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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: Elizabeth Andrews who wrote (3068)1/31/2003 8:48:33 AM
From: Elizabeth Andrews  Read Replies (1) of 5423
 
Newmont-In addition, the company is pleased that the shareholders of Kinross Gold Corporation have approved the combination of Kinross, Echo Bay Mines Ltd. and TVX Gold Inc.
Newmont has pledged to vote its shares in Echo Bay in favor of the transaction when the Echo Bay shareholders vote later this week. In the event the combination closes later
this week as planned, Newmont will receive $180 million in cash from the sale of its non-core TVX-Newmont Americas assets and will hold an approximate 14% interest in
the new Kinross, with a current market value of approximately $300 million.
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