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Gold/Mining/Energy : ARP - V Argentina Gold -- Ignore unavailable to you. Want to Upgrade?

To: LaFayette555 who wrote (2690)	2/9/1999 2:35:00 PM
From: Link Lady	Read Replies (1) \| Respond to of 3282

More on the ARP - ABX news sega Argentina Gold Shares Drop; Barrick Lets Offer Expire (Update1) news.com Costs are expected to decline to $125 an ounce, as its Pasqua mine in South America achieves full operation. Pasqua is slated to produce 875,000 ounces a year for about $45 an ounce, making it the lowest cost gold mine in the world, Chief Operating Officer John Carrington said Barrick to Name New CEO Within 3 Weeks, Munk Says (Update1) news.com Carrington said Barrick was ''prepared to pay a reasonable price'' to expand its holdings in the resource rich El Indio Belt, which runs along the Chilean-Argentine border. The latest bid was ''a final offer,'' he said. Barrick sought to acquire the rest of Argentina Gold to gain control of the Veladero gold exploration project in Argentina. The site is adjacent to Barrick's Pasqua deposit across the border in Chile. .