North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Pebble Partnership copper gold molybdenum mine project Alaska Northern Dynasty NAK NDM

By Gary Park 

Survey: Gold miners set reserves at $366


January 30, 2005

Gold mining companies are reacting cautiously to the latest spikes in gold prices in valuing their assets, unsure where the U.S. dollar is headed, an annual survey by Pricewaterhouse-Coopers has concluded.

Ignoring a peak of close to $460 an ounce in December, 43 international firms have settled on an average $366 an ounce for reserves and $379 an ounce for carrying values, an increase of 9 pe...

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