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

To: lorne who wrote (74314)	8/1/2001 9:00:34 AM
From: lorne	Respond to of 116835

Future of gold mining 'lies beyond SA' August 01 2001 at 07:29AM Johannesburg - The future of South Africa's gold mining industry was outside the country, Chris Thompson, the chief executive and chairman of Gold Fields, said earlier this week. He said it would be difficult to expand the sector in the country because most of the remaining gold deposits were deep underground and would be too expensive to mine. In 1970 the country produced 1 000 tons of gold and last year the figure stood at about 427 tons. Full story >>> busrep.co.za

To: lorne who wrote (74314)	8/2/2001 11:39:51 PM
From: long-gone	Respond to of 116835

Thursday, August 02, 2001 ECHO BAY MINES LTD Echo Bay Mines reported for the six month period ended June 30, 2001, net earnings of US$3.4 million ($0.04 per share) on revenues of US$128.1 million, compared to net earnings of US$7.5 million (nil per share) on revenues of US$136.1 million for the corresponding period of 2000. Gold production for the first half of 2001 was 349,754 ounces, 6% higher than in first half of 2000, due to the increased production at Round Mountain and recommissioned Lupin Mine. It was also offset by the reduced production from the McCoy/Cove. The company expects to produce 670,000 ounces of gold for the full year 2001 at a cash operating cost of US$225 per ounce. infomine.com