Shareholders of Santa Fe Pacific Gold (GLD-N) will meet in a special meeting on May 5 in Albuquerque, N.M., to discuss a proposed merger with Newmont Mining (NEM-N).
Newmont and its 91%-owned subsidiary, Newmont Gold (NGC-N), have scheduled their annual meetings for later that day.
The combined company would have proven and probable reserves totalling 55 million oz. Annual gold production would total 4 million oz. by 1998.
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