Mike Jones of T.H. Hoare & Co. has taken a shine to Rio Narcea Gold Mines (RNG-T), operator of the El Valle gold mine in northern Spain.In a research report, the analyst notes that the open-pit mine, …
Deteriorating copper prices have forced 60%-owner Imperial Metals (IPM-T) to negotiate the second financial restructuring package for the Huckleberry copper mine in less than a year.The open-pit mine,…
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…
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…
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…
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…
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…
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…
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…
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” …
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 …
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…
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