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

To: Alex who wrote (74512)	8/6/2001 9:14:15 AM
From: Ken Benes	Respond to of 116764

Production Even as producers promise consolidation and a focus on eliminating production to address the perceived surplus in the market, quarterly production is up 5 per cent year-on-year at 9.3 million ounces. That suggests that close-to-home shareholder interests remain more important than grand ideas for market management. In the half-year to end June, production was up a hefty 8 per cent to 18.4 million ounces from a year ago (including Normandy and Newcrest). The 571 tons of gold produced by the millionaires accounts for 82 per cent of Miningweb's global half-yearly production estimate of 697 tons (22.4moz) Amen, gold prices are headed nowhere for quite some time. Ken