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

To: James E Lynch who wrote (12589)	8/31/1998 8:10:00 AM
From: DR. MEADE	Read Replies (1) \| Respond to of 34075

From MDIN thread : To: J. Nelson (5831 ) From: Mike Kovalchick Monday, Aug 31 1998 7:25AM ET Reply # of 5832 Email from Newmont-what they have to say about acquisitions: My questions to Newmont: I have a few questions: 1) Is Newmont actively seeking acquistions: ie especially in light of low = gold prices/stock prices? 2)If so, might this happen in the short term? I am concerned of dilutive = effects that an acquistion would have on the current share price. 3)Wall Street Journal reported that Newmont is interested in Golden Eagle = International-is this true? Or is Newmont seeking other targets in South = America? Thanks in advance to responding to my questions: Newmont's Response Mr. Kovalchick Many thanks for your inuiry re Newmont Stock. I am Newmont's VP for Corporate Development. In response to your questions: 1) Newmont reviews a significant number of potential acquisition or merger opportunities as a regular feature of our corporate development function whith the goal of focusing only on those opportunities which are consistant with our internal strenghts and capabilities and which are accretive to shareholder worth. There are certainly many potential deals in the market to consider in light of the current gold price, but this is certainly an environment for caution as well. 2)We don't comment on what deals we might/might not be working on. We are certainly focused on avoiding deals which might be dilutive to our shareholders. 3)As i said above, we can't comment on market rumors about individual companies, but we have said on many occasions that South America remains an important focus for our future growth. Many thnks for your inquiry. W.D.(Randy) Eppler VP Businessd Dev. & Planning Newmont Gold Company