Wheaton River Minerals (WRM Toronto) Message Board

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Gold/Mining/Energy : Wheaton River Minerals (WRM Toronto)

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To: Michael Markham who wrote (128)	1/26/1998 9:24:00 AM
From: gmweber	Read Replies (1) of 350

Michael Markham $9.7 million netted on gold repurchase Wheaton River Minerals Ltd WRM Shares issued 30,390,348 Jan 23 close $0.35 Mon 26 Jan 98 News Release Mr Ian McDonald reports Wheaton River has repurchased all but 22,000 oz of its gold forward sales contracts for a total gain of approximately $9.7 million. The recent repurchase of 55,000 oz was at a spot price of US$280 per oz and was in addition to the previously announced repurchase of 70,000 oz. The company now has approximately $10.4 million in cash and bank debt of $4 million. Estimated cash production costs at the Golden Bear mine for the next five years are US$210 per oz, compared with an actual cost of US$212 for 1997. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com regards gmweber

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