The Omai gold mine of Cambior (TSE) and Golden Star Resources (TSE) in Guyana continues to serve the two companies and the South American country well. The project, which entered commercial production…
If Brazil can stay on the road to reform, mining could well prove instrumental in revitalizing the country’s economy, according to Ulrich Rath, vice-president of Rio Algom (TSE). Speaking at the recen…
The refinery of Southern Peru Copper is undergoing expansion to 228,000 from 209,000 tonnes per year. Metal Bulletin says the expansion is part of a commitment on Southern Peru’s part, following its p…
A Canadian company and a Japanese trader joined forces to acquire the Cajamarquilla zinc refinery from a state-owned Peruvian company. Cominco (TSE) and Marubeni Corp. paid US$108 million for the refi…
Drilling on Canarc Resource’s (TSE) Polaris-Taku property in northwestern British Columbia has increased the amount of contained gold to 1.15 million oz. from 1.03 million oz. The AB, Y and C veins ho…
Partners HRC Development (VSE) and Eldorado (TSE) have discovered a second mineralized stockwork system on the northern portion of their Andes gold project in Argentina. The newly discovered “Gilligan…
Infill drilling and trenching on American Gem’s (TSE) land holdings in Montana have led to a 24.5% increase in sapphire resources. The work, supervised by Toronto-based Watts Griffis & McOuat, outline…
Junior Starcore Resources (VSE) has dropped its option to earn a 70% interest in the Goodnews Bay platinum property of Alaska Platinum. Starcore conducted geophysical and geochemical surveys over the …
The mystery company previously reported to be eyeing five Peruvian prospects held by Arequipa Resources (VSE) has turned out to be none other than Phelps Dodge (NYSE), one of the world’s largest coppe…
The property assets of Peruvian Gold (VSE) in southern Peru have grown to cover 60,000 hectares. The Vancouver-based company lists leases covering four mineralized porphyries — Agua Verde, Zapanyoque…
The Chilean subsidiary of Northgate Exploration (TSE) will allow a Chilean company to explore the sulphide zones of the Choquelimpie gold property. Quilacoyan S.A. can earn a 50% interest in the prope…
Three factors lent strength to Wharf Resources’ (TSE) performance in 1994: a higher realized gold price; an increase in the amount of gold sold; and a US$1-million premium earned on advances from the …
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