Junior Mining News

South African Gold Producers and Mining Unions Begin Wage Talks

By Nicole Rashotte Wage talks in South Africa began on Wednesday (July 11), gathering the country’s largest gold miners and unions to discuss an increase in the underground base pay for laborers. The two groups are meeting against the backdrop of a shrinking industry that was once the largest worldwide. The National Union of Mineworkers

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Triumph Gold Closes C$5,124,000 Financing and Confirms Goldcorp Participation

By Anwesha Sengupta Triumph Gold Corp. (TSXV:TIG, OTCQB:TIGCF) (“Triumph” or the “Company”) is pleased to announce that it has completed a private placement financing of 14,641,101 units of Triumph at a price of $0.35 per unit for gross proceeds of approximately $5,124,385. Each unit consists of one common share of the Company and one half

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Glencore shareholders mull suing firm over corruption, bribery probes

By Cecilia Jamasmie As if ongoing probes on both sides of the Atlantic weren’t enough to deal with for miner and commodities trader Glencore (LON:GLEN), now a group of shareholders is mulling potential actions against the company for causing them to lose money. US law firm Quinn Emanuel, which is representing Glencore investors, said Thursday

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Velocity Issues Shares for Services

By Anwesha Sengupta Velocity Minerals Ltd. (TSXV:VLC) (“Velocity” or the “Company”) announces that the previously announced shares for services arrangement (the “Arrangement”) with GEOPS – Bolkan Drilling Services Ltd. (the “Contractor”) for underground drilling at the operating Chala Gold Mine (previous news release June 27, 2018) has been accepted for filing by the TSX Venture

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