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Gold/Mining/Energy : William Resources - WIM-TSE -- Ignore unavailable to you. Want to Upgrade?


To: Brad Humphrey who wrote (1053)6/1/1998 3:34:00 PM
From: marcos  Read Replies (1) | Respond to of 1326
 
1Q98 biz.yahoo.com

Low grades through the mills at Bj”rkdal and Pahtavaara in 1Q, equipment and management changes coming at Jacobina.

"The second quarter will continue to be difficult for the Company, but improvements are expected in the second half of the year as the higher grade ore zones are opened up at Bj”rkdal and Canavieiras. The Company's 1998 gold production is forecast to be over 150,000 ounces at an average cash cost of less than $275 per ounce. Gold sales in 1998 are fully hedged at an average price of $373 per ounce."