SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ENERGOLD (EGD.V)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: keith schaefer who wrote (5)7/23/1997 12:24:00 PM
From: keith schaefer   of 130
 
Energold Update as of July 23--EGD is still waiting for the concession applications in the Dominican Republic to be approved by the gov't. The gov't has no mining regulations and is moving forward on plans to make a better framework for mining companies to work under, but it has been slow.

Mgmt is prudently bringing costs down now--there is no drilling (rainy season there) and our Dominican operations have been cut back until the concessions are granted.

$2 M in the bank now, good for more than a year working cap.

Other DR news: KWG and Falconbridge have been granted one concession, the Managua, and they reported trenching results of 5.2 g/t Au over 42 m. The buzz down there is they have some excellent drill results. We have some applications very close to them.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News