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Silver News

Dundee signs $50m forward gold sale

By: Henry Lazenby     29th September 2016 Canadian firm Dundee Precious Metals has amended the $80-million Tranche C component of its revolving credit facility (RCF) to align with the improved construction and commissioning schedule of the Krumovgrad gold project, in Bulgaria, after it received the final construction permit early last... 

White Rock unveils ‘game-changer’ equity raising to advance NSW, Alaska projects

By: Mariaan Webb     28th September 2016 Minerals explorer White Rock is seeking to raise $5.74-million through the placement of shares and an entitlement offer to fund studies and exploration at projects in New South Wales and in Alaska. The company will raise $1.62-million in a placement of ordinary shares to investors and up to... 

Austral restarts Casposo precious metals mine

By: Henry Lazenby     28th September 2016 ASX- and TSX-V-listed Austral Gold is restarting operations at its Argentina-based Casposo gold/silver project, based on the results of an updated reserve estimate. As at June 30, Vancouver-based Austral reported compliant proven and probable reserves of 972 000 t grading 2.53 g/t gold and 231... 

Aquila discovers new ore zone at Back Forty

By: Henry Lazenby     28th September 2016 TSX-listed project developer Aquila Resources has made a new discovery of gold and zinc mineralisation near its Back Forty project, in Michigan's Upper Peninsula. The Toronto-headquartered company on Tuesday reported the assay results of two discovery holes of mineralisation that could... 

In first Canadian foray, Denham enters into $65m partnership with project developer JDS Silver

By: Henry Lazenby     27th September 2016 Private equity firm Denham Capital has agreed to back private project developer JDS Silver by providing $65-million to complete construction and bring into production the Silvertip mine, in northern British Columbia. At a 30% zinc-equivalent grade, the Silvertip project has one of the... 

Skeena completes acquisition of Mount Rainey Silver

By: Henry Lazenby     24th September 2016 Junior explorer Skeena Resources' acquisition of Mount Rainey Silver has closed, giving it access to mineral claims covering the past-producing, underground Prosperity–Porter Idaho–Silverado silver property, in north-west British Columbia’s ‘Golden Triangle’. Mount Rainey Silver's primary asset... 

Cerro Vanguardia mine

By: Sheila Barradas     23rd September 2016 A gold mine in Santa Cruz province, southern Patagonia, Argentina. 

Cerro  Vanguardia mine

Rambler ramps up output, meets or exceeds most 2016 targets

By: Henry Lazenby     22nd September 2016 Rambler Metals and Mining has met or exceeded most of its production targets for the 2016 fiscal year ended July 31 at its flagship Ming mine, in Newfoundland and Labrador. While copper concentrate grades at 26.9% fell just short of the lower end of its targeted 27% to 29% guidance, gold and... 

Trevali expands high-grade Santander deposits, makes new hanging wall discovery

By: Henry Lazenby     21st September 2016 The TSX-listed stock of base metals producer Trevali Mining has risen to a new 52-week high after the company reported positive exploration results from its Santander mine, in Peru. Vancouver-based Trevali reported results from twelve new drill holes of the ongoing 2016 underground exploration... 

South African ‘Mining Hall of Fame’ on way – Swanepoel

By: Martin Creamer     20th September 2016 A South African ‘Mining Hall of Fame’ is on the way. Revealing this at a pre-Joburg Indaba presentation on Tuesday, chairperson Bernard Swanepoel noted that South Africa was odd mining jurisdiction out in not having a mining hall of fame. 

South African ‘Mining Hall of Fame’ on way – Swanepoel
Photo by Duane Daws
Joburg Indaba chairperson Bernard Swanepoel

Updated PFS shows Seabridge’s KSM profitable at current prices

By: Henry Lazenby     20th September 2016 British Columbia-focused Seabridge Gold has published an updated preliminary feasibility study (PFS) on its Kerr-Sulphurets-Mitchell (KSM) project, updating the project capital and operating costs to the 2016 economic environment. The company said on Monday that, building on a similar treatise... 

Primero reports exploration upside

By: Henry Lazenby     20th September 2016 The TSX-listed stock of precious metals producer Primero Mining on Monday rose as much as 4% after it reported positive exploration results at its Black Fox mine, in Ontario, as well as at its San Dimas mine and the Lechugilla concession, in Mexico. Vancouver-based Primero reported that initial... 

Miners find investment boost in crowdfunding for venture capital

By: Creamer Media Reporter      15th September 2016 Crowdfunding is an innovation that is slowly catching up with the mining industry. Some old investors may think it's odd for the sector; some might typically associate it with young people raising funds online for worthy causes or to realise and sell inventions. 

Buenaventura says new mine to kick off production in November

By: Reuters     15th September 2016 Peruvian precious metals miner Buenaventura expects its Tambomayo mine to produce its first bar of gold in November and reach full output at the end of this year or the start of next, the company said late on Wednesday. Renzo Macher, Tambomayo's project manager, told reporters on the sidelines... 

Policy environment failing South African mining – professor

By: Martin Creamer     15th September 2016 South Africa’s policy environment is failing its mining industry, which is suffering an inability to attract investment. In terms of the weighted average cost of capital (WACC), South Africa is trailing many other mining jurisdictions owing to its unstable political economy. 

Policy environment failing South African mining – professor
Photo by Duane Daws
Southern African Institute of Mining and Metallurgy mineral economics division chairperson Professor Michael Solomon

World’s hottest stock is a 430% rally in a Peruvian silver miner

By: Bloomberg     15th September 2016 The most impressive advance in the stock market this year is a little-known Peruvian miner that rode the comeback in silver. 

World’s hottest stock is a 430% rally in a Peruvian silver miner

Pan American Silver encouraged by Argentina president meeting

By: Henry Lazenby     15th September 2016 Under a favourable investment and legal framework in Argentina, primary silver producer Pan American Silver (PAS) remains committed to the safe and environmentally responsible development of the world class Navidad silver deposit, located in Argentina’s Chubut province, the company affirmed on... 

CME Group says to launch precious metals spread, ratio contracts

By: Reuters     15th September 2016 CME Group announced on Wednesday it is launching three new contracts to begin trading on October 24, pending review. CME Group is launching the first-ever precious metals spread and ratio futures contracts, said Miguel Vias, CME Group's head of precious metals. 

Volvo places self-driving truck in operation at underground mine 

By: Irma Venter     14th September 2016 The Volvo Group has put a fully autonomous truck to the test at underground operations at the Kristineberg mine, 100 km from Arvidsjaur, in northern Sweden. The mine was opened in 1940 and is the oldest in operation in the Boliden area. A polymetallic ore containing zinc, copper, lead, gold and... 

Volvo places self-driving truck in operation at underground mine
The Volvo FMX self-driving truck enters operations at the Kristineberg mine

Alacer studies second mine in Turkey

By: Mariaan Webb     14th September 2016 TSX- and ASX-listed Alacer Gold is advancing a second project in Turkey to detailed study phase, following the completion of a prefeasibility study (PFS), which demonstrates the Gediktepe project’s technical and financial feasibility. The PFS established a maiden resource and reserve for the... 

Mining needs disruptive digital change, Electra Mining conference hears

By: Martin Creamer     12th September 2016 The mining industry, which has a past of intervening with key technologies at critical times, is currently at an important leverage point that requires disruptive change. Envisaged is that disruptive change will be supported by the interaction of people, process and technology and definitely not... 

Mining needs disruptive digital change, Electra Mining conference hears
Photo by Duane Daws
Telstra Mining Services head Jeanette McGill

Week-long hearings over Bear Creek’s Santa Ana arbitration claim get under way

By: Henry Lazenby     10th September 2016 Oral representations regarding Bear Creek Mining’s international arbitration claims against the Peruvian government and its 2011 expropriation of the Santa Ana silver project have gotten under way in Washington, DC. The hearings started Wednesday and are expected to continue until September 14 at... 

Pan American Silver attains project expansion milestones in Mexico

By: Henry Lazenby     9th September 2016 Primary silver producer Pan American Silver (PAS) has achieved critical milestones at two mine expansion projects in Mexico. The Vancouver-based miner said the new 618-m-deep shaft at the La Colorada mine was commissioned in fully automatic mode in early September, ahead of schedule. 

Santacruz subsidiary gets exclusive rights to develop Mexico-based silver mine

By: Samantha Herbst     7th September 2016 Mexico-focused silver miner Santacruz Silver Mining Impulsora Minera Santacruz, a wholly owned subsidiary of Mexico-focused silver miner Santacruz Silver Mining, has entered into an agreement that will see the company acquire the exclusive rights for 15 years to explore, develop and mine the... 

Kerrisdale declares short position in First Majestic Silver

By: Henry Lazenby     1st September 2016 Hedge fund firm Kerrisdale Capital has declared short positions in and own option interests on the stock of Canadian primary silver producer First Majestic Silver on Thursday. Kerrisdale published a report highlighting its belief that the miner is in a “speculative frenzy” and that the company’s... 

Argentina seeks to unify regulations to spur mining investments

By: Reuters     1st September 2016 The Argentine government wants to unify mining regulations under a proposed federal law that would permit openpit mines to operate throughout the country as part of an effort to jump-start investment in the sector, a government official said. Argentina has fallen behind its mineral-rich... 

Junior miners to outperform majors, with silver miners taking the lead

By: Henry Lazenby     1st September 2016 Small-cap miners are expected to outperform their large-cap counterparts in the coming years in terms of financial health and share prices, as most commodity prices improve over the coming years to 2020, shows new analysis from BMI Research. According to the firm’s newly published outlook for... 

Aurcana reports positive PEA on Texas-based Shafter silver mine

By: Henry Lazenby     1st September 2016 Project developer Aurcana Corp on Wednesday announced positive project economics for restarting the Shafter silver project, in Texas. The Shafter project was put on care and maintenance in December 2013, partly as a result of depressed silver prices. 

American Eagle coin August sales fall yr/yr as prices ease

By: Reuters     1st September 2016 US Mint sales of American Eagle gold coins in August fell 42% from a year ago while silver coin sales dropped to the lowest since late-2013, as bullion prices came off the highest in more than two years, government data showed on Wednesday. The US Mint sold 58 500 oz of American Eagle gold coins... 

Carbine increases Jorc resources at Mount Morgan by 215%

By: Samantha Herbst     30th August 2016 A 215% increase in the Joint Ore Reserves Committee resources at the Queensland-based Mount Morgan gold-copper tailings project to 850 000 oz highlights the potential to increase the project’s mine life and production, says owner Carbine Resources. 

Schwalbe

     26th August 2016 Focused on providing products and services whilst ensuring competitiveness in quality, reliability and price, South Africa-based drilling equipment supplier Schwalbe’s product lines have been supplied to and tested, with favourable results, by companies such as gold producer AngloGold Ashanti,... 

Schwalbe

Anglo Pacific reports strong interim results as royalty income rises

By: Henry Lazenby     25th August 2016 Royalty streaming firm Anglo Pacific Group has reported strong results for the first half of 2016, more than doubling free cash flow and narrowing its net loss, which was helped by a weaker pound and higher royalty income. For the interim period ended June 30, the London, UK-based firm reported a... 

Australian silver outlook strong as global supply falls – Investigator Resources

     24th August 2016 The outlook for Australian silver development and production has risen to its best in years with the owner of one of the country’s highest grade discoveries pointing to a 35% price increase in the commodity in just the past 12 months. Addressing a mining forum in Brisbane on Wednesday,... 

Timmins Gold extends San Francisco mine life to 2023

By: Henry Lazenby     24th August 2016 Mexico-focused gold miner Timmins Gold has completed a new Canadian National Instrument 43-101-compliant technical report on its San Francisco gold mine, extending the mine life out to 2023. The Vancouver-based company on Monday announced a new mine plan for the asset that is expected to generate... 

PNX fully funded to complete Hayes Creek PFS

By: Mariaan Webb     22nd August 2016 Base and precious metals explorer PNX Metals has received strong support from new investors and existing major shareholders in its latest share placement, raising $1.5-million to fund the completion of its prefeasibility study (PFS) for its flagship Hayes Creek project, in the Northern... 

Company looks to strengthen position

By: Nadine James     19th August 2016 Despite the current depressed commodities market, Certified Reference Materials (CRMs) producer African Mineral Standards (AMIS) has had a successful year and intends to continue to strengthen its position as a market leader in order to maximise its growth once the market improves. As part of its... 

Company looks to  strengthen position
SIGNIFICANT STOCK AMIS stocks a wide range of certified reference material which are sourced from naturally occurring raw materials worldwide

Congress key to addressing socioeconomic challenges

By: Nadine James     19th August 2016 Owing to the increasing relevance of the geosciences field and the insights and solutions to global socioeconomic challenges it holds, the thirty-fifth International Geological Congress (IGC) –  to be held at the Cape Town International Convention Centre from August 27 to September 4 –  is... 

Congress key to addressing socioeconomic challenges
PASSING THE TORCH The Thirty-fourth IGC president Neil Williams symbolically handing over the IGC to current copresident Professor Richard Viljoen

Decline in ore grades grows interest in geometallurgy

By: Nadine James     19th August 2016 The concept of geometallurgy is being researched by State-owned mineral research council Mintek’s Mineralogy division, owing to the global mining industry’s challenge of confronting declining grades and low-grade orebodies. The current lack of exploration, in addition to the finite number of... 

Decline in ore grades grows interest in geometallurgy
NOSIPHIWO NYAMANE Geometallurgical modelling absorbs a wider range of specialists, increasing opportunities for geologists and consulting companies
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