DIAMOND PAGE — Trivalence reports loss
A sale of diamonds from the Aredor mine in Guinea has netted US$1.4 million for Trivalence Mining (TMICF-OTC).The diamonds were sold in two separate deals. In the first deal, four parcels of gem-quali…
1999
Yamana hits bonanza grades at Martinetas
Even with gold prices at a 20-year low, Yamana Resources (YAM-T) sees near-term development potential at its wholly owned Martinetas property in Argentina’s Santa Cruz province.A recent 40-hole progra…
Pangea hits high grade
Infill drilling by Pangea Goldfields (PGD-T) has encountered more high-grade gold mineralization at the Tulawaka property in Tanzania’s Lake Victoria Goldfields district.Tulawaka is a joint venture ow…
Jimmy John gets slap on wrist
In what looks like the epitome of regulatory understatement, the Alberta Securities Commission has “sanctioned” Jimmy John, the former top dog at Naxos Resources (NAXOF-OTC), for issuing “misleading” …
Barrick uses spare change to shop in junior mall
Armed with a war chest of more than US$2 billion in cash and debt facilities, mega-miner Barrick Gold (ABX-T) has gone on a shopping spree in the bargain-basement junior mining sector.In the past few …
EDITORIAL & OPINION — GEOLOGY 101 — Porphyry deposits, Pt. 2
Porphyry deposits can be found in orogenic areas such as the Canadian Cordillera, the Andes Mountains of Chile and Peru, and in the southwestern Pacific regions of the Philippines, Indonesia and Papua…
Hyder finances program
Junior Hyder Gold (HGI-V) has raised $200,000 to explore five claim blocks near the high-grade Pogo deposit in the Goodpaster district of east-central Alaska.The private placement consists of 1 millio…
EDITORIAL & OPINION — Engagement better than estrangement — China watch
A recent cover of The Economist says it all. A gigantic Uncle Sam cowering and shivering on a footstool, while a small panda bear holding a missile wearily looks up at him as if to say, “yeah right.”J…
MINING MARKET & INVESTMENT NEWS — EASTERN MARKETS — Soon-to-be-sold Brit gold leaves investors cold
Gold just can’t get a break these days. The yellow metal dropped another $4.65 over the report period ended June 1, crash-landing on the LME on the morning of June 2 at US$267.05 per oz.Even silver su…
PEOPLE — Vaaldiam
Robert Yeoman appointed director.
MOST ACTIVE ISSUES, May 26-June 1
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MABC doles out Mining Week hardware
The mining industry in Canada’s westernmost province may have little to cheer about, but the Mining Association of British Columbia put its best foot forward during its annual awards ceremony, held at…