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

To: E. Charters who wrote (93598)	2/16/2003 1:55:09 PM
From: goldsheet	Respond to of 116759

> Coldwater Johnson strikes again Just reporting some different news to balance Hotair Charters ;) We have spoken previously about the untapped mineral potential of the former USSR, who continue to get their act together. I'm bullish on the gold mining industry and am glad to see that they are getting a opportunity to re-evaluate projects at $350 gold. It should be good news for you, since I hope your objective is to get your claimed resources into production. > gold production has fallen in the last 25 years Gold production has risen in the last 25 years. World production is running over 2500mt per year, about double the average level of 1250mt in the 1970s. Here's the last 30+ for your reference: 1970 1,478.1 1971 1,446.0 1972 1,394.8 1973 1,337.4 1974 1,248.0 ---- ------- 1975 1,203.0 1976 1,220.3 1977 1,216.8 1978 1,214.8 1979 1,207.0 ---- ------- 1980 1,218.6 1981 1,283.0 1982 1,340.7 1983 1,404.7 1984 1,459.7 ---- ------- 1985 1,531.9 1986 1,606.6 1987 1,660.5 1988 1,848.4 1989 2,023.1 ---- ------- 1990 2,127.4 1991 2,160.0 1992 2,250.0 1993 2,270.0 1994 2,260.0 ---- ------- 1995 2,250.0 1996 2,328.0 1997 2,472.0 1998 2,555.0 1999 2,569.0 ---- ------- 2000 2,573.0 2001 2,604.0 2002 2,563.0 > in South African and Canadian production. Together these two countries produced about 950 tons per year I'm sorry but your numbers are way off. South Africa currently does about 390mt and Canada does 160mt, for a total of 550mt. > more than equal to what India consumes. Today that figure does not break 400 tonnes. India used to consumer over 800mt per year, but dropped to 723mt in 2000 and 726mt in 2001. Trailing 12 months to Q3-02 was 518.9mt (156.2+116.3+130.0+116.4) I suspect they will consume around 450-475mt in 2002, when final numbers are released. I'm not an enemy of gold, but a friend of correct information.