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


To: long-gone who wrote (64653)2/27/2001 8:57:49 AM
From: Zardoz  Read Replies (1) | Respond to of 116762
 
What are you smoking {drinking} ?



To: long-gone who wrote (64653)2/27/2001 2:42:25 PM
From: goldsheet  Read Replies (1) | Respond to of 116762
 
Agnico-Eagle reports record fourth quarter operating results
biz.yahoo.com

"Increased gold production in the fourth quarter of over 300 percent to 71,008 ounces, when compared to 1999, with a 74 percent decrease in cash costs to $95 per ounce of gold, both Company and LaRonde Mine records"

Increased production can still makes sense at current gold prices, *IF* the volume can get your costs down and your profit margins up.

I now have compiled data on 55 firms with reported 2000 production of 50.4moz versus 47.5moz in 1999, +6%. Fourth quarter was a very strong 13.7moz
goldsheetlinks.com