Junior Mining News

Cameco’s profit beat estimates on improved uranium prices, cost-cutting drive

By analyst By Cecilia Jamasmie Canada’s top uranium producer Cameco (TSX:CCO) (NYSE:CCJ) injected some optimism in the depressed yellow powder market by posting a better-than-expected quarterly profit, on the back of improved prices and its efforts to cut production to ease a current oversupply. Uranium prices have fallen more than 70% since the Fukushima disaster

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De Beers’ Namibia venture puts mine up for sale, at least 130 jobs to go

By analyst By Cecilia Jamasmie Namibia’s top diamond producer, Namdeb, a 50/50 joint venture company between the country’s government and De Beers it’s selling its Elizabeth Bay mine in a move that will affect at least 130 of its 1,700 employees. The announcement comes three weeks after the company wrote to staff offering voluntary redundancies,

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Gold price: Value of ETF bullion tops $100 billion for first time in 5 years

By analyst By Frik Els On Thursday gold lifted from the 2018 low the metal struck yesterday, exchanging hands for $1,320.40 near the close of trading. Despite recent weakness gold is still up by $75 an ounce since mid-December after large-scale speculators increased their exposure to gold on derivatives markets for the seventh week in

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