Securities firm Burns Fry of Toronto has been retained by MinVen Gold (TSE) to help in the sale of the latter’s one-third interest in the Golden Reward gold mine in South Dakota. MinVen announced in March it was placing its interest in the mine up for sale. Construction of the Golden Reward began in 1988 and the first gold was poured in December of last year. The mine is expected to produce 65,000 oz. gold in 1990.
Owner of the remaining 66/9bh/% interest in the mine is United Coin Mines.
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