Eldorado to boost production
A dramatic increase in the resource base of the Colorada gold mine has prompted owner Eldorado (TSE) to project a rise in output to 100,000 oz. by 1998. Situated in Mexico’s Sonora state, the open-pit…
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LATIN AMERICA SPECIAL — First Western acquires Honey Camp
Junior company First Western Minerals (VSE) has acquired a 49% interest in a gold project within the Mazaruni-Potaro district of northern Guyana. The project covers a prospecting licence, known as the…
CIM to preview Vietnamese mining opportunities
The Canadian Institute of Mining, Metallurgy and Petroleum is hosting a talk on mining opportunities in Vietnam at a noon luncheon on March 31. Jed Dagenais, vice president and senior mining consultan…
Royal Oak boosts output
Record gold production of 318,171 oz. in 1994 generated $33.2 million in operating cash flow for Royal Oak Mines (TSE). Net earnings for the year amounted to $22.1 million on revenue of $162.1 million…
Sikaman boosts stake in projects
Toronto-based Sikaman Gold Resources (TSE) has concluded negotiations with Cormine S.E.P. to acquire a 100% interest in the Neuquen and Cerro Mayal gold projects in the province of Neuquen, Argentina….
Prospectors vote for name change
Members of the Prospectors Club in Nova Scotia voted recently in favor of a name change: the Nova Scotia Prospectors Association. Douglas Boddy of Lower Five Islands was elected president. He is joine…
LATIN AMERICA SPECIAL — Sonoma eyes Panamanian prospect
Vancouver-based junior Sonoma Resource (VSE) can acquire a half interest in two Panamanian projects from a unit of Cyprus Amax Minerals (NYSE). The Quebrada Barro and Quebrada Iguana copper-gold prosp…
Ego secures inventory funding
Financing worth up to US$4 million has been secured by Ego Resources for startup of its Cobatec cobalt recovery plant near Cobalt, Ont. Ego has reached an agreement with Amalgamet Canada to finance it…
PEOPLE — ROYCEFIELD — John Harvey, Paul Legere and Wayne
Russell Meares appointed manager of exploration for Australia.
Phoenix project takes flight
The board of directors of Battle Mountain Gold (NYSE) has authorized development of the Phoenix project at the Battle Mountain gold complex in Nevada. The open-pit, heap-leach project is centred aroun…
Lenora drilling Althona deposit
As part of a feasibility study of the Goldfields project in northern Saskatchewan, Greater Lenora Resources (TSE) will carry out three drill programs concurrently. A 16,400-ft. infill program is alrea…
Quebec mines add lustre to MSV
Substantially higher revenue and earnings were enjoyed by MSV Resources (TSE) in 1994, compared with 1993. Greater production and improved metal recoveries enabled the company to almost double revenue…