Gold bullion, the Company's principal product, is produced and sold in the United States, Canada, Australia and Chile. Ore and concentrates containing gold and silver from the Eskay Creek mine in Canada are sold directly to smelters. The Company is currently one of the largest North American-based gold mining companies with current annual production of approximately 2.4 million gold equivalent ounces and reserves of approximately 18.8 million gold ounces and 110 million silver ounces at December 31, 1999. Revenues reflect higher production and lower cash costs of gold.
Lower loss reflects decreased exploration and interest expenses.
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