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Gold/Mining/Energy : MIRAMAR MINING (MNG) -- Ignore unavailable to you. Want to Upgrade?


To: PaulM who wrote (190)12/15/1997 2:15:00 AM
From: BearRead Replies (1) | Respond to of 457
 
Just got Miramar's 9-97 quarterly. Some encouraging things in it.
Cash cost lowered to US$294. Operating profit of $1.6 million (3 cents per share). 133,050 oz hedged at average of US$441. May make acquisitions. Northern Orion's Antofalla property had a sample with
2,000 g silver and .6 g gold; drilling to start in 4th Q 1997. It would be nice for Miramar to come up with a mineable silver deposit, as silver seems to be in a bull market, unlike gold and copper.

Bear