GOLDEN CROSS MINE

Ag
20.67
USD/oz
-0.04
red
Data as of Jul 28, 2014 12:53PM UTC
Au
1,305.46
USD/oz
-0.02
red
Data as of Jul 28, 2014 12:53PM UTC


Key Facts
Status: Past Producer
Type of Work: Open-Pit/Underground
Location: New Zealand
                 8 km NW of Waihi

Commodities: Silver, Gold
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Latest Information
September 8, 1999
Cyprus Amax Minerals Company has reached agreement with Coeur d'Alene Mines Corporation to settle litigation relating to the Golden Cross mine in New Zealand for $31.5 million. This Coeur d'Alene lawsuit initiated in 1995 arose from Cyprus Amax's sale of the Golden Cross mine in April 1993 and pertained to damages from ground movement and instability. An insurance claim is being pursued by Cyprus Amax in connection with this litigation. (Cyprus Amax Minerals Co)
March 31, 1998
Remediation work continued to focused on arresting deep seated land movement below the mine's tailings impoundment. Limited mining of underground ores will continued until April 1998, at which time all mining operations ceased.
March 31, 1998
Remediation work continued to focused on arresting deep seated land movement below the mine's tailings impoundment. Limited mining of underground ores will continued until April 1998, at which time all mining operations ceased.

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