Junior Mining News

Glencore’s cobalt output up by almost a third thanks to Congo mines

By Cecilia Jamasmie Miner and commodities trader Glencore (LON:GLEN) reported Tuesday higher output from Katanga, its key copper and cobalt mine in the Democratic Republic of Congo. The Swiss company it produced 696,200 tonnes of copper in the first half of the year, against 642,900 in the previous year, and 16,700 tonnes of cobalt, the

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Investors Have Fallen Into a False Sense of Security

By James Rickards This post Investors Have Fallen Into a False Sense of Security appeared first on Daily Reckoning. In January 2018, two significant market events occurred nearly simultaneously. Major U.S. stock market indexes peaked and volatility indexes extended one of their longest streaks of low volatility in history. Investors were happy, complacency ruled the

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Gold Resource Corporation Announces Second Quarter Conference Call

By Anwesha Sengupta Gold Resource Corporation (NYSE:GORO) (the “Company”) today announced the timing of its 2018 second quarter earnings conference call scheduled for Wednesday, August 1, 2018. Gold Resource Corporation is a gold and silver producer, developer and explorer with operations in Oaxaca, Mexico and Nevada, USA. The Company has returned $111 million to its

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Triumph Gold Defines Gold-Rich Breccia Zone at Revenue East

By Anwesha Sengupta Triumph Gold Corp. (TSXV:TIG, OTCQB:TIGCF) (“Triumph Gold” or the “Company”) is pleased to announce the results of spring and early-summer drilling on the Company’s 100% owned, road accessible, Freegold Mountain Property in the Yukon Territory. Exploration was focused within a 6 km soil and geophysical anomaly that surrounds the Revenue and Nucleus

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Lions Bay Announces Underwriting of Elementos Placement as Step in the Creation of a Large Diversified Tin Company

By Anwesha Sengupta Lions Bay Capital Inc. (TSXV: LBI) (“Lions Bay” or “the Company”) advise the Company has agreed to underwrite a placement of 200 million shares in Elementos Ltd at A$0.006 cents a share to raise A$1.2 million. The placement is expected to be sub underwritten with closing in September. Lions Bay will be

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Pancon Provides Exploration Update for Its Advanced Stage McBride Nickel-Cobalt-Copper Project in Southern Ontario

By Hamza Ghaznavi Pancontinental Resources Corporation (TSXV:PUC) (“Pancon” or the “Company”) provides an update on exploration activities at the Company’s advanced stage nickel-cobalt-copper McBride Project (the “Project”), located in Limerick Township, 25 kilometres south of Bancroft, Ontario. The Project contains Historical Resources of an estimated 5.1 million tons of near-surface nickel-cobalt-copper mineralization that includes the

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Fresnillo soars despite profit drop on Silverstream revaluation

By Cecilia Jamasmie Shares in Mexico-focused precious metals miner Fresnillo (LON:FRES) shoot up almost 5% in afternoon trading in London after it announced a 12% increase in revenue to $1.12 billion in the first half of the year. The miner, which is the world’s largest primary silver producer and Mexico’s second largest gold company, also

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De Beers ready to begin South Africa’s Voorspoed mine closure

By Cecilia Jamasmie De Beers, the world’s largest rough diamond producer by value, said Tuesday it had decided to proceed with the closure and rehabilitation of its Voorspoed diamond mine in South Africa. The Anglo American unit, which is currently spending $2 billion on the Venetia underground diamond mining project in Limpopo, said the move

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