News

Larry McLean appointed director.

Three years ago, a unit of Placer Dome (TSE) formed a joint venture with Corporacion Venezolana de Guayana (CVG) to evaluate Las Cristinas, a group of properties in Venezuela’s Kilometre 88 district. …

John Tokarsky, Harold Mason, Ray Hall and James Murlock appointed directors; George Breuler elected president.

James Komadina appointed executive vice-president.

Compania Minera San Jose, a wholly owned subsidiary of Lac Minerals (TSE), is paying US$22 million for a 33.3% equity interest in Refimet S.A., a Santiago-based company which owns and operates a coppe…

The Inter-American Development Bank (IDB) of Washington, D.C., approved $6 billion in 1993 for projects in Latin America and the Caribbean. Created in 1959, the bank has approved more than $60 billion…

The march toward reform, democratic and economic, continues throughout Latin America. The pace of the reform movement may be uneven — the Brazilian economy appears to be standing on shaky legs and Cu…

Foreign influence on mining in Mexico continues to be felt with the recent openings of new gold mines. Long-time Mexican producers such as Torrez, whose foreign ownership (30%) today belongs to Homest…

Having completed a due diligence review, Cheni Gold Mines (TSE) has declined to bring to production the Summit Lake gold property near Stewart, B.C. A former producer, Summit Lake was owned by Tenajon…

With the recent closing of a $24-million financing, the Mt. Hamilton gold project in eastern Nevada is one step closer to production. Rea Gold (TSE) plans to use the net proceeds ($22.8 million) from …

Joint-venture partners Exall Resources (TSE) and American Barrick Resources (TSE) have acquired El Triunfo, a gold project on the southern tip of the Baja Peninsula. The project, which is contiguous w…

Graphite-producer Applied Carbon Technology is seeking funding to augment working capital. The Toronto-listed company has enlisted an investment banking firm to identify potential merger and acquisiti…