximately 90,000 ounces. Dennis E. Wheeler, chairman, president and chief executive officer of Coeur, commented on the transaction, stating that, "We have greatly valued our partnership with Sons of Gwalia. However, we believe that Coeur can best serve the interests of its shareholders by continuing to focus on our silver strategy where we can best utilize our competitive advantage. In 2000, the Company invested in an ambitious exploration and development program at Coeur Silver Valley, a major drilling program at Coeur's Rochester mine and completed a comprehensive pre-feasibility study at the San Bartolome silver property in Bolivia." As a result of the transaction, Coeur will record a write-down of $12.2 million reflecting the excess of the carrying value of Coeur's holding of Gasgoyne shares over the sale price. This will be charged to the results of operations for the fourth quarter of 2000. Coeur d'Alene Mines Corporation is North America's leading low-cost primary silver producer, as well as a significant international producer of gold. The Company has mining interests in Nevada, Idaho, Alaska, Chile, Bolivia and Australia. Contact: Coeur d'Alene Mines Corporation Michael A. Steeves, 208/769-8155