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Gold/Mining/Energy : ARP - V Argentina Gold
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To: Gunnar who wrote (3006)3/1/1999 10:06:00 AM
From: Tony from Niagara  Read Replies (2) of 3282
 
Regarding Veladero, ABX has a direct 40% interest as a joint venturer in whatever is ultimately found in the ground, in addition to its shareholding in ARP.

Unless ARP in its gold estimates already reduces the estimate by 40% (in which case gross gold equivalent of Veladero would be about 13.33 MM oz.), one does need to divide the gold between the joint venturers.

Regards,

Tony
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