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Gold/Mining/Energy : Kinross Gold

KGC 25.45

-0.3%

Nov 14 9:30 AM EST

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To: Just G who wrote (391)	10/20/1999 8:07:00 AM
From: Just G	Read Replies (1) of 530

NP says bid for Royal Oak's Timmins mines is rejected Kinross Gold Corp K Shares issued 302,476,501 Oct 19 close $3.86 Wed 20 Oct 99 In the News See Royal Oak Mines Inc (RYOM) In the News The National Post reports in its Wednesday edition that an after-deadline bid for the Timmins mining operations of Royal Oak Mines Inc. has been rejected by the gold company's receiver. On Oct. 12, Potter Station Power Co. Inc. offered to purchase the money-losing Nighthawk and Pamour mines for $4.8-million (U.S.). If successful, the private Timmins-based developer planned to reopen the two mines and rehire the work force of 250. But the bid arrived six days after receiver PricewaterhouseCoopers Inc. had agreed to sell the Timmins operations on a shutdown basis to Toronto's Kinross Gold Corp. for $5-million (U.S.). (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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