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

To: dean poets who wrote (90034)9/26/2002 11:55:21 AM
From: goldsheet  Read Replies (1) | Respond to of 116833
 
Gold mines have a terrible habit of being variable in grade and recovery, and one can not know exactly what ore zone you are going to deal with.

Freeport has the worst problem at Grasberg, where 600,000 ounces per quarter would be normal, but they had to go through low grades zones in Q1 (336,000) and Q2 (444,000) to get to high grades zones (Q3 should be 840,000)

Newmont has had the same problem as Barrick on the Carlin Trend, making it a regional operational problem, not a company specific problem.



To: dean poets who wrote (90034)9/26/2002 12:37:10 PM
From: Alan Whirlwind  Respond to of 116833
 
post story



To: dean poets who wrote (90034)9/26/2002 1:28:10 PM
From: E. Charters  Respond to of 116833
 
Double production? That is 10 million ounces. Not even Wildcat will be producing 10 million ounce by 2006. Maybe 9 million, but no way 10. (For Wildcat. We should surpass Barrick by 2004. If we get the money. It's getting that first billion that's tough.)


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