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Silver News

Peruvian miner Buenaventura posts $70.7m Q1 profit

By: Reuters     28th April 2017 Peruvian precious metals miner Buenaventura reported a $70.7-million profit in the first quarter of 2017, up 37% from its $51.6-million profit in the same period last year, the company said on Thursday. 

Consulting engineering’s viability proportional to mining’s growth

By: Nadine James     28th April 2017 The consulting engineering industry’s sustainability and growth are largely dependent on and proportional to the mining industry’s sustainability and growth respectively, says industry body Consulting Engineers South Africa (Cesa). Cesa CEO Christopher Campbell notes that the success or decline... 

Consulting engineering’s viability proportional to mining’s growth
CHRISTOPHER CAMPBELL The current impasse between South Africa’s government and its mining industry needs to be resolved

Greater emphasis on ensuring sustainability

By: Nadine James     28th April 2017 Engineering expertise can be used to generate socioeconomic gains for mining companies, particularly in jurisdictions that are dependent on the finite business of mineral extraction, states global engineering and infrastructure advisory firm Aurecon, an adviser to the African mining sector.... 

Greater emphasis on  ensuring sustainability
ECONOMIC TRANSFORMATION Engineering innovation could transform mining assets into new business opportunities

Mining consulting outlook stable to positive – consultancy

By: Nadine James     28th April 2017 The short-term outlook for the mining consulting industry is “stable to positive”, says SRK Consulting, a firm of consulting engineers and scientists. SRK partner and principal consultant Andrew van Zyl stresses that the South African economy is still in a transitional phase which – combined with... 

Mining consulting outlook stable to positive – consultancy
ANDREW VAN ZYL Increasingly complex deposits will require thorough and expert technical knowledge, increasing the need for mining consultants

Higher prices revive Capstone outlook for Minto mine

By: Henry Lazenby     27th April 2017 Vancouver-based base metals producer Capstone Mining believes that copper prices have risen and stabilised enough to warrant it keeping the Minto mine, in Canada’s Yukon Territory open until at least 2020, and perhaps beyond. The company has been threatening to close the mine because of low metal... 

Despite slower growth, China still key market for miners and Africa

By: Keith Campbell     21st April 2017 There can he no doubt that, for the past two decades-and-a-half or so, the biggest single influence on the global mining industry has been China. Between 2002 and 2012 that country experienced an annual average real gross domestic product (GDP) growth rate of 10.4%, as against India’s 7.6%, the... 

Despite slower growth, China still key market for miners and Africa

Ascendant lifts El Mochito mill throughput 17% since Dec buy; sees output rise 41% by Q4

By: Henry Lazenby     19th April 2017 Since acquiring the west-central Honduras-based El Mochito zinc/lead/silver mine about four months ago, Canadian miner Ascendant Resources has leveraged its management team’s experience to immediately turn the operation around, giving it a growth platform generating free cash flow. Once the crown... 

Ascendant lifts El Mochito mill throughput 17% since Dec buy; sees output rise 41% by Q4
Ascendant Resources is ramping up output at its flagship El Mochito mine, Honduras

Americas Silver gains momentum in transition to low-cost producer by 2018

By: Henry Lazenby     19th April 2017 Bolstered by improving silver and base metals prices, junior miner Americas Silver is in the home stretch to deliver on a four-year turnaround strategy at its two operating mining complexes in Sinaloa state, Mexico and Idaho, in the US. “We have a lot of intrinsic value that’s about to be... 

Americas Silver gains momentum in transition to low-cost producer by 2018

Primero closes higher on expected San Dimas restart Tuesday

By: Henry Lazenby     18th April 2017 The TSX-listed stock of precious metals producer Primero Mining on Monday gained as much as 13.5% as investors anticipate a restart of the flagship San Dimas mine, in Mexico. The strike by unionised employees at San Dimas had halted mining and milling operations since February 15. 

Goldplat to take dispute with Rand Refinery to the courts

By: David Oliveira     14th April 2017 Aim-listed Goldplat earlier this month said it would take immediate legal action against Rand Refinery. This follows after an independent expert’s report concerning the ongoing contractual dispute between the two companies supported Goldplat’s assertions that it has fulfilled its obligations,... 

Sierra Metals lifts Bolivar, Cusi resources

By: Henry Lazenby     13th April 2017 Toronto- and Lima-listed Sierra Metals has updated the compliant resources and reserves for both its Bolivar and Cusi copper mines, in Mexico’s Chihuahua state. At Bolivar, the Toronto-based miner reported a new probable reserve of 4.3-million tonnes grading 1.18% copper equivalent comprising... 

Rio Tinto to proceed with Antipa’s Citadel farm-in

By: Megan van Wyngaardt     12th April 2017 Mining giant Rio Tinto, through its Rio Tinto Exploration subsidiary, has elected to proceed to the second stage of a farm-in agreement for ASX-listed Antipa’s Citadel project, in Western Australia. The second stage of the farm-in will see the miner invest $8-million of exploration expenditure in... 

LatAm water scarcity, pollution to drive more stringent enviro rules

By: Henry Lazenby     12th April 2017 New analysis by the research arm of the Fitch Group, BMI, forecasts water scarcity and contamination in Latin America will drive increasingly stringent environmental regulations in the region over the coming years. While increasing the costs for miners and delaying certain projects, the focus on... 

LatAm water scarcity, pollution to drive more stringent enviro rules

Pan American Silver 'optimistic' Argentine mine may reopen

By: Reuters     7th April 2017 Canadian miner Pan American Silver is "optimistic" that it can negotiate the reopening of its Navidad mine, which was closed by officials in the Argentine province of Chubut, the company's chairperson Ross Beaty said on Thursday. The project has been on hold since 2013 when it ran afoul of... 

Arizona Mining reports robust PEA results, sets production target for 2020

By: Henry Lazenby     4th April 2017 Canadian mineral exploration and development company Arizona Mining has published robust economics from a preliminary economic assessment (PEA) for its Taylor zinc/lead/silver sulphide deposit, located on the 100%-owned Hermosa project, in Arizona. The PEA, published Monday and prepared by... 

Nevsun exploration continues Harena expansion beyond current resource, finds new regional targets

By: Henry Lazenby     4th April 2017 An ongoing exploration campaign by Eritrea-focused base metals miner Nevsun Resources has extended the current Harena satellite deposit by 150 m beyond the current resource estimate. “The new drilling demonstrates that the already sizeable Harena resource extends 150 m beyond its currently... 

Goldplat, Rand Refinery to take contract dispute to court 

By: David Oliveira     4th April 2017 Aim-listed Goldplat on Tuesday said it would take immediate legal action against Rand Refinery. This follows after an independent expert’s report concerning the ongoing contractual dispute between the two companies supported Goldplat’s assertions that it has fulfilled its obligations, acted in... 

Endeavour Silver a step closer to developing fifth mine based on positive reserve estimates, PFS

By: Henry Lazenby     4th April 2017 The TSX-listed stock of primary silver producer Endeavour Silver rose as much as 7% on Monday after the company released an updated National Instrument (NI) 43-101-compliant reserve estimate and positive preliminary feasibility study (PFS) for its Terronera silver/gold project, located 40 km... 

OceanaGold reports fewer reserves as Haile holds key to the upside

By: Henry Lazenby     31st March 2017 TSX- and ASX-listed OceanaGold on Thursday reported an updated reserve statement showing an 8% decline in proven and probable reserves to 5.04-million ounces of gold, reflecting mine depletion that was partly offset by reserve replacement in New Zealand. Silver reserves increased by 12% to... 

How Spanish immersion placed resource hunter Aurania on trail of Ecuador’s ‘lost cities’

By: Henry Lazenby     30th March 2017 Junior explorer Aurania Resources is hot in pursuit of finding the last two of seven ‘lost cities’ in Ecuador abandoned by he Spanish conquistadors centuries ago. With the Toronto-headquartered company on the cusp of closing a C$6-million financing led by Maison Placements Canada and Red Cloud... 

How Spanish immersion placed resource hunter Aurania on trail of Ecuador’s ‘lost cities’
Photo by Aurania Resources
Dr Keith Barron president and CEO Aurania Resources in Ecuador

Mining showing tentative improvement off low base – chamber

By: Martin Creamer     30th March 2017 The fourth quarter mining financial statistics data released by Statistics South Africa (Stats SA) confirm the tentative improvement in the sector’s financial conditions during 2016, but off a very low 2015 base and with huge swings in performance. In 2016 rand terms, mining’s profits before... 

Mining showing tentative improvement off low base – chamber
Photo by Duane Daws
Chamber of Mines economist Henk Langenhoven

El Salvador Congress approves law prohibiting metals mining

By: Reuters     30th March 2017 El Salvador's Congress on Wednesday approved a law prohibiting all metal mining projects in a bid to protect the poor Central American country's environment and natural resources. The new law, which enjoyed cross-party support from 70 lawmakers, blocks all exploration, extraction and processing... 

Goldcorp, Barrick creating another NuevaUnión-like JV at close to discovery cost

By: Henry Lazenby     28th March 2017 Canadian gold majors Goldcorp and Barrick Gold on Tuesday announced a series of transactions that will result in the creation of a new 50:50 joint venture (JV) over a new project located in the Atacama region of Chile, that combines Barrick and Kinross Gold’s Cerro Casale project, with Exeter... 

Goldcorp, Barrick creating another NuevaUnión-like JV at close to discovery cost

Sandstorm acquires 22 NSR royalties in Q1

By: Henry Lazenby     24th March 2017 Canadian gold streaming and royalty company Sandstorm Gold has acquired 22 net smelter return (NSR) royalties during the first quarter of 2017 for $1.9-million in cash. The assets include royalties on development-stage, advance exploration-stage and other exploration-stage projects located in... 

Excellon reports Q4 loss despite lifting output while fighting water ingress

By: Henry Lazenby     23rd March 2017 Mexico’s highest-grade silver miner Excellon Resources has narrowed its loss for the three months ended December 31, while lifting silver-equivalent output 20%. The Toronto-headquartered company recorded a net loss of $55 000, compared with a net loss of $1.7-million in the comparable period of... 

Excellon reports Q4 loss despite lifting output while fighting water ingress
Photo by Excellon Resources
Platosa ore, Mexico

Nevsun finds more mineralisation at Eritrea-based Bisha, satellite deposits

By: Henry Lazenby     23rd March 2017 Canadian base metals producer Nevsun Resources has found more mineralisation at its flagship Bisha mine and satellite deposits in Eritrea, on the Horn of Africa. Drilling undertaken in 2016 has increased the inferred resource at the Harena deposit by nearly 130% to 25-million tonnes grading 0.93%... 

Nevsun finds more mineralisation at Eritrea-based Bisha, satellite deposits
Photo by Nevsun Resources
Bisha, Eritrea

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

By: Henry Lazenby     23rd March 2017 Canadian gold royalties and streaming firm Franco-Nevada Corp has recorded a 37.6% increase in revenue for 2016, boosted by record ounces delivered and soaring sales. The company, which derives income from 107 producing royalties and streams, achieved a 30.9% increase in gold-equivalent ounces... 

Canadian royalties, streaming firm Franco-Nevada reports rising revenues as it looks to diversify

Silver Wheaton board recommends name change as it rakes in record precious metals revenues

By: Henry Lazenby     22nd March 2017 The pioneer of the metals streaming mine financing model Silver Wheaton has proposed a name change to Wheaton Precious Metals, to better reflect the fact that an increasing proportion of its revenue is derived from gold. The Vancouver-based company on Tuesday said that, since 2013, it had seen a... 

Silver Wheaton board recommends name change as it rakes in record precious metals revenues

Trilogy pulls the trigger on high-grade copper Arctic prefeasibility study

By: Henry Lazenby     20th March 2017 Alaska-focused mineral explorer Trilogy Metals will undertake a prefeasibility study (PFS) on the Arctic project, in Northwest Alaska – one of the highest-grade copper deposits known in the world with an average grade of 6% copper equivalent. "The PFS will demonstrate the true value of the... 

Growing output, rising precious metal prices to benefit Maverix

By: Henry Lazenby     17th March 2017 Maverix Metals, a relatively newly TSX-V-listed royalty vehicle created last July, when Canadian miner Pan American Silver spun out its royalty portfolio, populating it with some of its management, is positioned to grow output and leverage rising precious metals prices over the coming years. The... 

Growing output, rising precious metal prices to benefit Maverix

Buoyant investment demand drives silver price higher

By: Henry Lazenby     16th March 2017 New analysis by Washington-based, The Silver Institute, has found strong investment support drove strong price performance for silver during 2016, a trend that has continued this year. The silver price has started 2017 on a positive tone, rising by roughly 9% since the beginning of the year. This... 

Buoyant investment demand drives silver price higher

Scotgold adjusts Cononish gold, silver project development plan

By: Natasha Odendaal     16th March 2017 Following the completion of a bankable feasibility study (BFS) for the Cononish gold and silver project, in Scotland, in 2015, Aim-listed Scotgold Resources has elected to adopt a phased project development option. The development of the mine is now based on a two-phase project approach wherein... 

Edie Creek poised to increase output

By: Esmarie Swanepoel     16th March 2017 The Edie Creek gold/silver operation, in Papua New Guinea, is expected to reach its new 60 t/d production target during the June quarter, as ASX-listed Niuminco installed new plant and mining equipment. The junior company on Thursday noted that the new equipment included a 5 t/h ball mill, a... 

Osisko Gold Royalties reports 13% rise in Q4 headline earnings

By: Henry Lazenby     16th March 2017 Osisko Gold Royalties has reported a 13% increase in its fourth-quarter adjusted earnings, to C$6.9-million, or C$0.07 a share, beating Bay Street analysts’ average forecast of earnings of C$0.06 a share. Montreal-based Osisko, which owns a portfolio of cost-free royalties on mines such as... 

Primero stock rises as Q4 results beat forecasts

By: Henry Lazenby     16th March 2017 Precious metals producer Primero Mining’s TSX- and NYSE-listed stocks put in a strong performance Wednesday, after the company reported fourth-quarter earnings that beat analyst estimates, despite reporting a headline loss. Toronto-based Primero’s NYSE-listed shares closed up 8.13%, and gained a... 

Primero stock rises as Q4 results beat forecasts

Lowest-cost physical platinum marketplace launched

By: Martin Creamer     14th March 2017 Platinum has been added to BullionVault’s online trading marketplace, marking a first for the metal on the world’s largest online precious metals marketplace for buying, selling and storing physical gold and silver bullion. The improvement in liquidity, accessibility and pricing is expected to... 

Lowest-cost physical platinum marketplace launched
World Platinum Investment Council market development director Marcus Grubb

Silver Wheaton remains a unique offering in uncertain times 

By: Henry Lazenby     13th March 2017 As the tide turns in the resource investment space, a renewed focus on project development sees many juniors looking for cash to fund their project development goals. The world’s largest precious metals streaming firm Silver Wheaton believes it has the answer for the right junior firms: its early... 

Silver Wheaton remains a unique offering in uncertain times
Silver Wheaton president and CEO Randy Smallwood discusses the company's strategy for acquiring metal streams. Video: Henry Lazenby; Editing: Lionel da Silva.

Certification grows company’s sales, ups market share

By: Victor Moolman     10th March 2017 Valve and steel supplier Stewarts & Lloyds South Africa (S&L SA) has grown its market share in South Africa after receiving South African National Standards (SANS) certification for its RSV gate valves, reporting a 40% increase in SANS-approved valve sales since receiving certification last year. 

Certification grows  company’s sales,  ups market share
SERVICE DELIVERY Stewarts & Lloyds attributes its strategically located branch network to always being able to ensure minimal downtime for customers
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