Expansion plans for Spanish smelter
A subsidary of Freeport-McMoRan Copper & Gold (NYSE) will spend US$215 million on environmental modifications and further expansion of its copper smelter in Huelva, Spain. Expansion of the smelter to …
News
AG Armeno drilling San Bartolome
Surface drilling is under way on the San Bartolome mine property in Ecuador. Ag Armeno Mines & Resources (VSE) plans an initial 10,000 ft. of drilling, including 25 holes to test to the west and north…
Francisco works Mexican ground
Diamond drillers have started work on El Sultan, a gold project in Zacatecas state in central Mexico. Francisco Gold (VSE) hopes to identify a Carlin-type, limestone-hosted, disseminated, oxide orebod…
Pilot leaching tests continue at Cieneguita gold property
Pilot leach tests are continuing at the Cieneguita gold property in southwest Chihuahua state, Mexico. Glamis Gold (TSE) can earn a 60% interest from Aquiline Resources (VSE) by carrying out a feasibi…
Armada intent on producing gold in Siberia
Armada Gold, an Alberta-listed company with one of the more advanced projects in Russia, continues to nudge its tailings property toward a production decision. Currently, the company is building a 400…
Golden Giant workers ratify agreement
Organized workers at the Golden Giant mine of Hemlo Gold Mines (TSE) have voted 70% in favor of accepting a first collective agreement. The agreement, covering 223 employees affiliated with the United…
Ramrod calls off share acquisition
Plans by Consolidated Ramrod Gold (TSE) to acquire all issued and outstanding shares of San Andreas Resources (TSE) for Ramrod shares have been cancelled. San Andreas President Peter Tsaparas provided…
NEWS ROUNDUP — Ican drilling Idaho play
Drilling has begun on Ican Minerals’ (TSE) Almaden gold mine in Idaho. The work will test a newly discovered zone which is 2,000 ft. northwest of the known orebody and 500 ft. lower in elevation. In t…
Barrick ups 1st-quarter earnings and production
Thus far into 1994, American Barrick’s (TSE) earnings statement shows every sign of outshining that of last year. For the first quarter, revenues were US$187.3 million compared with US$144.1 million i…
Habsburg modifies placement
Junior Habsburg Resources (TSE) reports that its previously announced private placement with Canaccord Capital has not been completed. Instead, Habsburg will sell, on a private placement basis, up to …
NEWS ROUNDUP — New Island in deal with Goldbar
Alberta-listed New Island Minerals (NIM) intends to acquire mining assets from CDN-listed Newfoundland Goldbar Resources (NGR). Included are 51% of the shares of Tiara Marble. NIM will retain ownershi…
Lac to triple reserves in next five years
For gold and base metal producer Lac Minerals (TSE), 1993 was a year with mixed results. Attempts to reduce cost and increase productivity were offset by after-tax provisions associated with mine clos…