Junior Mining News

What Now?

By Brian Maher This post What Now? appeared first on Daily Reckoning. The long, dark night of the soul has ended… and joy is once again upon the land. Up 251 points yesterday, the Dow Jones set its first record high since February’s “correction.” The usual rah-rah men were in full blast. Even the president

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Northern Sphere Mining Corp. Announces Closing of Private Placement and Debt Conversion

By Anwesha Sengupta Northern Sphere Mining Corp. (CSE:NSM) (OTC Pink:NSMCF) (“Northern Sphere” or the “Company”) is pleased to announce the closing of the first tranche of its previously announced private placement. The Company issued 1,800,000 units of the Company (“Units”) at a price of $0.08 per Unit for aggregate gross proceeds of $144,000. Each Unit

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Gold exodus to reverse

By Zeal LLC Investors have pulled much capital out of gold in recent months in a major mass exodus. Their sentiment waxed very bearish as gold was pounded lower by extreme record gold-futures short selling. The latest record stock-market highs also suppressed the perceived need for diversifying portfolios with gold. But this heavy investment gold

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South Africa’s NUM union signs wage deal with AngloGold

By Reuters JOHANNESBURG, Sept 21 (Reuters) – South Africa’s National Union of Mineworkers (NUM) signed a three-year wage deal with AngloGold Ashanti on Friday, inking the same agreement that other unions reached with the company earlier in the week. The agreement will mean an effective pay hike of over 12 percent for entry-level underground workers

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Philippines halts quarry operations after deadly landslide

By Reuters MANILA, Sept 21 (Reuters) – The Philippines on Friday temporarily suspended all quarrying operations in seven regions following a landslide near a limestone quarry that killed at least 29 people, with dozens more feared trapped under the rubble. As search, rescue and retrieval operations continued at the landslide site in Naga City on

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