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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: John Dally who wrote (56444)7/19/2000 1:47:57 PM
From: goldsheet  Respond to of 116822
 
> Do you know why TVX only took a maximum of 50% stakes (now 25% with TVX/Normandy) in its mines?

I do not recall the exact histories of these mines, but in order to fund exploration/development it is quite common for smaller firms to give larger ones (PDG, RTP, AU) an option to buy-in in exchange for financing. I'd have to check footnotes in the annual report online, since I do not have a copy in my files.