MARKET TALK: Gold Miners Cost Pressures Rise 28/04/05 12:20:00
1220 [Dow Jones] Large gold miners particularly savaged, hit by double whammy
of 1.1% fall in gold price overnight, Newmont's 1Q05 results, CEO of world's
largest gold producer citing rising fuel and commodity prices as driving 9% rise
in per ounce production costs from 1Q04. Newcrest (NCM.AU) falls to near 7 month
low A$14.30; last at A$14.33, down 3.8%. Lihir (LHG.AU), citing cost pressures
at Tuesday's AGM, down 4.7% at A$1.02. Oxiana (OXR.AU) and Anglogold (AGG.AU)
both off more than 2.0%. (WEL)
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