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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (36)	6/1/2001 12:54:07 PM
From: craig crawford	Read Replies (1) \| Respond to of 1643

Mexico Mar gold output down 4.2%, silver up 7.3% vs yr ago Mexico City, May 31 (BridgeNews) - Mexico's gold production in March fell 4.2% compared with a year earlier, while silver output rose 7.3% in the same period. Output for the entire mining sector rose 1.2% by volume compared with a year earlier, the National Statistics Institute (INEGI) said Thursday. ( Story .2166 ) FULL: Agnico-Eagle to expand LaRonde mine to 7,000 tons/day Toronto, May 31 (BridgeNews) - Canada's Agnico-Eagle Mines Ltd said Thursday that it plans to expand the LaRonde Mine to 7,000 tons of ore treated per day from 5,000 tons of ore treated per day. Agnico expects to pay about $10 million for the expansion of surface facilities. A portion of planned expenditures of about $30 million will be moved into 2002 and 2003. Agnico's plan contemplates an increase in gold production to 341,000 ounces in 2002, 373,000 ounces in 2003 and 396,000 ounces in 2004 from an estimated 229,000 ounces of gold in 2001. ( Story .15598 ) Johannesburg - Lonmin Platinum was on track to become a million-ounce platinum producer by 2007, it said yesterday. businessreport.co.za "It is important to note that the rate of increase in prices achieved in the first half of the year are unlikely to be repeated in the second half of the year," Farmer said "The six-month period was not without its bad news on the global economic front and it would be naive for us to think that our commodity is completely recession proof." But Farmer said the properties and attractions of the PGMs continued to underpin demand. Both the platinum and rhodium markets were in deficit with demand exceeding supply. Metals issues post gains-- Gold prices trade little changed www2.marketwatch.com The Swiss National Bank said Friday that it sold $55.8 million (100.2 million Swiss francs) of its gold reserves in the final 11 days of May, Bridge News reported. Its total reserves are valued around $18.7 billion (33.7 billion Swiss francs).