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New Owner at Andacollo Gold

Bnamericas
Pegasus Gold signed a merger agreement with Dayton Mining Corporation, the latter being the owner of the Andacollo gold project located in Region IV, due to be completed at end of the year.

With this merger, the company will be called Pegasus Gold Inc. It is estimated that the company will be able to increase its production of gold from 740,000oz in 1997 to 880,000oz in 1999.

Pegasus pointed out that that the Andacollo gold project represents an important addition to the company, which estimates its reserves at 3 million oz.

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