Cyprus and Amax sign Russian deal
Cyprus Amax Minerals (CYM-N) and Amax Gold (AU-N) have formed a joint venture with several Russian groups to develop the Vorontsovka gold deposit, on the eastern flank of the Ural Mountains.Cyprus and…
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Uzbeks open door to investment
On a recent swing through Colorado, the president of Uzbekistan, Islom Karimov, announced that his country is soliciting bids for a group of properties in the Central Asian country. Up for bid are sev…
Museum, Hall of Fame find home in Elliot Lake
In a ceremony that attracted 150 representatives of industry and government, the Canadian Mining Hall of Fame was re-established in this historic uranium producing town.The ceremony was marked by emot…
EDITORIAL PAGE — Metals demand in the next century
Before the discovery of the Voisey’s Bay deposit in Labrador, nickel was not a common exploration target of junior companies. Now it appears to be one of the most sought-after metals in the world, wit…
Spot prices at a glance (July 08, 1996)
Wednesday, July 3, 1996Week’sPrice (US)ChangeGold*$382.50- $1.50…
Corner Bay to open
MSV Resources (MSV-T) will advance development of its Corner Bay and Copper Rand projects in Quebec’s Chibougamau camp.Work at the producing Copper Rand mine will involve exploring three mineralized h…
TORONTO STOCK EXCHANGE INDICES (July 08, 1996)
1996July 2July 1June 28June 27June 26HighLowCompo…
Phelps Dodge eyes Suaqui Verde
An agreement between Azco Mining (AZC-T) and Phelps Dodge (PD-N) will allow for exploration of the Suaqui Verde copper deposit in Mexico’s Sonora state.Phelps Dodge can earn a 70% interest in a joint-…
Goldcorp adds to reserves at Red Lake mine
Ongoing drilling at Goldcorp’s (G-T) mine in Red Lake, Ont., has outlined an additional resource of 300,000 oz. in the lower levels.Drilling has been concentrated on extending the known mineralized zo…
Merger of Rea, American to yield 200,000 oz. gold
Shareholders have approved the merger of American Resource (AREE-Q) and Rea Gold (REO-T), paving the way for the creation of a new, mid-tier gold producer.James Hogan, now chairman (formerly president…
Eldorado shareholders OK Gencor transaction
Shareholders of Eldorado Gold (ELD-T) and exploration affiliate HRC Development (HDC-V) have approved an equity-for-asset swap with Gencor, a South African-based international mining conglomerate.Eldo…
ODDS’N’SODS — This gun for hire
The Aunor gold mine, situated four miles from Timmins, Ont., and nestled between two medium-sized producing mines, attracted many job applicants when the 600-ton-per-day mill started up in January 194…