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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: IngotWeTrust who wrote (3455)	10/26/2002 1:29:53 PM
From: goldsheet	Read Replies (1) \| Respond to of 4051

Yes, Russia has been ramping up nicely over the last few years to get back to their historical levels. Elsewhere, there are several new mines that have opened this year, along with plans to re-evaluate old projects How's this for ounces ? Durban Roodepoort Deep, which returned to positive earnings territory yesterday when it reported its results for the September quarter, is carrying out a feasibility study in an effort to assess if it would be economically viable to mine the Argonaut gold reserve, which spreads under southern Johannesburg. Mark Wellesley-Wood, Durban Deep's CEO and chairman, said a decision on whether the project would go ahead would not be made for four years, and if it did it would take eight to 10 years before the project would be producing gold. Durban Deep said Argonaut has a resource base of 111-million ounces. The company said yesterday that "management believes the project will be viable at current rand gold prices and thus represents a major opportunity". FULL: bday.co.za AVGOLD is also looking at a 70moz resource: JOHANNESBURG – Avgold, the South African mid-tier gold producer, is to study the feasibility of the construction of a new mine in the Northern Free State to tap into a resource of more than 70 million ounces. The plans to tackle three gold-bearing fan structures to the north of its existing Target mine in a single development rather than the previously suggested piece-meal approach, were unveiled today by management. FULL: m1.mny.co.za