SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: long-gone who wrote (29259)3/1/1999 6:45:00 PM
From: C Hudson  Respond to of 116791
 
Crash Index at -10!

wwfn.com



To: long-gone who wrote (29259)3/1/1999 6:48:00 PM
From: John Hunt  Read Replies (1) | Respond to of 116791
 
Hacker infiltrates military satellite - More Details

<< The UK Ministry of Defence has come under attack from a hacker who is allegedly threatening to target military satellites unless a £3 million ransom is handed over.

According to a story in today's , the hacker has already seized control of one satellite, altering its course. The satellite in question is said to be involved in co-ordinating bombing raids on Iraq.

Other targets for the hacker have been GCHQ - the spying operation that listens in on telephone calls and other communications - and a number of UK operations overseas. -- cont'd -- >>

theregister.co.uk

PS - The Register is a great site for computer technology news

*********

And an interesting OT article with new facts on the Flight 800 crash supporting the missile theory, if anyone has time on their hands waiting for gold to move. :-))

New shadows darken the TWA Flight 800 probe

villagevoice.com






To: long-gone who wrote (29259)3/1/1999 6:52:00 PM
From: goldsnow  Respond to of 116791
 
INTERVIEW - New Barrick CEO picky about
acquisitions
06:00 p.m Mar 01, 1999 Eastern

By Sarah Edmonds

TORONTO, March 1 (Reuters) - The brand-new chief executive of
Barrick Gold Corp., North America's second-largest gold producer,
said on Monday he will keep an eye out for any solid-gold
acquisition opportunities in the industry.

Barrick, which just signed a friendly deal to acquire Sutton
Resources Ltd. (STT.TO) and its prized Bulyanhulu gold project in
Tanzania, failed to win the hand of Argentina Gold Corp. (ARP.V)
last month with a C$160 million hostile offer.

Barrick, which owns 9.9 percent of Argentina Gold and plans to
keep the stake, coveted control of the Vancouver company's
Veladero mine in northwestern Argentina.

''We will move when we see things that meet our criteria,'' Randall
Oliphant, Barrick's former chief financial officer who was named to
the CEO post on Monday, said in a telephone interview.

''We've made the move on Sutton but we also find ourselves in the
very fortunate position of having just brought on-stream the
lowest-cost mine in the world in the form of (Peruvian mine) Pierina.
Sutton will be another fantastic mine for Barrick and beyond that
we've got Pascua (on the Chile-Argentina border).

''But while we continue to follow everything that's going on in the
gold industry, we already have a solid growth profile in front of us
and therefore we'll be highly selective in what we do,'' Oliphant
added.

He said that while Barrick paid ''a full price'' for Sutton now, he
believes the acquisition will make a significant contribution to
reserves, production, earnings and cash flow over the longer term.

The expiry of the Argentina Gold bid coincided with the surprise
resignation of Chief Executive Paul Melnuk, who took over the gold
producer just last spring.

Oliphant said there was little he could say about Melnuk's
resignation, except to emphasise that the two events had nothing to
do with one another.

''The problem is when someone leaves for personal reasons, it's
incumbent on us to respect those reasons. And no matter how much
time goes by, it wouldn't be fair to comment on something that was
personal,'' he added.

Coincident with Oliphant's appointment, John Carrington was named
vice-chairman and Jamie Sokalsky was appointed chief financial
officer.

Oliphant rose through the ranks at Barrick and believes the company
has a winning strategy which he will use to develop the company
further.

''We're on track to meet all of our targets -- 1999 should be a very
exciting year for us as our production jumps considerably up to 3.6
million ounces and our costs drop to $125 (an ounce). So far, we are
well on track to meeting those objectives,'' Oliphant said.

''We don't generally comment on quarterly results but it's probably
fair to say that with the year being better in total than 1998 was, that
on balance the quarters should be better than the quarters were in
1998.''

((Reuters Toronto Bureau 416-941-8100 e-mail
toronto.newsroom+reuters.com))

Copyright 1999 Reuters Limited.