Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Broken_Clock who wrote (69352)	5/17/2001 5:08:02 PM
From: E. Graphs	Respond to of 116753

How is NEM different from CSCO? finance.yahoo.com NEM: finance.yahoo.com CSCO: finance.yahoo.com

To: Broken_Clock who wrote (69352)	5/17/2001 5:30:59 PM
From: long-gone	Read Replies (1) \| Respond to of 116753

P/E zero. " Newmont Mining Corp. is engaged in the production of gold, the development of gold properties, the exploration for gold and the acquisition of gold properties worldwide. For the three months ended 3/31/01, revenues fell 7% to $427.5 million. Net loss applicable to Common and before acct. change totaled $39.1 million vs. an income of $6.1 million. Results reflect lower realized gold prices, lower gross margins and a $60.5 million merger and restructuring charge." biz.yahoo.com That said, we have seen a gold price move from $252 to 273.50. Last quarter NEM produced 1.39 million ounces at a net operating loss of $5.5 million. Does it not seem logical(though understating) that they would be able to wash 75% of the PoG increase to the bottom line? $16.125 X 1.39(M)= $22.49(M) - 5.5(M) = $16.9M profit CSCO also had no earnings, but the price for their product is declining.