TVX buys Greek properties
Toronto-based TVX Gold (TSE) has paid about US$47 million for Greek-based Kassandra Mines. The company’s assets, situated on the Chalidiki peninsula in northeastern Greece, include mining concessions …
News
LATIN AMERICA SPECIAL — Yamana outlines gold targets in
Field crews have identified several gold targets on Yamana Resources’ (TSE) holdings in the Vanguardia district of Santa Cruz province in southern Argentina. An epithermal alteration system exceeding …
LATIN AMERICA SPECIAL — Breakwater boosts El Mochito
Underground exploration at Breakwater Resources’ (TSE) El Mochito mine in Honduras has led to a 24% boost in minable reserves. Drilling of the five active mining zones in the second half of 1994 resul…
LATIN AMERICA SPECIAL — Regeena optioning Chilean property
A letter of intent has been signed between La Serena Copper-Gold S.A. and Regeena Resources (VSE), which allows the latter to obtain an option to earn a 70% interest in La Cucaracha, a copper-gold pro…
METALS COMMENTARY — Demand for metals strengthens
During the first half of March, metal markets shrugged off the downturn in prices that afflicted them in February. Physical demand for all metals was even stronger as processors took advantage of the …
LATIN AMERICA SPECIAL — Metates poses challenges for project
The Metates gold deposit in Mexico’s Durango state hosts a preliminary inventory of more than 200 million tonnes grading 1.2 grams of gold equivalent per tonne. Gold and silver account for about 80% a…
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….
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…
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…
Financing in place for Nixon Fork
For its Nixon Fork gold project in Alaska, Consolidated Nevada Goldfields (TSE) has completed US$1.5 million in bridge financing as a 60-day cash loan from Citibank Australia. The loan will be used pa…
Nebex options two Albanian properties
Alberta-listed Nebex Resources will earn interests in two polymetallic concessions in Albania. The Calgary-based junior chose to work in the European country because of the abundance of natural resour…
LATIN AMERICA SPECIAL — Drilling program undertaken —
Copper and gold are not the only commodities being pursued by North American-based companies in Peru. Cominco Resources International (TSE), soon to be merged with its parent company Cominco (TSE), in…