Pegasus Gold (PGU) hits 52 week low Message Board

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Gold/Mining/Energy : Pegasus Gold (PGU) hits 52 week low

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To: Lightning who wrote (81)	1/7/1998 5:06:00 AM
From: Michael Bidder	Read Replies (1) of 199

Highlights on ECO The Lupin mine is being placed on ''care and maintenance'' to maintain the integrity of the mine and enable it to reopen when gold prices improve. Approximately 500 employees are affected. The underground mine is located 56 miles south of the Arctic Circle. It is the northernmost gold mine in the world outside of Russia. Annual care and maintenance costs are anticipated to be about $3 million. Don't be fooled this will not reopen. Three million a year spent in the hope gold goes balistic....and stays there!

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