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

To: loantech who wrote (6080)	11/7/2002 8:42:48 PM
From: goldsheet	Read Replies (1) \| Respond to of 8010

Vista already option the property to Silver Standard They paid Newmont $1.5m for both properties on October 8th, and just optioned the silver part of one property for $1.5m, so the gold is free - nice move ! DENVER -(Dow Jones)- Silver Standard Resources Inc. entered a nonbinding agreement to acquire Vista Gold Corp.'s silver resources in the Maverick Springs project in Nevada. Under the agreement, Silver Standard will pay Vista $1.5 million over four years, including $300,000 at closing and $1.2 million toward exploration programs, land holding costs and option payments. Vista will retain a 100% interest in the gold resources. FULL: biz.yahoo.com Much more detail in the Silver Standard press release: biz.yahoo.com