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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (47163)	2/22/2006 10:48:29 PM
From: LLCF	Read Replies (2) \| Respond to of 116555

From Barrick press release: <<For the year, Barrick's new mines -- Tulawaka in Tanzania, Lagunas Norte and Veladero in South America -- helped boost output to 5.46 million ounces, from 4.96 million ounces in 2004. Cash costs rose 6 percent to $227 an ounce. Barrick cut its hedge book, a pile of forward gold sales contracts, by 400,000 ounces, to 6 million ounces in the fourth quarter, or 9 percent of reserves excluding its Pascua-Lama project on the border of Chile and Argentina. >> Forward sales = to only 1 years production.... YAWN! Might be time to pile into this sucker!! -ggg- DAK