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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Edmund Lee who wrote (282)	5/24/2000 11:42:00 AM
From: Ptaskmaster	Read Replies (1) \| Respond to of 4051

FrancoNevada (FN) an acquisition target of Goldfields (GOLD)?- "Several weeks ago, it was speculated that Canadians Placer Dome was in discussions to transact a merger with Gold Fields. But some analysts believe momentum for this transaction has fallen away in the wake of Placer's ongoing problems with its Getchell and Cortez operations, as well as bedding down the South Deep project in South Africa. Another deterrant has been the land disputes in Zimbabwe which have put a dampener on investing in the southern African region. Almost all of Gold Fields' assets are located in southern Africa, mostly South Africa. "Despite these regional problems, it has been suggested that Toronto Stock Exchange listed precious metal company, Franco-Nevada, is one such target for Gold Fields. Franco-Nevada is a cash rich mining royalty company based in Toronto. Last year it merged with Euro-Nevada and owns a piece of Barrick Gold's Goldstrike operation. It has also other mining stakes in Nevada as well as platinum group metal prospects. It has positions in other resources which would not be of interest to Gold Fields." From: Gold Fields confirms "in discussions", by David McKay, full story on Miningweb in Moneyweb at mny.co.za