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As an independent company, Battle Mountain got a head start in its corporate life, springing from the starting block as a spin-off of The Pennzoil Company in 1985.
In Colorado, where the company had been attempting to develop a mine since 1988, progress had been delayed for two years as the company completed an environmental study and worked to resolve concerns of the local community.
Battle Mountain was brought into the joint venture in 1989 as operating partner with one-third interest.
In October 1990 Battle Mountain officials revealed that the company might have found such a mine.
In mid-1991 Battle Mountain acquired Westworld Resources, thereby gaining the company’s chief asset, its 24.5 interest in Kori Kollo.
The production facility at Kori Kollo was scheduled to be completed in 1992, and as that opening date approached Battle Mountain significantly increased its interest in the venture.
Reference (Reserve-Resource): BATTLE MOUNTAIN GOLD COMPANY 1994 ANNUAL REPORT, P 19.
Reference (Reserve-Resource): BATTLE MOUNTAIN GOLD CO. 1995 FORM 10-K REPORT, PP. 5, 6.
Reference (Deposit): 1995/96 NEVADA MINES DIRECTORY, PP. 5, 55.
In 1996 the company merged with Hemlo Gold Mines, Inc., a union that created North America’s fifth largest, and the world’s fifteenth largest, pure gold producer.
"Battle Mountain Gold Company ." International Directory of Company Histories. . Retrieved June 22, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/battle-mountain-gold-company
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