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Gold/Mining/Energy : Bema(Bgo) and Arizona Star

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To: Letmebe Frank who wrote (9714)	10/7/1998 7:07:00 PM
From: Robert Dirks	Read Replies (1) of 10482

From the 98/Q2 report: Refugio Mine, Chile The Refugio Mine produced a total of 37,964 ounces of gold during the quarter (of which the Company's portion was 18,982 ounces) at an average operating cash cost of $320 per ounce compared to 36,800 ounces of gold during the same period in 1997. For the first six months of 1998, the mine has produced a total of 86,508 ounces compared to 88,600 ounces during the first half of 1997. Looks like cash cost is down to 300., but they are a bit short on the production target.

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