| Business Summary | | Aries
Ventures,
Inc.,
formerly
known
as
Casmyn
Corporation,
is
engaged
on
mineral
resource
development.
As
of
and
subsequent
to
September
30,
1998,
the
Company
has
been
focusing
on
its
gold
mining
operations
in
Zimbabwe.
The
Company
conducts
its
mining
operations
in
Zimbabwe
through
its
wholly
owned
subsidiary
organized
in
Zimbabwe,
Casmyn
Mining
Zimbabwe
(Private)
Ltd.
In
addition,
the
Company
is
currently
implementing
programs
to
improve
production,
increase
reserves,
reduce
expenditures,
and
maximize
operating
profits
and
cash
flows. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Aries
Ventures
Inc.
engages
in
the
acquisition
and
exploration
of
precious
and
base
metal
resource
properties
in
Zimbabwe,
Zambia
and
South
Africa
and
makes
water
purification
systems
through
its
investment
in
VETI.
For
the
nine
months
ended
6/30/99,
revenues
decreased
17%
to
$2.9
million.
Net
loss
applicable
to
Common
decreased
59%
to
$7.1
million.
Revenues
reflect
a
lower
average
selling
price
of
gold.
Lower
loss
reflects
the
absence
of
a
$5
million
loan
guarantee
loss. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1998 Pay | |
| Mark Zucker, 37 Pres,
CEO, | $120K | Robert Weingarten, 46 CFO
and Sec. | -- | Dollar amounts are as of 30-Sep-1998 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
|
|