Gold mining
Cyprus Amax Minerals Company, a leading producer of copper, coal, and molybdenum, declared a regular quarterly common stock dividend at its Board of Directors meeting. The dividend of $0.20 per share will be paid on November 1, 1995, to all shareholders of record on October 10, 1995. This announcement
Gold mining
A comprehensive gold exploration program in Cote d'Ivoire's Comoe reconnaissance permit, covering 15,000 square kilometers, has yielded encouraging results. A 70,000 line kilometer airborne magnetic and radiometric survey, completed in March, and a geochemical sampling program of 1,450 large stream sediment samples have
Mining industry
International Pursuit Corporation, a leading exploration company, reported robust results for the first half of 1995, with revenues soaring to $4,377,946, compared to $417,195 in the same period the previous year. This significant increase in revenue is largely attributed to net gains on the sale of investments,
Mining industry
Homestake Mining Company has announced plans to acquire the remaining shares of its Australian subsidiary, Homestake Gold of Australia Limited (HGAL), through a formal takeover offer. The company intends to exchange its common stock for the shares, with HGAL shareholders having the option to receive cash instead. This move aims
Mining industry
Ecuadorian Minerals Corporation has announced the appointment of Yorkton Securities Inc. as its financial advisor to evaluate possible merger, acquisition, and takeover scenarios, as well as provide financial advice on corporate development and new equity financing. Yorkton's reputation in the international mining arena is exceptional, with a history
Mining industry
The Philadelphia Stock Exchange (PHLX) is set to introduce options trading on Freeport McMoran Copper & Gold Class B (FXB) on August 7, 1995, marking a significant expansion of the exchange's offerings. This new addition is facilitated by TFM Investment Group, the exchange's largest equity options
Mining industry
Acacia Resources and Placer Pacific, two prominent gold mining companies, have highlighted growth opportunities in their respective reports for the June quarter and half. Acacia's report suggests a possible resource boost for its Sunrise Dam project in Western Australia, while Placer Pacific is nearing completion of plant commissioning
Mining industry
Freeport-McMoRan Copper & Gold Inc. (FCX) reported a significant increase in net income in the second quarter of 1995, driven by higher sales volumes and improved operational efficiency. The company's PT-FI subsidiary achieved record ore throughput, reflecting the expanded milling capacity of 118,000 MTPD. Copper recovery rates
Mining industry
Toronto-based International Platinum Corp. (IPC) has received an interim report from Behre Dolbear & Company, Inc. on the Arizona Black Rock Project (BRX), which suggests the presence of economically attractive grades of gold. Two independent laboratories commissioned by Behre Dolbear have confirmed the results, showing a high degree of correlation
Mining industry
Kyrgyzstan has secured $360 million in international credit and equity funds to enhance its gold production capabilities, with the aim of reaching 500,000 ounces per year by 1997. The funds, which are comprised of debt financing and shareholder loans, will be utilized to develop the Kumtor gold mine, one
Mining industry
Cyprus Amax Minerals Co. has made significant progress in the development of its Kubaka gold mining project in Far Eastern Russia. Partners in the joint venture have signed loan agreements totaling $100 million to finance the project, marking the first financing commitments by the U.S. Overseas Private Investment Corp.
Mining industry
Gold Capital Corp. (OTC BULLETIN BOARD: GOCP) has announced that Royalstar Resources Ltd. (Vancouver: RYQ) has completed the purchase of an additional 2.2 million shares of common stock, resulting in Royalstar owning 51% of Gold Capital. This investment of $2.5 million is the first step in financing the
