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: long-gone who wrote (74064)	7/27/2001 9:44:19 AM
From: Stephen O	Respond to of 116761

Here is a cut in gold production cnniw.yellowbrix.com Bad weather reduces gold extraction in Russia's Irkutsk Region Source: BBC Monitoring Former Soviet Union - Economic Publication date: 2001-07-26 Text of report by Russian newspaper Rossiyskaya Gazeta on 24 July According to the figures at 17 July, gold extraction in Bodaybinskiy District (Irkutsk Region) is 1.4 tonnes down on last year at 4.4 tonnes. The reduction in gold extraction was due to the delay in the start of the season caused by weather conditions. The cold winter with little snow delayed the onset of spring, according to Pavel Zorin, deputy of the Irkutsk Region Legislative Assembly. The amount of drilling and blasting work increased as a result. Moreover, frequent storms in June and July played havoc with the operation of power lines and transformer substations, which interrupted the supply of power to the gold fields. The gold- extraction quota for Bodaybinskiy District enterprises in 2001 is 15.7 tonnes, which includes 8.4 tonnes for the Lenzoloto Open Joint- Stock Company; 5.9 tonnes for large artels, and 1.3 tonnes for small artels. The largest quantity of precious metal extracted since the start of the season has been at Lenzoloto - 2.5 tonnes. Last week 242 kilos of gold were extracted at Lenzoloto. The major artels in Bodaybinskiy District have extracted over 1.6 tonnes of gold since the start of the season, 70 per cent less than for the comparable period last year. Since the start of the season, extraction at the small artels has been almost 50 kilos down on the same period last year. Publication date: 2001-07-26 © 2001, YellowBrix, Inc.