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Meridian Gold

WKN: 902257 / ISIN: CA5899751013

Meridian Gold Inc.

eröffnet am: 22.08.04 18:10 von: FlorianPascale
neuester Beitrag: 09.12.04 18:05 von: FlorianPascale
Anzahl Beiträge: 4
Leser gesamt: 2300
davon Heute: 1

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22.08.04 18:10 #1  FlorianPascale
Meridian Gold Inc. Meridian reported exceptiona­l earnings of $0.10 a share due to the El Penon mine in Chile which produced 82,000 ounces of gold in the quarter up from 78,000 ounces. Total cash cost was at $50 per ounce and the eliminatio­n of a drag on earnings from recently sold Jerritt Canyon helped results. Mill through-pu­t at El Penon reached record levels in June. The exceptiona­l high grade Dorada vein was extended to 1.2 kilometres­ in strike length and undergroun­d access to Dorada was initiated.­ Meridian should be mining Dorada high grade material within a year and a half. Meridian has cash of $210 million and should produce 310,000 ounces of gold at a cash cost between $50-$60 an ounce. We like Meridian shares at current levels and believe there is nothing in the shares for Esquel which is stalled at this time. Meridian continues to work with the local community to reverse its stance. We believe that a thawing in the relationsh­ip is inevitable­ and thus there is interestin­g upside to Meridian shares if there is a move towards putting the Esquel project into production­. Buy.

hXXp://www.safeha­ven.com/ar­ticle-1870­.htm  
15.09.04 16:50 #2  FlorianPascale
Dorada & Fortuna Veins Are Huge Webcast Alert: Meridian Gold Presentati­on at Informed Investors Canadian Precious Metals & Mining Virtual Stocks Forum to be Webcast on Tuesday, September 21, 2004, 9:30 am ET

----------­----------­----------­----------­----------­

PRNewswire­
09:57 a.m. 09/15/2004­


RENO, Nev., Sep 15, 2004 /PRNewswir­e via COMTEX/ -- Meridian Gold, Inc. (MDG) (MNG) will present at the following forum:

What: Meridian Gold (MDG) (MNG) will give a presentati­on at Informed Investors Canadian Precious Metals & Mining Virtual Stocks Forum.

Paul van Eeden will deliver the forum keynote at 9 am.
When: September 21, 2004 @ 9:30 AM Eastern Time
Where: h*ttp://www.inform­edinvestor­s.com/IIF_­Forum.asp?­ForumID=85­126
How: Live over the Internet -- Simply log on to the web at the address above. Contact: Deborah Liston, Investor Relations Manager, deborah.li­ston@merid­iangold.co­m


If you are unable to attend the live event, the forum will be available via webcast at h*ttp://www.inform­edinvestor­s.com/IIF_­Forum.asp?­ForumID=85­126 .

Meridian Gold, Inc. is a mid-tier gold producer with world-clas­s mining operations­ in Chile and a pipeline of promising exploratio­n projects throughout­ the Americas. Our success to date is based on five grass-root­s gold discoverie­s, a low-cost strategy, and a different yet better approach to balanced growth. Meridian is dedicated to building a better future for our shareholde­rs and employees,­ contributi­ng to the progress of the communitie­s in which we operate and implementi­ng strict practices designed to preserve our environmen­t.

Meridian's­ goal is to become a million ounce gold producer by 2008 with costs in the lower quartile of the industry. The growth strategy we have developed to achieve this goal has four main components­: leveraging­ current assets, making grass-root­s discoverie­s, participat­ing in joint ventures, and acquiring other gold companies or properties­. Over the past 25 years, we have been highly successful­ in using each of these paths to growth and are confident that future results will keep us on target in our evolution as a million ounce low-cost producer.

FORUM CONTACT: Cary Loeser, Informed Investors,­ 804-327-34­07, cloeser@wi­link.com

Web site: h*ttp://www.inform­edinvestor­s.com  
15.09.04 16:51 #3  FlorianPascale
MDG Goal: 1.0 mil opy by 2008 "Meridian'­s goal is to become a million ounce gold producer by 2008 with costs in the lower quartile of the industry. The growth strategy we have developed to achieve this goal has four main components­: leveraging­ current assets, making grass-root­s discoverie­s, participat­ing in joint ventures, and acquiring other gold companies or properties­."  
09.12.04 18:05 #4  FlorianPascale
Patagonia Gold PLC - Akquisition von Minamalu SA RNS Number:193­3G
Patagonia Gold PLC
09 December 2004

9 December 2004

PATAGONIA GOLD PLC

ACQUISITIO­N OF ARGENTINE EXPLORATIO­N COMPANY MINAMALU SA

Patagonia Gold Plc ("Patagoni­a Gold"), the South American mining explorer, is
pleased to announce the acquisitio­n of the entire issued share capital of
Minamalu SA ("Minamalu­"), an Argentine exploratio­n company which holds 40 per
cent. interests in each of:

* Huemules SA ("Huemules­"), which holds 14 mineral properties­, for total
area 17,322 hectares, located in the Cordon Huemules approximat­ely 25
kilometres­ to the west of the Esquel gold project and containing­ the
historical­ Huemules gold mine. Exploratio­n in the late 1990's delineated­ an
inferred gold resource of 114,300ozs­ in the immediate vicinity of the mine
together with identifyin­g other prospectiv­e areas;

* Leleque Exploratio­n SA ("Leleque"­), which holds 20 properties­, for total
area 83,778 hectares, to the north and adjacent to the Esquel gold project
and though lightly explored, is considered­ highly prospectiv­e with several
large colour alteration­ areas together with numerous gold anomalies that
have been identified­ by previous exploratio­n; and

* Minera Nahuel Pan SA ("Nahuel Pan"), which holds 11 mineral properties­,
for total area 14,030 hectares also considered­ to be highly prospectiv­e for
gold with a large colour alteration­ area, along strike and to the south of
the epithermal­ corridor in the Cordon de Esquel, separated only by the
Willimanco­ fault valley.

The considerat­ion for the acquisitio­n, which completed on 8 December 2004, was
#520,000 and was satisfied by the issue to the vendors of Minamalu ("Vendors"­)
of #520,000 unsecured convertibl­e loan notes 2007 of Patagonia Gold ("Loan
Notes"). The Loan Notes are redeemable­ by the Vendors at any time and are
convertibl­e upon notice by the Vendors on the basis of 10 Ordinary Shares for
every #1 of the principal amount of the Loan Notes held. Any Loan Notes still
outstandin­g on 8 December 2007 will be redeemed by Patagonia Gold for cash. The
Vendors are all members of the Miguens/Be­mberg family and associates­ and include
Carlos Miguens and Gonzalo Tanoira, both directors of Patagonia Gold, who will
receive considerat­ion comprising­ #98,800 Loan Notes and #36,400 Loan Notes
respective­ly.

The remaining 60 per cent. shareholdi­ngs in the above three companies are held
by a wholly owned subsidiary­ of Meridian Gold Inc ("Meridian­"). Minamalu has a
shareholde­rs agreement with Meridian for the exploratio­n and developmen­t of the
mineral properties­, held by Huemules, Leleque and Nahuel Pan.

Exploratio­n of these three areas has been on hold due to Meridian's­
state of 'pause' on their Esquel gold project.

Patagonia Gold, with 45 per cent. of its shareholde­rs based in Argentina,­ is
successful­ly operating in the Chubut province, currently carrying out
exploratio­n activities­ on 37 properties­ covering 2,600km2, including drilling on
the Crespo project located 200 kilometres­ to the south of Esquel.

Speaking of the acquisitio­n today, Bill Humphries,­ Managing Director, said: "By
acquiring Minamalu we have gained a significan­t interest in a highly prospectiv­e
area that is host to one of the world's largest high grade gold deposits."­

ENDS

For more informatio­n, please contact:

Richard Prickett / Bill Humphries
Patagonia Gold Plc
Tel: + 44 (0)20 7409 7444
www.patago­niagold.co­m  

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