Junior Mining News

Sibanye says union wage demands may lead to more closures

By Bloomberg News (Bloomberg) — South Africa’s struggling gold sector would be forced to close more mine shafts if labor unions’ wage demands were implemented, according to the country’s top producer of the precious metal. The country’s gold production fell for a ninth straight month in June as rising costs, aging infrastructure and accidents affect

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Tipping point? Inflation creep at Australia’s mines to erode margins

By Reuters MELBOURNE, Aug 24 (Reuters) – As Australia’s big miners gear up for a new round of expansion after years of belt tightening, prices for everything from labour to fuel to equipment have begun to rise, driving up costs and eating into margins. Manage inflation pretty aggressively over the next 18 months otherwise it

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China’s Sichuan Road to mine copper in Eritrea starting in 2019

By Cecilia Jamasmie China’s Sichuan Road & Bridge Mining Investment Development Corp. is gearing up to kick off copper, zinc, gold and silver production in Eritrea next year, following the country’s recent end to its 20-year border war with neighbour Ethiopia. Asmara will be the third operating mine in northeast African country, home until now

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Buying Opportunity as Gold and Silver Shorts Reach Record Levels

By Common Stock Warrants Sprott Gold Report: Buying Opportunity as Gold and Silver Shorts Reach Record Levels August 23, 2018 By Shree Kargutkar, Portfolio Manager, Sprott Asset Management LP The Turkish lira has seen its value drop an astonishing 40% since the beginning of the year. The Argentine peso, the Brazilian real and the Russian

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Great Bear Resources Announces $10 Million Private Placement, Investment from Rob McEwen and McEwen Mining

By Anwesha Sengupta Great Bear Resources (TSXV:GBR, OTC:GTBDF) (“Great Bear” or the “Company”) is pleased to announce it will be conducting a private placement financing of units (“Units”), priced at $1.45 per Unit, for gross proceeds of up to $10 million (the “Financing”). Each Unit will consist of one common share and one-half of one

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Spearmint Looking to Start Operations on its Chibougamau Vanadium Prospects in Quebec Bordering BlackRock Metals

By Ashley Cowell Spearmint Resources (TSXV:SRJ) (“SRJ” or the “Company”) wishes to announce it is looking to start up operations on its 100-percent owned Chibougamau Vanadium Prospects, consisting of four separate claim blocks totaling 9,735 acres, located in the direct vicinity of Lac Chibougamau, Quebec. These properties directly border BlackRock Metals’ (private) Ilmenite vanadium project,

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BTU Acquires Dixie Halo Property Contiguous to Great Bear’s Dixie Project, Red Lake District, Canada

By Ashley Cowell BTU Metals Corp. (TSXV:BTU) (“BTU” or the “Company”) pleased to announce that the Company has acquired 10 claims comprising 85 units (1,514 hectares) adjoining the northern and eastern boundaries of Great Bear Resources Corp.’s (GBR – TSX:V) Dixie Project located in the Red Lake District of Ontario. Great Bear recently reported a

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BTU Acquires Dixie Halo Property Contiguous to Great Bear’s Dixie Project, Red Lake District, Canada

By Ashley Cowell BTU Metals Corp. (TSXV:BTU) (“BTU” or the “Company”) pleased to announce that the Company has acquired 10 claims comprising 85 units (1,514 hectares) adjoining the northern and eastern boundaries of Great Bear Resources Corp.’s (GBR – TSX:V) Dixie Project located in the Red Lake District of Ontario. Great Bear recently reported a

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