Lac buys copper treatment plant
Compania Minera San Jose, a wholly owned subsidiary of Lac Minerals (TSE), is paying US$22 million for a 33.3% equity interest in Refimet S.A., a Santiago-based company which owns and operates a coppe…
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Ramrod to acquire San Andreas
Toronto-listed Consolidated Ramrod Gold is poised to acquire all issued and outstanding shares of San Andreas Resources (VSE). According to an agreement in principle, one common Ramrod share plus one …
LAST BUT NOT LEAST — Crown to list Solitario
Denver-based Crown Resources (TSE) plans to list its 85.7%-owned subsidiary, Solitario Resources, on the Toronto Stock Exchange. The company filed a preliminary prospectus for an initial public offeri…
LAST BUT NOT LEAST — Crude steel output on rise
Developing countries produced 127.8 million tonnes of crude steel in 1993, up 9% from 1992, the International Iron and Steel Institute reports. It was the first year in which global production in thes…
LAST BUT NOT LEAST — Correction (April 11, 1994)
Producer Rio Algom (TSE) generated revenue of $22.1 million in 1993 from the combined disposition of its interests in El Condor Resources (VSE), St. Philips Resources (VSE) and two other portfolio inv…
Geoscientists continue international focus
With domestic work for Canadian geoscientists having diminished over recent years, many individuals and companies are being forced to broaden their horizons and search for opportunities outside the co…
LATIN AMERICAN SPECIAL — New Mexican mines producing
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…
Production planned for Mt. Hamilton
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 …
Exall, Barrick win bid for Mexican play
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…
LATIN AMERICAN SPECIAL — Major growth projected for Latin
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 …
Cypress Amax OKs Refugio
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…
Card Lake to make share consolidation
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….