Fort Knox Operation

Gold prices showed some strength during the April 7-13 report period, rising $3.60 to US$283.85 per oz. on the London morning fix of April 14.Gold’s rise buoyed Canada’s two biggest producers, with Ba…

Kinross Gold (K-T) will take a writedown of US$216 million against its fourth-quarter results.The writedown consists of US$104.6 million from the company’s merger with Amax Gold, US$46.9 million on th…

Alaska is enjoying an unheralded exploration boom, partly fueled by the discovery of the high-grade Pogo gold deposit, which has captured the imagination of both juniors and seniors alike. Since the b…

Metallurgical tests on an oxide sample from the the True North deposit in central Alaska have returned favorable results for La Teko Resources (LAO-T).The 50-ton sample consisted of material from both…

La Teko Resources (LAO-T) and Kinross Gold (K-T) have entered into a proposed merger whereby shareholders of La Teko will receive one Kinross share for every 2.65 shares held.The offer represents a 54…

Now that its merger with Amax Gold is complete, Kinross Gold (K-T) is the fifth-largest gold producer in North America.Pursuant to the transaction, Kinross released from escrow 38.1 million subscripti…

Through a private placement in La Teko Resources (LAO-V), Kinross Gold (K-T) has demonstrated its interest in purchasing the majority share of the True North deposit in Alaska, held by Newmont Mining …

The Fairbanks district in central Alaska is in no danger of losing its reputation for being a hotbed of mineral exploration and production.The Fort Knox gold mine is up and running, and the True North…

Like a father arranging his daughter’s dowry, the parent company of Amax Gold (AU-N) has brokered a deal that will pair it off with a Canadian producer.Colorado-based Cyprus Amax Minerals (CYM-N), whi…

Despite dwindling gold and copper prices, Cyprus Amax Minerals (CYM-N) landed in the black last year.The company earned US$69 million (or 54cents per share) on revenue of US$3.3 billion in 1997, compa…

The Fort Knox mine in Alaska recently celebrated its first gold pour.Amax Gold (AU-N) reports that the 36,000-ton-per-day mill has been approaching capacity since production began, and the company exp…

Since 1902, nearly 10 million oz. gold have been pulled from alluvial gravels in the Fairbanks district, where miners worked their way up-stream in search of the lodes that fed the placers. The old-ti…