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

To: Stephen O who wrote (19)	2/15/1998 2:43:00 PM
From: nammir chucri	Read Replies (1) \| Respond to of 22

Kinross plan in 1997 was to bring down the cost and increase gold volume production by backing up junior exploration companies;they were backing BHK up to $ 13 million for the Hoyle property near Timmins,with their recent merger with Amax,this strategy represent no more the priority it used to have. Faced with dwindling gold reserves,diminishing backing by Kinross, not even a proposal of a takeover,BHK did not have the choice. BHK management will have a tough job,Triton's Limon mine cash cost per oz is around US$ 265,no money will be made on this deal if gold remains in the $300/310.