The Minera Yanacocha gold mine in northern Peru will be expanded to increase output in 1995. Newmont Mining (NYSE), which owns 38% of the mine, says production will rise to 350,000-400,000 oz. from th…
Under an option agreement, Adex Mining (TSE) can acquire up to a 60% interest in the Potts Falls gold concession in Guyana. Adex can earn the interest from Giddings Industrial Development Co., a priva…
In purchasing Westmont Gold, Consolidated Ramrod Gold (TSE) has acquired interests in several properties in the Carlin Trend of northeastern Nevada. The properties cover more than 15,000 acres and Ram…
China is expected to slap a sales levy on domestic and foreign-funded mining firms to curb the growing waste of precious state-owned mineral resources. Song Ruixiang, China’s vice-minister of mining, …
A geologist for more than 30 years, George Kenneth Polk died recently in Oliver, B.C., following a heart attack. He was 63. A native of North Bay, Ont., and raised in Rouyn-Noranda, Que., he graduated…
Filon Sur S.A., the 25%-owned Spanish gold and silver mining subsidiary of Caledonia Resources (TSE), enjoyed record profits of $1.6 million in 1993. Filon operates an open-pit, heap-leach gold and si…
Minable reserves have increased at the 1100 lens project, part of the Mobrun mine northeast of Rouyn-Noranda, Que. Audrey Resources (ME) says reserves increased by 860,000 tonnes following a 6,600-met…
Uranium miner Cameco (TSE) has been given the green light to bring three new deposits into production at its Rabbit Lake operation, 420 km north of La Ronge, Sask. The federal natural resources minist…
An expanding Gibraltar Mines (TSE) intends to acquire the Lomas Bayas copper property in Chile. The decision — part of a corporate thrust to become a multi-mine copper producer — follows a joint-ven…
Junior All-North Resources (VSE) can earn a 45% interest in El Oro, a gold property 100 km northwest of Mexico City. An agreement in principle, reached with a Mexican mining company, calls for All-Nor…
Royalty-holder Franco-Nevada Mining (TSE) has bought a 2% net smelter return royalty (NSR) in the Goldfields project from Greater Lenora Resources (TSE). The price: $2 million. The northern Saskatchew…
A new base metal zone has been outlined on the Wekusko Lake project near Snow Lake, Man. European Ventures (VSE) reports that nine holes, totaling 1,309 metres, were drilled to test seven targets. One…
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