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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.000001000-99.0%Jun 3 1:07 PM EST
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To: Mike Gold who wrote (6905)10/26/1998 9:31:00 PM
From: Handshake™  Read Replies (2) of 25548
 
Thanks Mike, as promised. Now its a matter of getting every thing audited. Geez, Dayton's having trouble with some banks, and hopefully the Chile courts will decide in Medinah's favor.
Here's a little tid bit from Homestake's earnings:

Chile
During the third quarter of 1998, the La Falda mine produced
10,700 gold ounces, equal to production levels during the
corresponding period in 1997. Cash costs, however, declined to $203
per ounce from $231 per ounce in the third quarter of 1997. The
reduced costs are attributable to reduced leach tonnage and increased
ore grade. In addition to oxide ore mined and leached from La Falda,
8,000 tons of refractory ore from the predominantly unoxidized
Jeronimo orebody have been mined. A pilot-scale trial will be
conducted to verify successful laboratory tests that indicate this ore
may be amenable to bio-oxidation.
Exploration
Homestake expects to spend approximately $58 million for
exploration in 1998. Approximately 30% of this amount is allocated to
North America and 50% is planned for Australia. Australia has become a
high priority as a result of the many promising exploration projects
acquired as part of the Plutonic Resources acquisition in April ofthis year.
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