NEWS IN BRIEF Homestake helps out subsidiary

Homestake Mining (NYSE) has contributed an additional $675,000 to its 82.8% owned subsidiary North American Metals (VSE). Homestake has also agreed to defer North American’s remaining 1991 gold deliveries until 1995 because of low gold prices and high production costs at the Golden Bear gold mine in British Columbia. North American has been unable to meet ongoing operating expenses at the 50% owned Golden Bear.

Print

 

Republish this article

Be the first to comment on "NEWS IN BRIEF Homestake helps out subsidiary"

Leave a comment

Your email address will not be published.


*


By continuing to browse you agree to our use of cookies. To learn more, click more information

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.

Close