After rising almost non-stop throughout 1994, most metals are showing some signs of consolidating despite the fact that inventories are starting to decline slowly but steadily. Producers of most metal…
A second phase of drilling is under way at the Tabakoto gold concession in western Mali. Nevsun Resources (VSE) is drill-testing 1,000 metres of a 2,500-metre-long zone of mineralization marked by ext…
A 300-metre drill program is planned for the Turin property in Costa Rica. Owner Osito Ventures (VSE) plans to drill-test previously identified gold mineralization. Three epithermal vein systems have …
Higher metal prices and reduced operating costs contributed to improved year-end results for Asarco (NYSE). Asarco earned US$64 million (or US$1.53 a share), compared with US$15.6 million (or US38 cen…
An unnamed “major international mining company” intends to earn a 60% interest in five of Arequipa Resources’ (VSE) copper porphyry prospects in Peru. (The major asked Arequipa not to disclose its ide…
Alberta-listed OroGrande Resources, formerly known as Trev, intends to acquire an 80% interest in the Princeza gold mine property in Brazil’s Paraiba state. The junior will spend $3.3 million and make…
Higher molybdenum and copper prices last year enabled Cyrus Amax Minerals (NYSE) to report earnings of US$175 million (or US$1.69 per share) on revenues of US$2.8 billion. That compares with earnings …
Mali has been called “West Africa’s ancient treasure chest,” and for good reason. Gold made the ancient empire of Mali one of the wealthiest in the world, and three great empires ruled in its territor…
Ghana (1) Tarkwa: 220-sq.-km concession, operating underground mine with exploration in the south for surface mines. An extensive 50,000-metre drilling program is under way consisting of 24 surface ho…
Montreal-based St. Genevieve Resources (TSE) has acquired the Jean-Gobele gold property in Guinea, West Africa. The transaction appears to be a coup for the junior as the property already hosts a pote…
Privately owned African Minerals is planning to go public with mineral projects acquired or optioned in emerging countries of Africa. Zambia and South Africa were chosen as bases of operations because…
Drilling will resume in the spring on Bronson Slope in the Iskut River district of northwestern British Columbia. Bad weather in late 1994 forced International Skyline Gold (TSE) to suspend drilling a…
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