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

To: long-gone who wrote (81324)	1/31/2002 9:48:06 AM
From: Professor Dotcomm	Read Replies (1) \| Respond to of 116753

Your stats on continental gold production reminds me of the implications of a rising US $. The odds are that gold production can be increased substantially and profitably in sub par currency countries. In Australia, South Africa and maybe Canada, a rising US$ can literally turn rock into ore.

To: long-gone who wrote (81324)	1/31/2002 5:39:42 PM
From: goldsheet	Read Replies (1) \| Respond to of 116753

When you adjust AU for the mines they sold, overall production was up in 2001. The key point, however, affecting the macro-economics of the gold market is "Total cash costs down 16% to $178/oz" Angologold is generating a lot of cash flow: 1) they bought back 3.5moz of hedges 2) intend to deliver all production into hedges into 2002 3) might actually increase production 4) might still be in the mood to buy quality assets.