NEWS ROUNDUP — Greenstone pays off note

With mining well under way at its wholly owned Santa Rosa gold mine in Panama, Greenstone Resources (TSE) has paid off a US$5-million promissory note prior to its due date.

The note, payable to Freeport-McMoRan (NYSE), was issued in 1990 in connection with Greenstone’s purchase of all of the former’s mining and exploration assets in Panama.

These assets included the Santa Rosa, from which almost 300,000 tonnes of waste rock and 36,500 tonnes averaging 1.5 grams gold per tonne have been mined. The material, which represents about 1,300 oz. of “gold-in-process,” has been stockpiled.