Date: Thu, 20 Nov 1997 22:37:55 GMT Server: Apache/1.2.4 Last-Modified: Tue, 07 Oct 1997 13:09:57 GMT ETag: "95ebc-1a7a-343a34a5" Content-Length: 6778 Accept-Ranges: bytes Connection: close Content-Type: text/html Cyprus Amax Gold Mining
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Gold

Cyprus Amax:  Refugio Mine, Chile
Conveyor system at the Refugio mine in Chile
Cyprus Amax is the largest shareholder of Amax Gold Inc. (AGI). Joint exploration agreements between AGI and Cyprus Amax facilitate exploration and development of gold properties to the benefit of both companies.
 Cyprus Amax: Fort Knox, Alaska
Leach tank construction; Fort Knox, Alaska

Current projects should push annual production to approximately 700,000 ounces per year on the way toward the goal of more than one million ounces--more than four times the 1994 level.


Cyprus Amax:  Magadan, Russia
Kubaka mine and plant; Magadan, Russia

Centerpieces of the Amax Gold-Cyprus Amax gold effort are: Refugio in northern Chile, a large surface gold mine; Fort Knox near Fairbanks, Alaska, planned as one of the largest new gold mines in North America at full production of approximately 300,000 ounces annually; and Kubaka, a 50 percent-owned project with six local partners in far eastern Russia, with output of more than 150,000 ounces per year at full production.

Other gold-producing assets are located in Chile and the western United States.


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