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Gold/Mining/Energy : Peruvian Gold Ltd. PVO

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To: Brian Warner who wrote (368)	9/27/1997 3:31:00 PM
From: Brian Warner	of 892

Addendum to previous post... Barrick's general manager in Peru, Raymond Threlkeld, announced this at a Peruvian mining conference in Arequipa (David Henstridge in attendance?). I recently asked IR for an Indonesian exploration company what was needed to move junior golds in this time of post-Bre X, low pog, and majors closing down marginal mines. He said that a major such as Barrick starting up a producing mine could really provide a jump-start to juniors. This is what seems to be happening before our eyes in Peru, complete with comments from Barrick about closing down five high-cost mines by the end of 1999 to focus on projects such as Pierina... comments? Brian

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