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Gold/Mining/Energy : BLACK HAWK (TSE:BHK) -- Ignore unavailable to you. Want to Upgrade?

To: gilbert leblanc who wrote (403)	4/10/2001 10:17:54 AM
From: Stephen O	Respond to of 545

Great news Black Hawk pays off bank loan in full DJ Black Hawk Mining Raises $664,000 In Put Option Sale TORONTO (Dow Jones)--Black Hawk Mining Inc. (T.BHK) has sold its put options on 81,000 ounces of gold for proceeds of $664,000. In a news release, Black Hawk said proceeds from the sale were used to repay its standard bank term loan in full. It said the balance outstanding on the term loan at Dec. 31 was $1.4 million. Additional cash payments totaling $736,000 had been made since year end, it said. The company said the average strike price on the put options was $261 an ounce. As a condition of the term loan, Black Hawk said it was required to establish a hedging program in 1999 to ensure minimum cash flow for the loan. Call options sold on 95,720 ounces of gold, with an average strike price of $272 an ounce, remain outstanding and expire monthly over the next 22 months. Black Hawk said it no longer holds any put options. Black Hawk is a mining and exploration company. Company Web Site: bhkmining.com -Judy McKinnon, Dow Jones Newswires; 416-306-2100

To: gilbert leblanc who wrote (403)	5/2/2001 5:39:09 PM
From: Stephen O	Read Replies (1) \| Respond to of 545

VANCOUVER (Dow Jones)--Silver Standard Resources Inc. (SSRI) has signed an agreement with a unit of Barrick Gold Corp. (ABX) to purchase Barrick's 20% direct interest in the Manantial Espejo silver-gold project in southern Argentina. In a press release, Silver Standard said it will issue 400,000 common shares to Barrick for the 20% interest. Silver Standard said that under the agreement, it will defer the payment of a royalty of $5 an ounce of gold and 6 cents an ounce of silver, formerly due to be paid to Barrick on completion of a final feasibility study on the project, to the start of commercial production. It said Barrick will retain a 3% royalty on certain gold and silver claims discovered in addition to that identified at the time of production. Silver Standard said the agreement, which is scheduled to close within a month, is subject to regulatory approvals. Black Hawk Mining Inc. (T.BHK) owns the remaining 80% interest in the project. Silver Standard said it is earning a 50% stake in Black Hawk's interest under a 1998 agreement. Barrick, Silver Standard and Black Hawk are mining companies.