First Asset Morningstar Emerging Markets Composite T.EXM.A

Hothschild Results

[siftoman]

In examining the 4th quarter results for Moris Mines production, can anyone comment on these compared to some of the other Hothschild properties posted in the same release? I've held Exmin for a long time, are these results good,bad or just average.
Many thanks
SIftoman

[bryancj]

The expected Gold production for 2008 is 25,000 per EXMIN release in 2007. The production to date 5,680 (mainly for Q4) is a good start bearing in mind the plant normally takes time to ramp up. So They are on target to meet expectations in 2008. This is a good result. However we still are awaiting to see what the cash cost turns out at which should be given Hochschilds annual results. This

[ramblersrest]

....what if the Morris mina has a loss in a quarter ? is Exm required to come up with their portion of the loss ? also if there is a basic profit in a quarter but this profit is reinvested say in plant & equipment or exploration ,how would that affect Exm ? sorry for not knowing this info myself

[bryancj]

See FT editorial comments below: Gold is the new global currency Published: January 7 2008 19:05 | Last updated: January 7 2008 19:05 There was a time when gold was money. In today’s uncertain world, the yellow metal is back in fashion. Bullion prices rose to a record nominal high after the assassination of Benazir Bhutto in Pakistan added to nervousness about the world economy. Part of