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

To: long-gone who wrote (94280)	3/28/2003 12:24:47 PM
From: goldsheet	Read Replies (2) \| Respond to of 116789

Ghosts around the gold price may have gone away, BUT the strong rand is killing margins on South Africa mines. Time for Anglogold to continue to diversify outside RSA and make another takeover bid. The industry remains way too fragmented (6moz for AU is only 7%) that producers have no price control (aka ability to manipulate prices upward). It still takes 15 gold miners to produce 50% of world's gold and I think we need to consolidate to the point where Top 5 produce 50%. This means 4 or 5 companies producing over 10moz. We need more big acquisitions.

To: long-gone who wrote (94280)	3/28/2003 12:51:58 PM
From: goldsheet	Respond to of 116789

Peru's Gold Production Up Sharply In February Peru's largest gold mining companies sharply boosted output in February, the Energy and Mines Ministry said late Thursday in a report. Minera Yanacocha SRL, which produces almost half the country's gold, produced 6,347 kgs of gold in February, up 27.2% from the 4,988 kgs produced in February last year. The second largest gold miner was Minera Barrick Misquichilca SA, which had an output of 2,440 kgs in February, a 12% increase from the same month last year, the government added. The government said that Buenaventura SAA had a 34.3% increase in output in February over the year. REF: biz.yahoo.com