USMX completes Goldstrike purchase

Although the purchase price was not disclosed, USMX (NASDAQ) reports it has completed the acquisition of the Goldstrike mine near St. George, Utah, from owner Tenneco Minerals.

James Knox, president of USMX, said he is pleased with the acquisition which is expected to add about 35,000 oz. gold to USMX’s 1993 production, bringing the projected company total to about 70,000 oz. per year.