| Business Summary | | First
Dynasty
Mines,
Ltd.
explores,
acquires,
and
develops
gold
properties.
The
Company's
properties
are
located
in
Armenia,
Myanmar,
and
the
Yukon
Territory
of
Canada.
Properties
in
Armenia
are
the
Ararat
gold
processing
plant,
Zod
gold
mine
and
Meghradzor
gold
mine.
The
Company
produces
30,000
ounces
of
gold
per
year
from
retreatment
of
tailings
near
the
Ararat
plant.
The
first
stage
of
redevelopment
of
the
Zod
open
pit
is
expected
to
add
another
50,000
ounces
of
gold
production
per
year
beginning
in
March
of
2000.
First
Dynasty
was
one
of
the
first
companies
to
obtain
exploration
rights
when
Myanmar's
mining
regulations
were
modified
to
allow
foreign
companies
to
hold
and
develop
mines.
The
Dublin
Gulch
deposit
in
Yukon
contains
1.5
million
Ounces
of
gold;
progress
continues
toward
obtaining
a
mine
development
permit. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | First
Dynasty
Mines
explores,
acquires,
and
develops
natural
resource
properties.
The
mineral
resource
properties
of
the
Company
are
located
in
the
Yukon
Territory
of
Canada,
Armenia
and
Myanmar.
For
the
three
months
ended
3/31/01,
revenues
increased
28%
to
$2.7
million.
Net
loss
decreased
39%
to
$273
thousand.
Revenues
reflect
an
increase
in
the
sale
of
gold
in
Armenia.
Lower
loss
reflects
a
decrease
in
operating
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Anil Agarwal | Chairman | Deb Dandyopadhyay | Pres,
CEO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|