Battle Mountain To Have New Owner

Thu., June 22, 2000

From Staff

North America’s largest gold producer is poised to get bigger.

Newmont Mining Corp. will acquire Battle Mountain Gold Co. through a merger, the two companies announced Wednesday.

The merger is scheduled for fall. It won’t affect Battle Mountain’s plans to build the first large open-pit gold mine in Washington state, officials said.

Plans for the Crown Jewel Mine in Okanogan County are currently tied up in court. Battle Mountain is appealing a January ruling that overturned the mine’s water rights and water quality permit.

Pending shareholder approval, Battle Mountain will become a wholly owned subsidiary of Newmont under the merger.

Battle Mountain’s shares will be exchanged for 0.105 shares of Newmont common stock.

Battle Mountain’s stock closed at $2.31 Wednesday, up nearly 20 percent.

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Battle Mountain To Have New Owner

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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