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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?

To: KMT who wrote (4803)	8/3/1998 3:37:00 PM
From: Mike Gold	Read Replies (3) \| Respond to of 25548

Newmont eyeing acquisition opportunities-July 29 DENVER, July 29 (Reuters) - Newmont Mining Corp continues to look for acquisition opportunities in this low gold stock price environment, Chief Executive Officer Ron Cambre said on Wednesday. ''We continue to look at opportunities,'' Cambre said during a teleconference call to discuss the company's second quarter results. ''We have a group of people who have a full-time task of seeking out opportunities. We hope they're aggressive enough,'' he said when asked whether the company was aggressively looking for a merger target or just prepared to take advantage if a situation arose. Lower gold prices have put pressure on gold company stocks. Newmont shares closed at 20-1/16, down 8/16. The company's 52-week high stands at 45-14/16. Newmont recently acquired Santa Fe Pacific Gold Corp and speculation has arisen that the low gold price could spark more mergers in the industry.