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To: goldsheet who wrote (63708)	2/13/2001 4:48:48 PM
From: long-gone	Read Replies (1) \| Respond to of 116791

Any names we all know involved with them?

To: goldsheet who wrote (63708)	2/14/2001 2:31:48 PM
From: long-gone	Read Replies (1) \| Respond to of 116791

Wednesday February 14, 11:19 am Eastern Time McWatters Mining halts production at Sigma-Lamaque MONTREAL, Feb 14 (Reuters) - McWatters Mining Inc. (Toronto:MCW.TO - news), feeling the pinch of a slumping gold price, said on Wednesday that it will cease operations at its Sigma-Lamaque complex in Quebec for an indeterminate period. The Canadian gold miner said in a release that the closure will result in the temporary layoff of about 120 employees at the complex. It also said it will continue its operations at its Kiena complex in Quebec for a period of approximately three months, at which time such operations will be reviewed. The company said that to continue operations it requires additional capital to complete expansion of Sigma-Lamaque. It said it is ``pursuing various avenues to raise the required capital.'' ($1 equals $1.52 Canadian) biz.yahoo.com

To: goldsheet who wrote (63708)	2/14/2001 2:32:49 PM
From: long-gone	Read Replies (1) \| Respond to of 116791

Wednesday February 14, 10:11 am Eastern Time Press Release Gold Demand Up 11% in Q4 2000 to New Quarterly Record Year-on-year Demand Steady NEW YORK--(BUSINESS WIRE)--Feb. 14, 2001--Gold demand in the world's leading gold-consuming countries was 11% higher in the fourth quarter of 2000 than a year earlier, according to figures published by the World Gold Council today. At 894 tonnes, this set a new quarterly record for the world's 27 major markets, topping the previous record, in Q3'99, by 2%. The strong growth in Q4 offset a weaker performance in the first three quarters so that demand for the year as a whole, at 3,281 tonnes, was essentially unchanged from 1999. Jewellery consumption for Q4 reached 793 tonnes, 12% higher than a year earlier and 5% higher than the previous record in Q3'99. Annual consumption of jewellery was also a record at 2,902 tonnes, 4% higher than the previous record in 1999. In contrast to jewellery, investment demand throughout 2000 was subdued, falling 21% from the 1999 level. In 1999 investment demand was exceptionally high, particularly in the US, due to fears of widespread Y2K disruption. When the disruption failed to materialise demand fell sharply in 2000, a fall exacerbated by some of the gold acquired being sold back to the market. However, by Q4 there were signs that investment was shaking off the effects of the fallout, with demand higher, by 4%, than a year earlier for the first time in the year. Demand reached new records in several countries. In India, the world's largest market, demand edged above the previous record in 1999, despite an abnormally low number of auspicious days in the Hindu calendar for weddings and a patchy monsoon hitting rural incomes in some areas. In Turkey demand rose a massive 49% over 1999 enabling the country to regain its place among the world's top five consumers. Records were also set in the Gulf States, Mexico and Vietnam. Also of note is the 10th successive annual record for gold jewellery consumption in the United States. Haruko Fukuda, Chief Executive Officer, World Gold Council, commented: ``I am encouraged by the all-time record achieved in the fourth quarter. Despite the effect of Y2K fallout on investment demand, which depressed the figures for 2000 as a whole, the trend in consumption has been strongly upwards in the last few months. We are determined to build on this performance and I look forward to seeing good progress in 2001.'' Gold Demand Trends No. 34 is available from the day of publication on the Council's website (www.gold.org). Hard copies of the GDT document can be obtained from the World Gold Council, 444 Madison Ave., New York, NY 10022. (Tel: 212-317-3800 Fax: 212-688-0410) or a PDF file can be downloaded from the website or obtained by e-mail from george.milling_Stanley@wgcny.gold.org. -------------------------------------------------------------------------------- Contact: World Gold Council, New York George Milling-Stanley, 212/317-3848 Fax: 212/688-0410 george.milling_stanley@wgcny.gold.org or Marston Webb Int'l, New York Victor Webb, 212/684-6601 Fax: 212/725-4709 marwebint@cs.com biz.yahoo.com

To: goldsheet who wrote (63708)	2/14/2001 2:36:18 PM
From: long-gone	Read Replies (1) \| Respond to of 116791

Same thing repoported by another source from other point of view: Wednesday February 14, 7:25 am Eastern Time World 2000 gold demand holds steady By Sara Marani LONDON, Feb 14 (Reuters) - Global gold demand remained virtually unchanged year-on-year in 2000 at 3,281 tonnes, with firm demand growth in India, Turkey and the United States, the World Gold Council (WGC) said on Wednesday. The WGC said in its quarterly Gold Demand Trends publication that demand in the 27 markets monitored by the industry-funded organisation reached a new quarterly record in October-December of 894 tonnes, a rise of 11 percent. ``The strong growth in Q4 offset a weaker performance in the first three quarters so that demand for the year as a whole...was essentially unchanged,'' the WGC said in a statement. Demand set new records in several key consumer markets, including India, the world's largest consumer, where demand rose two percent to 855.2 tonnes. ``In India...demand edged above the previous record in 1999, despite an abnormally low number of auspicious days in the Hindu calendar for weddings and a patchy monsoon hitting rural incomes in some areas,'' the WGC said. Spot gold edged marginally higher after the WGC demand figures were released, with dealers saying gold was eyeing moves in the dollar. Spot gold was last quoted at $261.00/$261.50 a troy ounce, up from Tuesday's New York close at $260.70/$261.20. JEWELLERY AT NEW RECORD, INVESTMENT DEMAND DOWN The WGC said annual jewellery consumption also set a new record, reaching 2,902 tonnes, up four percent from the previous record in 1999. ``Jewellery demand should...continue to benefit from a generally benign economic scenario,'' the report said. ``Factors such as the swing back to yellow jewellery, a more 'normal' number of auspicious days for Hindu weddings (although offset by the effect of the Gujurat earthquake) and...the increase in promotional spending that the WGC will be able to undertake, can only accentuate this effect.'' By contrast, investment demand in 2000 was subdued at 379.1 tonnes, falling 21 percent from the 1999 level, which had been exceptionally high due to fears of Y2K disruption. (cont) biz.yahoo.com