When the ancient Roman scholar Publilius Syrus said, “No pleasure endures unseasoned by variety,” he could well have been referring to mining companies. One trick ponies, as recent events are sure to prove again, live and die the by price of a single commodity, and as such, are more vulnerable to sudden or unexpected market movements than are polymetallic companies.

Gold prices fell Tuesday as investors sold the commodity to cover losses on global stock markets.

Nevada is the home of the new business model in gold mining: Find a past-producing mine where lots of known ore-grade material was left behind during the deflated gold price era in the later nineties, and put it back into production. It’s a straightforward approach (for mining) that has a well established track record. Harvest Gold (TSX.V:HVG) is planning just such a revival for the Rosebud Mine.

Russian mining and exploration have had a long road toward real openness since Glasnost and Perestroika were decreed by the then president of the Soviet Union Mikhail Gorbachev. And forefront of juniors making headway in modern day Russia is Golden Reign Resources (TSX.V:GRR).

Teryl Resources Corp. (TRC.V: TSX) is a diversified explorer with interests in oil and gas as well as minerals. In a global mining bull market, companies, particularly on their lows, are often undervalued. The Teryl share price recently started acting like a seismograph in the first stages of registering a tremor on the TSX charts.

Astral Mining Corp.’s (TSX.V:AST) management may well have exceeded its target. Both management and investors are likely over the moon given that the company, along with joint venture partner Kootenay Gold (TSX.V:KTN), announced some stellar results from the latest round of drilling at the Jumping Josephine (JJ) Gold Project in southeastern BC.

With money jingling in its pocket, Universal Power Corp. (TSX.V:UNX, FSE:3U2A) is ready to start exploring both in Africa and also a world away in northern Canada.

The first results from this year’s exploration are telling Goldcliff Resource Corporation (TSX.V: GCN) that the historical Hedley gold district still has plenty of life left in it.

Teryl hopes to increase revenue and market capitalization for Teryl through further exploration. It helps that Teryl is now mining in a stretch of desert foothills that once yielded approximately $1 billion in copper.

Earlier this week, Bayfield Ventures [TSXV:BYV] and Rainy River Resources [TSXV: RR] announced that they have entered into an option agreement on Bayfield’s Burns Block property, which easterly adjoins Rainy River’s 17/ODM gold zones.

Yale’s program for 2007 has now defined skarn mineralization over a strike length of 250 meters - more than doubling the length upon which previous ore estimates were based - and their work has shown that mineralization is open in all directions.

Golden Reign Resources Ltd. (TSX.V:GRR) is looking to develop Magadan’s Butarni and Dorozhni gold properties in partnership with Status LLC, the mining arm of Moscow’s CentroCredit Joint Stock Commercial Bank.