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 : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?

To: GC who wrote (30219)	12/27/2002 3:08:23 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 34075

The Salt Lake Tribune Business Briefs Column Dec 27, 2002 (The Salt Lake Tribune - Knight Ridder/Tribune Business News via COMTEX) -- OVERSTOCK SALES BOOM: Overstock.com Inc. announced Thursday that its 2002 holiday season consumer spending was up by 164 percent over its 2001 holiday season. The Salt Lake City-based Internet retail clearance site reported its customers clicked through $25.2 million from the official start of the holiday shopping season Nov. 29 through Christmas Day, versus the $9.5 million spent during 2001's commercial yuletide. "E-commerce results will be surprisingly good this year for the entire industry, especially given otherwise lackluster results from offline retailers," said Overstock.com chief executive Patrick Byrne said. He contends that the ease of price comparison and convenience to shoppers will continue to make the Web more and more the place to shop. Overstock.com's biggest product growth occurred in the book, DVD and CD categories, which the company recently relaunched. The company also showed strong sales growth in consumer electronics, watches and apparel. -- Bob Mims EAGLE NUGGETS LAND: Golden Eagle International Inc. said Thursday it will mark a gold-production milestone of 1,000 troy ounces by giving some of that precious yellow metal away. Five investors will be selected randomly Jan. 7 to receive the commemorative gold nuggets from the Draper-based company's Cangalli, Bolivia, gold mining property. The mine, where the company's 1,000 ounces production goal was reached on Sept. 30, is located in the heart of the rich Tipuani Gold District. Terry Turner, Golden Eagle president and chief executive, said the nuggets also mark gold's Dec. 19 trading milestone, when the precious metal topped the $350 per ounce barrier, going for up to $352.60. "We have achieved many, important milestones this year," Turner said. "We are pleased that we can share the excitement that we have created in Bolivia. . . . " In addition to the production record, reached midway through the mine's third month of operation under Golden Eagle, the company doubled production capacity from 1,000 tons per day to 2,000 tons per day. To see more of The Salt Lake Tribune, or to subscribe to the newspaper, go to sltrib.com (c) 2002, The Salt Lake Tribune. Distributed by Knight Ridder/Tribune Business News.