| Business Summary | | Piedmont
Mining
Co.
is
engaged
in
exploration
for
gold
and
other
precious
metals
and
evaluation
of
gold
properties
in
North
and
South
Carolina.
The
Company
was
also
engaged
in
the
mining
and
production
of
gold
at
its
Haile
Mine
properties
(the
Haile
Property)
near
Kasho,
South
Carolina,
from
early
1985
until
mid-1992,
when
the
Company
entered
into
a
mining
venture
with
a
subsidiary
of
Amax
Gold
Inc.
to
further
explore,
evaluate
and,
if
warranted,
develop
and
operate
a
gold
mining
operation
at
the
Haile
Property
on
a
larger
scale
than
was
previously
operated
by
the
Company.
The
Company
also
controls
one
property
area
in
North
Carolina
on
which
it
has
conducted
exploration.
The
Company's
activities
in
South
Carolina
are
conducted
primarily
through
its
wholly
owned
subsidiary,
Kasho
Gold
Company,
Inc.
(formerly
Mineral
Mining
Company,
Inc.),
and
in
North
Carolina
through
its
wholly
owned
subsidiary,
Piedmont
Gold
Company,
Inc. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Piedmont
Mining
Company
is
engaged
in
the
exploration
for
gold
and
other
precious
metals.
The
Company
has
not
reported
revenues
since
fiscal
year
1992.
For
the
six
months
ended
6/30/98,
net
sales
totalled
$28
thousand,
up
from
$0
thousand.
Net
loss
decreased
25%
to
$362
thousand.
Revenues
reflect
initial
sales
of
gold
bullion.
Lower
loss
reflects
lower
professional
fees,
reduced
general
and
administrative
costs
and
a
$78
thousand
gain
on
the
sale
of
assets. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997 Pay | |
| Robert Shields, Jr., 59 Chairman,
CEO and Treasurer | $130K | Earl Jones, 58 Pres,
Sec., COO | -- | Dollar amounts are as of 31-Dec-1997 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|