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Gold/Mining/Energy : SOUTH AFRICAN MINING -- Ignore unavailable to you. Want to Upgrade?

To: baystock who wrote (199)	9/18/1998 6:42:00 PM
From: POLARBEAR	Read Replies (1) \| Respond to of 472

Hi Ram, Took me a while but I found the reference. I'm fairly certain the the article's author just confusingly added some other mining info onto the end of that RANGY article, thus misleading readers. Note the how the first line starts out, indicating to me the author is attempting to shift topics. y Among other mining results, Avgold returned to profitability during the March quarter with net earnings for the quarter of R6-million compared with the previous quarter's R8-million loss. Avgold said gold sold decreased by 2% to 6 829kg from 6 973kg for the quarter ended December last year. Gold revenue of R56 259/kg was R9 405/kg higher than the spot price, as a result of the company's hedging programme. Cash holdings reduced from R271-million to R169-million as a result of capital expenditure on the target development and tax payments. Results of the Fairview mine, acquired from Gold Fields in January, were incorporated into the results for the first time. - Reuters, Sapa-AFP