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The investment objective of the Fund is to replicate, to the extent possible, the performance of the FTSE Canada 1-10 Year Laddered Government Bond Index the Index, net of expenses. The Fund uses an indexing strategy to achieve its investment objective. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through... see more

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iShares 1-10 Year Laddered Government Bond Idx ETF > GOLD OUTPUT LOWEST IN 60 YEARS

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Post by PGMBOY on Feb 24, 2005 12:14pm

GOLD OUTPUT LOWEST IN 60 YEARS

Gold output lowest in 60 years David McKay Posted: Thu, 24 Feb 2005 [miningmx.com] -- GOLD supply fell 13% in 2004 compared to 2003 recording the sharpest fall in mine production since the 1940s, the World Gold Council (WGC) said in its annual review. Gold production, which totalled 2,478 tonnes in 2004, recovered slightly in the fourth quarter of 2004, however, owing to improved production from Grasberg, a large gold mine in Indonesia. The fourth quarter also benefited from a number of new mines, the WGC said. Gold mining companies continued to allow their hedging programmes to unravel without renewing them. “De-hedging was high throughout 2004, 59% higher than in 2003,” the WGC said. Scrap supply was 14% lower in the fourth quarter “... continuing the trend evident in the first three quarters of the year,” it said.

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