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To: 249443 who wrote (50)	9/22/2002 7:21:43 PM
From: 249443	Read Replies (1) \| Respond to of 77

Newmont expects record cash flow June 6, 2002 mips1.net "ADELAIDE - Newmont Mining Corp, the world's top gold producer, said on Thursday it expects to record annual operating cash flow of US$750 million by the end the year. Reuters reports the forecast is based on a gold price of $300 an ounce, Newmont said. Gold currently fetches around $322 an ounce. Newmont also said in a statement that it expects to realise savings of $70 million to $80 million due to its acquisitions earlier this year of Australia's Normandy Mining and Canada's Franco-Nevada Mining. Newmont chief operating officer Wayne Murdy told Reuters on Wednesday a $25 rise in the gold price improved Newmont's earnings by $110 million on an annual basis -- or about 25 cents a share -- and cash flow by about $160 million..."