| | Business Summary | | North
Lily
Mining
Company
was
incorporated
in
Utah
in
1916
and
was
a
subsidiary
of
Anaconda
Company
from
1925
until
1949.
During
this
period,
the
Company
produced
gold,
silver,
lead,
zinc
and
copper
from
the
North
Lily
Mine
in
the
Tintic
Mining
District,
Utah.
In
1991,
the
Company
and
International
Mahogany
(Mahogany)
acquired
the
Tuina
copper
property
in
Chile,
South
America.
From
1991
until
1998,
the
Company
and
Mahogany
jointly
developed
the
Tuina
copper
project.
At
Silver
City,
Utah,
the
Company
and
Mahogany
also
operated
a
small
heap
leach
tailing
recovery
project
(the
Tintic
Project),
which
has
produced
approximately
33,000
ounces
of
gold
and
gold
equivalent
since
1988,
and
is
now
in
the
reclamation
and
closure
stages. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | North
Lily
Mining
Company
engages
in
mineral
activities,
including
exploration,
extraction,
processing,
and
reclamation
on
its
properties
located
in
Chile,
Bolivia
and
the
U.S.
For
the
nine
months
ended
9/30/00,
revenues
totaled
$375
thousand,
up
from
$51
thousand.
Net
loss
totaled
$1.3
million,
up
from
$168
thousand.
Revenues
reflect
increased
mortgage
brokerage
revenues
due
to
the
acquisition
of
Loanmining.com.
Higher
loss
reflects
costs
related
to
Loanmining.com
operations. | | More
from
Market Guide: Significant
Developments |
| | Officers | | | FY1999 Pay | |
| Stephen Flechner, 57
Pres,
CEO | $120K | W. Gene Webb, 61
Exec.
VP, Corp. Sec. | 120K | | Dollar amounts are as of 31-Dec-1999 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
|
|
