"Wiluna Mines. The Wiluna mine has operated intermittently for over 100 years. Asarco recommenced mining in 1987, changing its name to Wiluna Mines Ltd in 1994. It was purchased by Great Central Mines in 1997, at which time Normandy acquired its strategic interest in Great Central. The 10 MW diesel power station was converted to gas firing in 1997. Normandy assumed 100% ownership of Wiluna in 2000, with Newmont acquiring Normandy in 2002. Gold production is currently at a rate of approximately 90,000 oz/a."
AXM Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held