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Gold/Mining/Energy : Golden Eagle Int. (MYNG) -- Ignore unavailable to you. Want to Upgrade?


To: Sam who wrote (2088)4/30/1998 10:41:00 PM
From: CIMA  Read Replies (3) | Respond to of 34075
 
Sam, they started working the shaft on a limited basis last fall. As the POG dropped they decided to concentrate on the open-pit ($170/oz total production cost) and leave the shaft. Then they had problems with fine gold recovery. The screens they were using weren't adequate and they were apparently losing up to 50% of the gold particles. Then the rains began. They are now bringing in the equipment to enhance the fine gold recovery and mine in much greater quantities.