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

To: goldsheet who wrote (68033)	4/20/2001 10:59:20 PM
From: goldsheet	Read Replies (2) \| Respond to of 116762

It is still early in the earnings reports, but 8 firms have reported quarterly gold production. March 2001 = 2.270 million ounces vs. December 2000 = 2.121 vs. March 2000 - 1.715

To: goldsheet who wrote (68033)	4/21/2001 7:24:21 AM
From: Crimson Ghost	Read Replies (1) \| Respond to of 116762

Agree 100% about the need for MASSSIVE gold industry consolidation. That would certainly facilitate the process of closing down marginal production until prices improve.

To: goldsheet who wrote (68033)	4/21/2001 8:28:19 AM
From: long-gone	Read Replies (1) \| Respond to of 116762

<< I try to stick to those rules. I may mention Company ZZZ produced XXX ounces which contributes to supply, which I think still affects the price of gold. I try not to indicate if Company ZZZ is good/bad as an investment, just it contribution to the macroeconomics of supply/demand.>> We have also discussed , at some level, cost of production for some of them but I don't disagree with the process as it may show how much longer cheap gold may hit the market. > small producers sqeezed out of existence < << We can only hope>> I, though, can also see some may be taken over not just squeezed out. .

To: goldsheet who wrote (68033)	4/21/2001 6:33:02 PM
From: baystock	Read Replies (1) \| Respond to of 116762

<The gold industry should be consolidated like base metals where 3-to-6 producers account for 50-to-75% of production.> There is absolutely no similarity between the base metals and gold. I think consolidation in the gold mining industry is irrelevant as far as being a determinant to the price of gold. The mining companies produce 100 million oz of gold per year but the above ground supplies are of the order of 100,000 tons or 3.2 billion ounces. So if mining companies were to cut production by 20 or 30% it would be only a miniscule fraction of above ground inventories. But there would be considerable benefits to individual mining companies if they can lower their costs by consolidating. And how useful would your spreadsheet be if there were only 3-6 producers to track <g>.