Junior company First Western Minerals (VSE) has acquired a 49% interest in a gold project within the Mazaruni-Potaro district of northern Guyana. The project covers a prospecting licence, known as the…
Record gold production of 318,171 oz. in 1994 generated $33.2 million in operating cash flow for Royal Oak Mines (TSE). Net earnings for the year amounted to $22.1 million on revenue of $162.1 million…
Toronto-based Sikaman Gold Resources (TSE) has concluded negotiations with Cormine S.E.P. to acquire a 100% interest in the Neuquen and Cerro Mayal gold projects in the province of Neuquen, Argentina….
The board of directors of Battle Mountain Gold (NYSE) has authorized development of the Phoenix project at the Battle Mountain gold complex in Nevada. The open-pit, heap-leach project is centred aroun…
As part of a feasibility study of the Goldfields project in northern Saskatchewan, Greater Lenora Resources (TSE) will carry out three drill programs concurrently. A 16,400-ft. infill program is alrea…
The Metates gold deposit in Mexico’s Durango state hosts a preliminary inventory of more than 200 million tonnes grading 1.2 grams of gold equivalent per tonne. Gold and silver account for about 80% a…
During the first half of March, metal markets shrugged off the downturn in prices that afflicted them in February. Physical demand for all metals was even stronger as processors took advantage of the …
A letter of intent has been signed between La Serena Copper-Gold S.A. and Regeena Resources (VSE), which allows the latter to obtain an option to earn a 70% interest in La Cucaracha, a copper-gold pro…
Underground exploration at Breakwater Resources’ (TSE) El Mochito mine in Honduras has led to a 24% boost in minable reserves. Drilling of the five active mining zones in the second half of 1994 resul…
Field crews have identified several gold targets on Yamana Resources’ (TSE) holdings in the Vanguardia district of Santa Cruz province in southern Argentina. An epithermal alteration system exceeding …
Toronto-based TVX Gold (TSE) has paid about US$47 million for Greek-based Kassandra Mines. The company’s assets, situated on the Chalidiki peninsula in northeastern Greece, include mining concessions …
Having received approval for development from federal and provincial governments, Cogema Resources has decided to proceed with the McClean Lake uranium project in Saskatchewan. The company and its par…
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