Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: long-gone who wrote (84539)	4/18/2002 3:40:49 PM
From: goldsheet	Respond to of 116866

<<I don't think he is expecting a 30% decline by 2010 as mentioned later in the same article. >> > Yeah but makes a great sound bite. My sound bite is: "I do not expect gold production to dip even 5% over the next few years, from 2600 currently to maybe a low of 2470, then ramp up with rising gold prices mid-decade, breaking the 3000mt level by 2010, UP 15%" (not down 30%) P.S. 3000mt is 96.5 moz, put me down for an even 100moz (3110mt)

To: long-gone who wrote (84539)	4/19/2002 2:58:04 PM
From: goldsheet	Read Replies (1) \| Respond to of 116866

Opening new gold mines sure doesn't help the predicted decline in gold production: "The $378 million Ridgeway gold/copper project, located in the Cadia Valley near Orange, was today officially opened by the Premier of New South Wales, The Hon. Mr Bob Carr. The mine is the second developed in the region by Newcrest Mining after the Cadia Hill mine and brings the total investment by the company in the Orange district to around $1 billion in the last decade. The Ridgeway mine which will produce approximately 350,000 ounces of gold and 34,000 tonnes of copper in its first year of operation has a 12 year mine life" REF: newcrest.com.au