OBITUARY — James Sibley Hastings
James Hastings, a former vice-president of Pegasus Gold, has died. He was 73.Born into a military family in Honolulu, Hawaii, in 1925, Hastings graduated from the Georgia Military Academy before being…
News
Munk wins lifetime achievement award
Barrick Gold founder Peter Munk praised the generosity of Canadian mining companies as he accepted a lifetime achievement award in mining finance for his “vision and risk-taking” and his role in makin…
DIAMOND PAGE — Jericho aims to join ranks of producers
The development of diamond mines in Canada’s North continues apace, with Tahera (TAH-T) proposing to build an operation in the new territory of Nunavut.Canada’s first diamond operation, the US$700-mil…
MINING MARKET & INVESTMENT NEWS — U.S. MARKETS — Gold tanks, some miners gain
The Dow Jones industrial average gained 65.17 points to close at 10,596.26 for the report period ended June 1. Even though weakness in the gold and copper markets continued, some mining issues had a g…
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…
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…