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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (10630)	4/11/2002 4:25:01 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 36161

XAU and some miners have a possible island reversal (up). Will reassess when my port will be 61% up as your's.<g>

To: gold$10k who wrote (10630)	4/11/2002 4:25:29 PM
From: longdong_63	Read Replies (1) \| Respond to of 36161

valutrader...Are you still bullish on gold ST? I'm long a bunch of ASA and GOLD right now. That Japan banking report is due tomorrow and I don't see anything good that can become of it with $2T yet to be written down. Just hope GOLD can break over 11.07 and ASA keeps the move on also.

To: gold$10k who wrote (10630)	4/11/2002 4:47:51 PM
From: Eva	Respond to of 36161

Placer and Kinross to form Porcupine joint venture Placer Dome Inc PDG Shares issued 329,506,912 Apr 11 close $18.40 Thu 11 Apr 2002 News Release Also Kinross Gold Corp (K) Mr. Jay Taylor of Placer Dome reports PLACER DOME AND KINROSS TO FORM JOINT VENTURE Placer Dome's wholly owned subsidiary, Placer Dome (CLA) Limited, has signed a letter of understanding with Kinross Gold to form a joint venture that will combine the two companies' mining operations in the Porcupine camp in Ontario. Placer will own a 51-per-cent interest and Kinross will own a 49-per-cent interest in the joint venture, which will be operated by a Placer affiliate. Placer will contribute the Dome mine and mill and Kinross will contribute the Hoyle Pond, Pamour and Nighthawk Lake mines, as well as the Bell Creek mill. Future capital and operating costs will be shared in proportion to each party's ownership interest. According to Placer Dome president and chief executive officer Jay Taylor: "This is an example of our strategy to execute transactions within existing camps to add value to our existing assets. There are some significant synergies to be captured in the Porcupine camp. The Dome mine's 13,000-tonnes-per-day mill combined with Kinross's large, highly prospective land package will maximize the returns to the shareholders of both partners. Our mill needs feed beyond 2007 and Kinross needs the infrastructure to develop and process their resources." As of Dec. 31, 2001, Kinross's reserves in the Porcupine camp totalled 1.1 million ounces using a $300/ounce gold price. Resources totalled 3.1 million ounces. As of Dec. 31, 2001, Dome's reserves stood at 1.3 million ounces using a $275/ounce gold price. Resources totalled 2.1 million ounces. The formation of the joint venture is subject to several conditions, including due diligence, completion of a definitive agreement, and the approval of the Placer Dome (CLA) Limited and Kinross board of directors. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com