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…
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…
By the year 2000, the Caribbean and Latin America will provide a market of 600 million persons with purchasing power of US$1 trillion, states a recent issue of CanadaExport. Canadian exports to Latin …
A technical review of the Refugio gold project in Chile is in agreement with the conclusions of the previous feasibility study. The review was carried out by Cypress Amax Minerals (NYSE), the parent o…
Junior Card Lake Resources (CDN) is set to consolidate its shares and change its name. If shareholders approve the move, 10 shares of the company will be exchanged for one share of Franc-Or Resources….
With a new mining law and a geological setting similar to that which hosts most of the major copper and precious metal deposits in northern Chile, Argentina is being touted as South America’s “last mi…
The Red Mountain gold-silver project near Stewart, B.C., is the best prospect in Canada for Lac Minerals (TSE), according to Michael Bates of Lac North America. The project was the scene of considerab…
The Ontario Securities Commission has issued a receipt for a final prospectus of 8 million special warrants of Minera Rayrock (TSE). Proceeds from the sale will be about $20 million, which Minera will…
Financing for the Nixon Fork gold project in west-central Alaska is close at hand. Consolidated Nevada Goldfields (NASDAQ) plans to offer a private placement of up to $25 million in convertible debent…
Drilling by Roycefield Resources (ASE) on the Central zone of the Beaver Brook antimony-gold prospect in central Newfoundland has delineated reserves of 134,000 tons averaging 5.76% antimony and minor…
Toronto-listed Minefinders has optioned from Equinox Resources (TSE) a 51% interest in each of five gold properties in the western U.S. Four properties are in north-central Nevada and encompass 3,800 …
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