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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (17297)	7/15/1999 2:50:00 PM
From: Mike Gold	Read Replies (1) \| Respond to of 25548

" The $10M deal that finalized, does Medinah (either Mining or Gold) have any further financial obligations to the sellers, for either money or stock? Has it all been paid in full, mortgage torn up, etc etc?" I believe there is no further financial obligation that Medinah Mining is reponsible for Lipangue/LDM. The do indeed own it(no mortgage etc.) Quijano gets 20% of net profits if the property goes into production unless the property is sold out right-at least that was how it was explained as I recall from a conversation with Russell sometime ago. I'm sure Russell would be happy to explain it to you as well.

To: Win-Lose-Draw who wrote (17297)	7/15/1999 7:54:00 PM
From: bully	Read Replies (1) \| Respond to of 25548

Subject:........................................................ Stockwatch: Dayton Mining Corp - News Release Date: Thu, 15 Jul 1999 15:53:57 -0700 Dayton's Andacollo mine posts record output for quarter Dayton Mining Corp DAY Shares issued 350,500,000 Jul 15 close $0.09 Thu 15 Jul 99 News Release Dayton Mining Corporation's 100-per-cent owned Andacollo gold mine in central Chile produced a record 38,564 ounces of gold, at a cash operating cost of $196 per ounce, for the quarter ended June 30, 1999. This represents the highest quarterly gold production since the mine began commercial production in January, 1996. Total material mined in the quarter ending June 30, 1999, was 5.8 million tonnes. The mine crushed 1.5 million tonnes of ore grading 1.00 grams of gold per tonne. Gold production for the first half of the year totalled 71,447 ounces at a cash cost of $196 per ounce. Bill Myckatyn, chairman, president and chief executive officer, states: "We are very encouraged with the operating successes that are being achieved at Andacollo. Andacollo remains on track to produce the forecasted 138,000 ounces of gold for 1999 at a cash cost of $190 per ounce. The management of Dayton and Andacollo are focusing our efforts on surviving this difficult gold environment by developing the production potential of Andacollo and lowering operating cash costs". Dayton's hedge position for the second half of 1999 is 42,000 ounces of puts at $340 gold per ounce. Looks like there's plenty of "Gold" in them "thar hills"! "BULLY"!