EXHIBIT 10.8
December 15, 1997
Xx. Xxxxx X. Xxxxxxx
Senior Vice President, Exploration
Cyprus Amax Minerals Company
0000 Xxxx Xxxxxxx Xxxxxx
Xxxxxxxxx, XX 00000
RE: AMENDMENT TO EXPLORATION JOINT VENTURE AGREEMENT DATED AS OF JANUARY 1,
1994 AMONG CYPRUS AMAX MINERALS COMPANY, CYPRUS EXPLORATION AND
DEVELOPMENT CORPORATION, AMAX GOLD INC. AND AMAX GOLD EXPLORATION, INC.
(THE "AGREEMENT")
--------------------------------------------------------------------------
Dear Xxxxx:
Please accept this letter on behalf of Amax Gold Inc. and Amax Gold Exploration,
Inc. as evidence of our mutual agreement to extend the above referenced
Agreement pursuant to Section 12.1 of such Agreement for a period of one year,
from December 31, 1997 to December 31, 1998. Please confirm the agreement of
Cyprus Amax Minerals Company and Cyprus Exploration and Development Corporation
to such extension by executing this letter below and returning one original to
me.
Very truly yours,
S. Xxxxx Xxxxxxxxx
President and Chief Operating Officer, Amax Gold Inc. and
Senior Vice President, Amax Gold Exploration, Inc.
Mr. Xxxxx Xxxxxxx
December 15, 1997
Page 2
Agreed and accepted this _____ day of December, 1997:
CYPRUS AMAX MINERALS COMPANY and
CYPRUS EXPLORATION AND DEVELOPMENT CORPORATION
_______________________________________
Xxxxx X. Xxxxxxx
Senior Vice President, Exploration, Cyprus Amax Minerals Company and
President, Cyprus Exploration and Development Corporation
cc: Xxxxxxx X. Xxxxxxxx, Amax Gold Inc.
Xxxxxx X. Xxxx, Cyprus Amax Minerals Company
