An interesting sale. making Queenstake a decent size producer
(237,000 attributable ounces of gold in 2002 at a total cash cost of $249 an ounce)
"Meridian Gold Inc.'s subsidiary, Meridian Gold Jerritt Canyon Corporation, and AngloGold (Jerritt Canyon) Corp., have entered into a purchase and sale agreement with Queenstake Resources Ltd. to sell their combined 100% interest of the Jerritt Canyon Joint Venture, with an estimated closing date of March 24, 2003. "
biz.yahoo.com
"As at December 25, 2002, Jerritt Canyon had proven and probable reserves, consisting of both in situ reserves and stockpile material, of 2,463,520 tons at an average grade 0.236 ounces per ton, totaling 580,913 ounces of gold. "
RESERVES: biz.yahoo.com |
