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

To: goldsheet who wrote (606)	2/13/2001 4:49:21 PM
From: russwinter	Respond to of 4051

This in from UBS Warburg quoting the Australian Financial Review: Centaur, the Aussie gold producer may be going into voluntary bankruptcy. According to company quarterly from Dec, 2000, they had 1.6 million oz. hedged and 2.6 million * committed and hedged. * Not exactly sure what those double figures mean; hedged versus "committed" and hedged, but this is the sort of thing that I see coming regularly. The question is of course about continued production to deliver the gold, but the creditors may have to do that, and I don't see it as likely. If that's the case, then positions will have to closed out and that means substantial buying pressure.

To: goldsheet who wrote (606)	2/13/2001 11:36:50 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 4051

<I am not aware of any exchange traded options on any silver stocks in the $US. > Well I know that PAAS had options two years ago or so. But i just checked and you right. They don't have any now.

To: goldsheet who wrote (606)	2/14/2001 1:25:37 PM
From: russwinter	Read Replies (2) \| Respond to of 4051

More shutdowns on the way. Canada's McWatters Mining may cease operations unless capital raised New York--Feb. 14--Canada's McWatters Mining Inc. said Wednesday it could be required to permanently cease all of its mining operations unless it is able to obtain additional capital. The company announced this morning that it would shut down its Sigma-Lamaque gold mine in the province of Quebec and would review operations at its Kiena gold complex in about three months. Falcon Gold Zimbabwe Chairman warns mines could be closed Johannesburg--Feb. 14--The Chairman of Falcon Gold Zimbabwe, a subsidiary of Luxembourg-listed Falcon Investment Holdings Societe Anonyme, warned that should costs at its mines continue to increase at unacceptable rates and the Zimbabwe dollar exchange rate remains constant, working costs will soon overtake gold income and cessation of mining activities and closure of all mines is inevitable.