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Gold/Mining/Energy : Sun River Mining (SUNR) -- Ignore unavailable to you. Want to Upgrade?

To: SWW who wrote (32)	9/25/1998 6:54:00 PM
From: Mr Metals	Read Replies (1) \| Respond to of 1650

From: Pennaluna & Company Subject: XAU up 52% so far this month Date: Friday, September 25, 1998 3:51 PM Sep 25, 1998 The Philadelphia XAU gold and silver index closed today at 74.11 -- up about 52% so far this month - as it continues to climb from a record low of 48.67 set in late August. The move has been fueled by rising gold prices, now up almost US$ 20 an ounce from the 19-year low of US$ 274.60 they hit late last month. The renewed interest in gold comes amid concerns over global financial problems, a weakening US dollar, and turbulence in foreign currency markets. Prices on some large cap mining stocks have moved up substantially since August 31, although they're still well below 52-week highs. Placer Dome (NYSE:PDG)has advanced from US$ 8 1/16 to close today at 14 1/4. Barrick (NYSE:ABX)has moved up from US$ 13 to 20 7/16. TVX (NYSE:TVX)has risen from US$1 1/8 to 2 3/8. Kinross (NYSE:KGC) has moved up from 1 13/16 to 3 1/8. Locally, Coeur d'Alene Mines (NYSE:CDE) has climbed from US$ 4 1/16 to 6 5/16, and Hecla (NYSE:HL) has advanced from US$ 3 1/2 to 4 13/16. The move has not yet generally been reflected among the junior mining issues. If gold prices remain firm, an investor spillover could flow into those stocks in the near future. pennaluna.com Mr Metals