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  September 5, 2001
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Home > Company Index > Metals & Mining > Gold & Silver & Other Precious Metals > First Dynasty Mines Ltd.

First Dynasty Mines Ltd.
OTC: FDM
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 PROFILE
A meltdown in the price of gold has hampered First Dynasty Mines' efforts to hit the mother lode. The gold mining company explores for properties primarily in Asia and the former Soviet Union. It is focused on a development-stage operation in Armenia -- a joint venture between subsidiary FD Armenia (formerly Global Gold) and the Armenian government -- that includes the Zod and Meghradzor mines and a tailings plant in Ararat. First Dynasty plans to produce 80,000 ounces of gold annually in Armenia. The company's Canadian exploration projects are on hold, and it is looking for a joint venture partner or a buyer for those properties. First Dynasty has recently given up rights to a property in Myanmar.

 COMPETITION
AngloGold Limited (AU)
Kinross Gold Corporation (KGC)
Newmont Mining Corporation (NEM)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 8.00
1-Yr. Sales Growth: 142.4%
Employees: 140
Revenue per employee: $57,142.86

 KEY PEOPLE
• Deb Bandyopadhyay
    CEO
• Jvenkata Kanada
    CFO

 CONTACT INFO
Box 25, Commerce Court West
Toronto Ontario M5L 1A9, Canada
Phone: 1-416-863-2753
Fax: 1-416-863-2653
Online: Web Site

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