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Gold/Mining/Energy : Maxam Gold Corp. OBB:MXAM
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To: Alan Vennix who wrote (8349)5/15/1999 8:06:00 PM
From: Char  Read Replies (1) of 11603
 
Alan, This is the first chance I've had to get on since the AGM. It went well but I can't say there was any startling news.

Everything is still on schedule for the first mine to be in production in two years and then one additional mine put in production every six months until there are 10 total.

I think I heard something about a PR coming out next week highlighting the AGM but I'm not sure if it'll be Monday or later in the week.

We went on a tour of Peoria 7 today and while it doesn't look a lot different than it did 2 years ago, there are a few additional trailers set up for lab work. Whoever reported that everything was sold off from the mine site is completely wrong. They did sell one dozer and one front end loader, primarily because they had two of each and they only need one at this time. Instead of just letting them deteriorate in the desert they decided it would be better to sell them now and replace them later if needed.

I did video the meeting so I'll try to provide a more detailed post when I get more time. It probably won't be until some time next week after I'm back home.

There was a pretty small turnout so I don't think there will be to much feedback from others. Chuca was here so maybe he'll give his insight after he gets back home.

Char
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