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Placer Dome"The price of gold continues to...

THE BALTIMORE EVENING SUN

Placer Dome

"The price of gold continues to be stuck in a narrow trading range; however, with a pickup in worldwide economic activity . . . The financially strong gold mining companies that can afford to actively explore, will be the prime beneficiaries of such a development. One favorite is Placer Dome (PDG, NYSE, around $15)," says William Baxter of World Economic Service, Greenwich, Conn.

"Earnings for 1991 are estimated at $0.40 a share. This high-quality stock is attractive for intermediate and long-term appreciation."

Hecla Mining

"Silver is in a transition from being the weakest precious metal to becoming the strongest. At a minimum, we're projecting a price of $8 an ounce for silver over the next two years.

"The best stock play on the silver market is Hecla Mining (HL, NYSE, $12)," says T.J. Holt of The Holt Advisory, West Palm Beach, Fla.

"The company has reduced its silver production costs.

"Moreover, earnings are well supported by the firm's profitable gold mining operations."

Drufontain

"Even though we are only giving a minor buy signal for gold, an upward run in the price of the metal could be highly profitable to gold mining shares. For those seeking to own individual

gold-mining companies, we would recommend Drufontain (DRFNY, OTC, around $13), the flagship South African mine," says James McKeever, Money Strategy Letter, Medford, Ore.

"It has a very low cost of producing gold, approximately $205 an ounce. We look for the stock to rise 50 percent over the next two years.

Coeur D'Alene

"Gold- and silver-mining shares are now at bargain prices. Regardless of what you might think of the future prospects for precious metals, the group looks pretty cheap. The ideal investment in this area would be a company that mines both gold and silver, has low production costs, and has enough financial muscle to grow even during periods of price weakness. One such firm is Coeur d'Alene (CDE, NYSE, around $21), a major North American gold and silver producer," says Value Forcaster, of Pilot Hill, Calif.

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