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

To: d:oug who wrote (68662)	5/3/2001 9:21:55 PM
From: lorne	Respond to of 116758

Newmont Mining CEO says gold demand strong. " "Demand remains strong, production is falling and central bank selling and lending is expected to moderate in the future," Murdy told the company's annual meeting." " He said surface mining in Nevada was being "sharply reduced" this year as the company processes higher-grade ores from underground mines." " Murdy reiterated that Newmont remains philosophically opposed to hedging. "Battle Mountain had a small hedge book of 400,000 ounces that we may restructure. " " Every $10 move in the price of gold translates into $0.15 a share impact on earnings." Full story >>> money.iwon.com