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

To: russwinter who wrote (81931)	2/12/2002 9:25:04 PM
From: goldsheet	Read Replies (1) \| Respond to of 116762

<I missed the Lassonde criticism of MDG of specifically? I believe he was speaking of the gold mining industry in total.> He did criticize the industry, but named two companies who are actually doing the best job replacing reserves: "Our timing, I think, is propitious," Lassonde said from Toronto. "Goldcorp. (GG: news, chart, profile) and Meridian (MDG: news, chart, profile), lots of gold companies, need to replace their reserves - they need assets." I have to get back to you on new gold mines, but there were at least three in Australia. Dominion Mining NL is going to be a producer again, along with a couple others. Give me a chance to look.

To: russwinter who wrote (81931)	2/12/2002 10:03:24 PM
From: goldsheet	Respond to of 116762

Dominion Mining First gold production from Challenger is targeted for the second half of 2002. The Stage 1 Challenger Project is expected to produce 105,000 ounces over a 20-month period from an open cut development, laying the foundations for a transition to underground mining. (resources=500,000 ounces) REF: dml.com.au Gold Partners is buying a closed mine from Sons of Gwalia "Gold Partners' optimism for a successful outcome to investment in the Mt Gibson Gold Project is based on the Project's 868,400 ounces of previous gold production, existing resource inventory of 518,000 ounces of gold in open-ended development targets and additional gold resource potential within extensive granted mining tenements" (new production late 2002) REF: stockhouse.com.au (got to love a stock that has gone from 3 cents to 19.5 cents in about two months) Bendigo NL expects to go into production in late 2003, but now that Harmony is a substantial investor I would not be surprised to see schedule moved up. "Stage One production will be sourced from reefs within the immediate vicinity of the Swan decline, and the rate of production is expected to be 250,000 tonnes per annum to produce 90,000 - 100,000 ounces of gold per annum. " "Stage Two production involves BMNL expanding its treatment facilities to achieve a production rate of 600,000 tonnes per annum, for 225,000 - 250,000 ounces of gold by 2005. " "Stage Three would commence in 2007, when BMNL plans to be processing 1.2 million tonnes per annum to produce approximately 450,000 - 500,000 ounces of gold at a cash cost of A$150 - 200 per ounce. " REF: bmnl.com.au

To: russwinter who wrote (81931)	2/12/2002 10:36:43 PM
From: goldsheet	Read Replies (1) \| Respond to of 116762

The huge expansion at Yanacocha will make up for many mine closures: "In 2001, Yanacocha in Peru sold 1.9 million ounces (983,000 equity ounces) of gold, a 9 percent increase over 2000, at a total cash cost of $115 per ounce. Yanacocha's first crushing and agglomeration facility for the La Quinua deposit started up late in the third quarter and will continue to undergo commissioning adjustments through the first half of 2002, gradually stepping up to its design rate of 132,000 tons per day (120,000 metric tons per day) by the end of June. La Quinua is expected to reach production of one million ounces annually in 2003 to help Yanacocha reach its production goal of 2.5 million ounces annually in 2004."

To: russwinter who wrote (81931)	2/13/2002 12:11:02 AM
From: goldsheet	Respond to of 116762

Australian gold miner Newcrest Mining Ltd.could potentially triple production over the next five years, Chief Executive Tony Palmer told the Australian Stock Exchange in an interview Tuesday. Dow Jones reports the rise in production would be based on the new Ridgeway mine development in New South Wales and the Telfer mine redevelopment in Western Australia, and would likely yield operating costs for the company of below A$250 an ounce, Palmer said. "My expectation is that Newcrest could potentially triple its production within a five-year period or less," he said. Ridgeway is expected to be producing close to 350,000 ounces a year by the June 30 end of fiscal 2001-02, while a feasibility on the Telfer redevelopment is due for completion in the third quarter of calendar 2001. "Our current thinking (at Telfer) is for a project processing between 13 to 19 million tons of ore per year, which implies 600,000 to 700,000 ounces of gold per year, and maybe even 1 million ounces per year in some years," Palmer said. REF: stockhouse.com.au