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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: HiStakes who wrote (318)1/5/1999 12:07:00 PM
From: StockMiser  Read Replies (1) | Respond to of 48092
 
Not sure about that one...I've only ever traded the bluechip mines.

BTW...this is a very good sign for us. NEM @ 18 1/8, BMG @ 4 3/8 - definately uptrending from late DEC lows - and doing so with market UP (DOW +51 right now).

I'll make a prediction that NEM breaks 20 again before end of January. If that happens, and there has NOT been a market correction, then thats a very bullish sign for metals this year, imho.



To: HiStakes who wrote (318)2/5/1999 10:54:00 AM
From: long-gone  Respond to of 48092
 
From the Rocky Mountain News Today
4 million ounces golden for Newmont Mining

Company posts profit; announces land swap

By Richard Williamson
News Staff Writer

Denver-based Newmont Mining Corp. became the first North American company to produce 4 million ounces of gold in 1998, struggling through one of the leanest years in two decades with an operating profit.

Newmont also announced a major land swap with Toronto-based Barrick Gold Corp. in northern Nevada, where both companies operate. Barrick was North America's largest gold producer until Newmont took the lead through an acquisition in 1997.

The swap represents an even split of 4 million ounces of reserves and simplifies the land holdings of the two companies, officials said.

A writedown of Newmont assets impaired by low gold prices and a new accounting standard left the company with a loss on paper of $393 million, or $2.47 per share, for the full year.(cont.)
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