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


To: marek_wojna who wrote (86441)6/5/2002 11:57:54 AM
From: goldsheet  Read Replies (2) | Respond to of 116770
 
> Newmont CEO Says Won't Up Gold Output

An interesting spin on the fact they can not increase gold output (or reserves). Grades and recoveries in Nevada and Australia are dropping, and they are expanding at Yanacocha just enough to stay even. When they dump marginal properties and TVX America, there will be no way they could up gold output even if they wanted to. I guess when you are in a difficult spot you can always resort to PR to claim you intended to be there ;)