Junior Mining News

Poland makes biggest gold purchase since 1998 as prices slump

By Bloomberg News (Bloomberg) — Poland is making a rare charge into gold. The country added about 9 metric tons to its bullion reserves in July and August as prices dropped, International Monetary Fund data show. That’s Poland’s biggest purchase since 1998 and among the largest additions by a European Union nation since then. The

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Gold coin `Sultan’ faces death penalty as Iran hunts speculators

By Bloomberg News (Bloomberg) — A notorious Iranian gold dealer known as the “Sultan of Coins” was among three men sentenced to death this week in the strongest warning yet to officials and merchants not to exploit the country’s financial troubles as the next round of U.S. sanctions loom. The verdicts came a day after

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Japan’s Mitsui Mining expects H2 zinc output to rise 3.6 pct y/y

By Reuters TOKYO, Oct 1 (Reuters) – Mitsui Mining and Smelting Co Ltd , Japan’s biggest zinc smelter, plans to produce 114,600 tonnes of refined zinc during October-March in the 2018/19 financial year, it said on Monday, up 3.6 percent from the same period a year earlier. Zinc is used mainly as an anti-corrosive coating

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Adriatic: Drill Results Deliver High-Grade Western Extension to Mineralization at Rupice

By Scott Tibballs Adriatic Metals (ASX:ADT) has announced that it has received assay results from a further three drill holes from the current programme at Rupice in Bosnia and Herzegovina. Adriatic CEO, Geraint Harris said: “It is very exciting that these holes not only expand the mineralized footprint but also continue to confirm the continuity

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Barrick Executive Chairman increases shareholding in company to 5m Shares

By Barrick Gold Corporation TORONTO — Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) (“Barrick” or the “Company”) today announced that Executive Chairman John L. Thornton has purchased 2,271,029 additional common shares in the Company at an average price of $11.11 per share, nearly doubling his total shareholding in Barrick to 5,000,000 shares.1 Based on the exchange ratio

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After another quarterly loss, is worst over for commodities?

By Bloomberg News (Bloomberg) — Commodities just posted the longest losing streak in more than three years, and analysts and investors are giving conflicting signals over whether the worst is over. The Bloomberg Commodity Index fell 2.5 percent in the third quarter amid a stronger dollar, trade frictions and concerns over the Chinese-demand outlook. Copper

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Pacific Empire Minerals Announces Mobilization of its Drill Crew to the Moffat Property

By Scott Tibballs Pacific Empire Minerals (TSXV:PEMC), a hybrid prospect generator focused in British Columbia, has reported that its drill crews has been mobilized to the Moffat property to begin a reverse circulation drill program. According to the release, the Moffat property is situated approximately 20 km southeast of the Woodjam copper-gold-molybdenum developed prospect in

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