Goldbelt to JV Kazgold with Pegasus
Spokane-based Pegasus Gold (TSE) has agreed to a 50-50 joint venture arrangement with Goldbelt Resources (VSE) on the Kazgold tailings project in Kazakhstan. Formerly known as the Leninogorsk project,…
News
LATIN AMERICA SPECIAL — Venezuela may rebound as regional
Investor interest in juniors exploring in Venezuela has, of late, taken a 180-degree turn for the worse. Gone is the euphoria that surrounded the exploration initiative there a year ago. The cause of …
LATIN AMERICA SPECIAL — Triton breathes new life into Limon
Founded in 1991, Vancouver-based Triton Mining (TSE) is an emerging gold producer in Central America, and also holds several joint-venture exploration projects in South America. Last year in Nicaragua…
Echo Bay working Mexican project
Exploration work at the Paredones Amarillos gold project in Baja California Sur, Mexico, is proceeding at full speed. As of the end of 1994, Echo Bay Mines (TSE) had spent US$3.3 million on the proper…
Echo Bay tightens grip on Etruscan
Denver-based Echo Bay Mines (TSE) will buy more than 1.5 million shares of Etruscan Enterprises (VSE). The major will pay $4 million for the certificates, priced at $2.60 each, thereby increasing its …
LATIN AMERICA SPECIAL — Political, economic transitions
North American mining companies continued to explore and develop properties throughout Latin America during the past 12 months, their stories overshadowed sometimes by political and economic events su…
LATIN AMERICA SPECIAL — Court ruling in Newmont’s favor
An appellate court in Peru has issued a preliminary ruling in favor of Newmont Gold (NYSE) and Buenaventura (a Peruvian mining company) against France’s Bureau de Recherches Geologiques et Minieres (B…
LATIN AMERICA SPECIAL — Mill expansion approved — Omai gold
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…
LATIN AMERICA SPECIAL — Brazil’s exploration potential
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…
LATIN AMERICA SPECIAL — Southern Peru expands facility
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…
LATIN AMERICA SPECIAL — Cominco, Marubeni acquire refinery
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…
Canarc updates Polaris-Taku resource
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…