Junior Mining News

Sibanye’s S.African gold output drops, expects to recover losses by year-end

JOHANNESBURG, May 3 (Reuters) – Precious metals producer Sibanye-Stillwater’s gold output at its South African mines had been hit by by safety and operational disruptions in the first quarter, it said on Thursday, adding that it expects to regain the lost ground this year. Sibanye’s gold production in the first three months of 2018 declined

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Thirteen trapped underground at Sibanye mine following seismic event

Thirteen gold miners are trapped underground at Sibanye-Stillwater’s (JSE:SGL) (NYSE:SBGL) Masakhane mine in South Africa following a seismic event Thursday, which caused a fall of ground in an operating stope, the company said. Contact has been made with three of the workers, the firm said, adding that all efforts are being made to locate the

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Velocity Closes First Tranche of Private Placement for Gross Proceeds of $1.3 million

Velocity Minerals Ltd. (TSXV:VLC) (“Velocity” or the “Company”) announces the closing of the first tranche of its non-brokered private placement announced on March 22, 2018 (the “Financing”). The first tranche of the Financing raised aggregate gross proceeds of $1,324,365 through the issuance of 6,621,824 units (each, a “Unit”) at a price of $0.20 per Unit.

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