CAPITAL MARKETS

Climax holders expected to accept merger: Askew

JAMES Askew, who is chairman elect of the new Oceana Gold post-merger, told the <I>Excellence in Mining & Exploration</I> conference in Sydney this morning he expects Climax shareholders to approve the merger when they vote on the deal later this month.

Jesse Riseborough
Climax holders expected to accept merger: Askew

Askew said the production profile of the new company, once the Dinkidi copper-gold project is in production in 2008, will be around 550,000 ounces of gold equivalent per annum at a cash cost of about $US180/oz....

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