Junior Mining News

Centerra Gold Sells Royalty Portfolio and Kemess Silver Stream

By Nicole Rashotte Centerra Gold Inc. (TSX: CG) announced that its wholly-owned subsidiary, AuRico Metals Inc. (AMI), has entered into agreements with Triple Flag Mining Finance Bermuda Ltd. in connection with the sale of AMI’s royalty portfolio and a silver stream on the Kemess project for combined aggregate proceeds of US$200 million. As quoted in […]

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Eritrea ‘poison pill’ complicates miner Lundin’s aspirations -sources

By Reuters VANCOUVER/TORONTO, May 17 (Reuters) – The weak human rights record of one of Africa’s poorest countries is coming between Lundin Mining Corp and its pursuit of a prized European copper and gold asset. Cash-rich Lundin’s latest run at fellow Canadian miner Nevsun Resources Ltd is designed to bag the Timok project in Serbia,

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SEMAFO Announces Commissioning of the Boungou Mine is Underway

By Nicole Rashotte SEMAFO Inc. (TSX:SMF) announced that the commissioning of the Boungou Mine process plant is underway, with the first ore scheduled to be introduced to the mill circuit by month-end. The company expects to achieve the first gold pour at Boungou in June, slightly ahead of schedule. Highlights are as follows: Overall project

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Aethon Minerals Announces Option to Acquire the Llanos De Llahuin Project

By Scott Tibballs Aethon Minerals (TSXV:AET),has announced that it has entered into an option agreement through its wholly-owned subsidiary, Aethon Minerals Chile SpA, to acquire a 100 percent interest in the Llanos De Llahuin project in Chile. As described in the press release the project is approximately 250 km north of Santiago and is situated

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China’s Tianqi Lithium buys minority stake in SQM for $4.07bn

By Cecilia Jamasmie China’s Tianqi Lithium is buying a 24% stake in Chilean producer SQM from Canada’s Nutrien (TSX:NTR) for $4.07bn, further expanding the Asian nation’s increasing hold over the market for the key component needed in the making of batteries that power electric vehicles. “This is an attractive investment for Tianqi Lithium which fits

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Anglo close to selling part of stake in giant Peruvian copper project

By Cecilia Jamasmie Anglo American (LON:AAL) may sell close to 30% of its $5.5-billion Quellaveco project in southern Peru to Japanese companies, including Mitsubishi, which already has a 18% stake in the asset, considered the world’s next major copper mine. The miner, which has already invested over $1 billion in Quellaveco since acquiring the property

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Canuc Announces LOI for Acquisition of Oil Assets

By Hamza Ghaznavi Canuc Resources Corporation (TSXV:CDA) is pleased to advise that it has signed a letter of intent (LOI) to acquire Full Circle Energy Ltd. (“Full Circle”), an Ontario Corporation. Full Circle’s principal corporate assets consist of 6 sections of undeveloped oil prospective acreage in southwest Saskatchewan, and a Farmin agreement that references a

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Pancon Commences Exploration on Two Properties at Its Montcalm West Nickel-Cobalt-Copper Project

By Hamza Ghaznavi Pancontinental Gold Corporation (TSXV:PUC) (“Pancon” or the “Company”) has commenced exploration on two of three properties at its camp-sized Montcalm West Nickel-Cobalt-Copper Project, adjacent to Glencore’s former Montcalm Nickel-Cobalt-Copper Mine in the Montcalm Gabbro Complex, 65 kilometres west of Timmins, Ontario. The first phase of exploration will focus on the Montcalm Property,

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Spearmint Looking to Start Operations on Gold Prospects in British Columbia

By Pia Rivera Spearmint Resources Inc. (TSXV:SRJ) (OTC Pink: SPMTF) (FSE: A2AHL5) (“SRJ” or the “Company”) wishes to announce that the company is planning to commence operations shortly on its numerous gold properties in British Columbia. James Nelson, President of Spearmint states, “We look forward to starting up operations on our properties located within the

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