Junior Mining News

Exclusive Insights on the Gold Market – Fri 11 May, 2018

By Cory Ned Schmidt – The Balance Between Metals Upside vs Downside Ned Schmidt, Founder of The Value View Gold Report thinks that the broad metals sector has limited downside when compared to major market averages. Ned is even more excited about silver pointing again to the net short position of spec traders and the […]

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S.Africa’s Solidarity union seeks at least 10 pct wage hikes in gold sector

By Reuters JOHANNESBURG, May 11 (Reuters) – South Africa trade union Solidarity has submitted wage hike demands in the gold sector of at least 10 percent annually over the next three years, according to a document submitted to the Chamber of Mines seen by Reuters. Solidarity only represents about 2 percent of the workforce in

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Nevada Sunrise Announces Application to Amend Warrants Terms

Nevada Sunrise (TSXV:NEV) announced today that it will make an application to the TSX Venture Exchange (the “TSXV”) to amend the terms of 2,450,000 outstanding share purchase warrants (the “Warrants”) issued on June 16, 2016 in connection with a non-brokered private placement (for further details on the private placement see Nevada Sunrise news release dated

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Northisle Announces Initial Exploration Program for Pemberton Hills Under a Farm-Out Option

NorthIsle Copper and Gold (TSXV:NCX)(“Northisle” or the “Company”) and Freeport-McMoRan Mineral Properties Canada Inc. (“Freeport”) have agreed to an initial work plan and budget for Northisle’s wholly-owned Pemberton Hills Property located on Vancouver Island, in British Columbia. The program is being fully-funded by Freeport under a farm-out Option Agreement executed earlier this year and announced

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Chile’s Caserones copper mine a pain in the neck for Japanese owners

Chile’s Caserones copper operation, majority-owned by Japan’s top smelter, JX Nippon Mining & Metals, in conjunction with fellow miner Mitsui Mining & Smelting Co., continues to be a source of pain for both companies, as they struggle to bring it to full capacity and meet profit targets. The mine, behind schedule ever since it began

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Ethiopia suspends MIDROC Gold mining license after weeks of protests

By Cecilia Jamasmie Ethiopia has suspended a mining licence for MIDROC Gold, company owned by Saudi billionaire Mohammed al-Amoudi, after more than a week of sometimes violent protests in a town near the mine. Demonstrators had blockaded roads in the country’s unruly Oromia region since April 30, preventing people from going to work and forcing

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Canadian junior to acquire gold-silver project in Mexico

Junior explorer Megastar Development (TSXV: MDV) announced today that it has signed a Definitive Option Agreement with Paradex, a private American mining exploration company, and Minera Zalamera, a private Mexican mining exploration company, to acquire 100% interest in the mineral concessions known as the Rama de Oro project located in the state of Oaxaca, southern

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