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Silver News

Alamos narrows Q4 loss as buoyant outlook bolsters guidance

By: Henry Lazenby     24th February 2017 Intermediate Canadian miner Alamos Gold on Thursday reported a net loss of $20.6-million, or $0.08 a share, for the three months ended December 31, citing stronger earnings from operations, offset by unrealised foreign exchange losses in both the foreign exchange and the deferred tax items. This... 

Rapid energy access needed in Southern Africa

     24th February 2017 The rebound in commodity prices should usher in new projects as well as the expansion of existing operations in Southern Africa’s mining industry, but the region, counteractively, has an insufficient power supply, says fast-track mobile turbine power provider APR Energy regional sales director... 

Hudbay narrows loss as metals prices rise

By: Henry Lazenby     23rd February 2017 Canadian base metals producer Hudbay Minerals has reported a loss of $47.3-million, or $0.20 a share, for the three months to December 31, compared with a loss of $255.5-million for the comparable period a year earlier. For the full 2016, its loss narrowed to $35.2-million, $0.15 a share,... 

Primero’s shares fall on announcement of drop in contained reserves

By: Henry Lazenby     22nd February 2017 The TSX-listed stock of Canadian precious metals producer Primero Mining on Wednesday took a 10% knock after the company announced a 24% year-over-year decrease in gold reserves. The Vancouver-based company, which operates mines in Canada and Mexico, also reported a 20% year-on-year decrease in... 

BC confirms mineral exploration tax credits in 5th balanced budget

By: Henry Lazenby     22nd February 2017 The British Columbia provincial government on Tuesday unveiled its fifth consecutive budget in the black, confirming critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark. The 2017/18 budget, which is expected to run a C$295-million... 

BC confirms mineral exploration tax credits in 5th balanced budget
Photo by Geoscience BC
The British Columbia provincial government has confirmed critical fiscal supports for the mineral exploration industry, previously unveiled by Liberal Premier Christy Clark

Equator buys Teck silver-cobalt project

By: Esmarie Swanepoel     17th February 2017 ASX-listed junior Equator Resources has acquired the Silverfields silver-cobalt mine, in Ontario, from Canadian miner Teck Corporation. Some 18-million ounces of silver was produced at the project between 1964 and 1983. 

Yamana reports Q4 profit, foresees hiatus in capital spending

By: Henry Lazenby     17th February 2017 Canadian miner Yamana Gold on Thursday said it foresees a break in significant expansionary capital spending after completion of the Cerro Moro mine, in Argentina, and the Barnat extension at the Canadian Malartic mine, in Quebec, in 2018. The Toronto-headquartered company said it is targeting... 

MAC laments Canada’s declining mining competitiveness

By: Henry Lazenby     17th February 2017 Canada's mining competitiveness is declining, while exploration and mining investment dollars are flowing offshore, a new report by the Mining Association of Canada (MAC) has found. “Very simply, Canada is not as attractive as it used to be for mineral investment and competition for those dollars... 

MAC laments Canada’s declining mining competitiveness
Photo by Agnico Eagle Mines
Agnico Eagle's Meadowbank mine, Nunavut

Convention aims to bridge communication gap

By: Simone Liedtke     17th February 2017 As a continually evolving industry that operates globally, sometimes the biggest difficulty for the mining industry is getting the right people together in one place to discuss their challenges and find ways to address and, ultimately, overcome them, says Prospectors and Developers Association of... 

Convention aims to bridge communication gap
EIGHTY-FIFTH CONVENTION Prospectors and Developers Association of Canada's 2017 convention will feature more than 400 exhibitors at the investors exchange and 500 at the trade show

Digitisation of project management imperative for project success

By: Victor Moolman     17th February 2017 Business management consultant SSG Consulting will continue to focus on project management and execution as its core business this year, with the intent of increasing its drive to further improve operational throughput of organisations and projects by 30% to 50%, despite the challenges facing the... 

Digitisation of project management imperative for project success
Photo by Duane Daws
MINE UPGRADES The adoption of big data, cloud, business intelligence, artificial intelligence, mobile technology and the digitisation of business will be the primary driver of successful organisations over the next five years

Group to split to improve customer focus

     17th February 2017 Swedish sustainable productivity solutions provider Atlas Copco will create a new company focused on mining and civil engineering, should it receive backing at its annual general meeting in April. 

Group to split to improve customer focus
STREGTHENING FOCUS Mining and Rock Excavation Technique and Construction Tools are expected to benefit from a more focused management responsibility

Localised conveyor belt supply to boost operational efficiencies

By: Simone Liedtke     17th February 2017 Over the past three to four years, metal prices have dropped precipitously and North American mining operators have been forced to implement more operational efficiencies, states conveyor belt vulcaniser product provider Shaw Almex CEO Tim Shaw. 

Localised conveyor belt supply to boost operational efficiencies
CONVEYOR BELT SOLUTION Many operators have turned to offshore conveyor belt suppliers, resulting in premature product failures and unreliable supply

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While US President Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, Trump is coming in at the “US midnight” Euro Pacific Capital analyst Peter Schiff says. Markets... 

New US President may benefit the resources sector

Rehabilitation plan important for proper project management

By: Victor Moolman     17th February 2017 Rehabilitation should be included and budgeted for in a project’s initial mine plan to ensure proper project management over the entire mine life cycle, says nonprofit organisation Land Rehabilitation Society of South Africa (LaRSSA) president Raina Hattingh. 

Rehabilitation plan important for proper project management
Photo by Victor Moolman
OFTEN NEGLEGTED Unfortunately, the need for including rehabilitation components early on in mine plans is often neglected in South Africa

New Gold misses Q4 earnings forecast as gold, silver sales sag

By: Henry Lazenby     16th February 2017 Precious metals miner New Gold has reported a headline loss of $2.3-million for the three months ended December 31, as lower gold and silver sales volumes more than offset the benefit of higher gold and silver prices and higher copper sales volumes. The Toronto-headquartered company announced... 

Major South African coal extension project on cards – South32

By: Martin Creamer     16th February 2017 A decision will be taken in the June quarter on go-ahead for the Klipspruit Life Extension coal project in Mpumalanga, which is said to have robust economics. The original BHP Billiton capital expenditure (capex) of $500-million-plus for the two-year development has been more than halved under... 

Major South African coal extension project on cards – South32
South32 CEO Graham Kerr

Kinross narrows Q4 loss as margins rise

By: Henry Lazenby     16th February 2017 Canadian miner Kinross Gold has reported a smaller headline loss for the fourth quarter ended December 31, as margins expanded on the back of higher gold sales and prices. The Toronto-based company reported an adjusted net loss of $50.9-million, or $0.04 a share, for the three-month period,... 

San Dimas workers down tools as union negotiations fail

By: Henry Lazenby     16th February 2017 Mining and milling operations at precious metals producer Primero Mining's San Dimas mine have come to a halt as unionised workers downed tools following a breakdown in negotiations between union leaders and the company. Toronto-based Primero on Wednesday said it was looking to reduce the scale... 

Canadian Zinc, NTPC to evaluate LNG power generation for Prairie Creek

By: Henry Lazenby     14th February 2017 Junior project developer Canadian Zinc has inked a memorandum of understanding (MoU) with the Northwest Territories Power Corporation (NTPC) to assess electricity supply options for the Prairie Creek zinc/lead/silver mine. Under the terms of the MoU, NTPC has agreed to work with Canadian Zinc to... 

MAG Silver reports strong exploration results at Mexico JV project

By: Henry Lazenby     14th February 2017 Precious metals-focused explorer MAG Silver has reported strong results from 13 exploration and infill drill holes that further extend wide, high-grade mineralisation in the deep zones of the Valdecañas vein system, on the Minera Juanicipio joint venture (JV) project, in which it holds a 44%... 

McEwen Mining to buy Lexam VG

By: Henry Lazenby     13th February 2017 Precious metals miner McEwen Mining will acquire Lexam VG Gold under a plan of arrangement in an all-scrip deal valued at about $54-million. McEwen Mining will pay a 30% premium to Lexam shareholders based on the TSX-listed stock’s 30-day volume weighted average price on Friday. The acquisition... 

Rye Patch delivers gold into hedge

By: Creamer Media Reporter      11th February 2017 Junior miner Rye Patch Gold has delivered 3 409 oz of gold into its hedged position at an average price of $1 275.13/oz and sold 4 804 oz of silver at $17.51/oz for gross revenue of $4.43-million. TheTSX-V-listed company also, in mid-January, received $1.2-million from its Rochester mine net... 

Orvana widens Q1 loss

By: Henry Lazenby     9th February 2017 The TSX-listed stock of copper and gold miner Orvana Minerals on Wednesday traded 12.5% lower after the company reported a widened loss for the first quarter of the 2017 financial year. The Toronto-headquartered company, which owns mines in Spain and Bolivia, reported sales of 14 060 oz of gold,... 

Amendment Bill in limbo, but processes crucial

By: Sascha Solomons     3rd February 2017 While stakeholders are waiting for the Mineral and Petroleum Resources Development Act (MPRDA) Amendment Bill to pass into law, it is important to not only comply with the current version of the MPRDA, but also to take into account the proposed amendments, comments Hogan Lovells partner and head... 

Amendment Bill in limbo, but processes crucial
WARREN BEECH Renewed consultation might eliminate some of the concerns on the Mineral and Petroleum Resources Development Act Amendment Bill

Mining Charter ‘merely draft’ – law firm

By: Sascha Solomons     3rd February 2017 Much controversy surrounds the April 2016 publication of the draft reviewed Mining Charter, but law firm Werksmans Attorneys reminds concerned stakeholders that it is still “merely in draft form”. Extensive comments were furnished from various industry stakeholders after the publication of the... 

Mining Charter ‘merely draft’ – law firm
CHRIS STEVENS The real-world implications of the revised charter will be fairly substantial for mining companies if it is published in the form in which it was published for comment in April 2016

Canada, Mexico strengthen mining ties

By: Henry Lazenby     2nd February 2017 Canada’s Natural Resources Minister Jim Carr on Wednesday inked a memorandum of understanding (MoU) with Mexico's Economy Minister Ildefonso Guajardo Villarreal to solidify the countries’ close bilateral relationship. The MoU for the mining sector will cover geoscience, clean innovation and... 

Two dead at Hochschild gold and silver mine in Peru – police

By: Reuters     31st January 2017 Two workers died when a tunnel caved in at Hochschild Mining's Inmaculada gold and silver mine, in southern Peru, on Tuesday, a police chief said on local broadcaster RPP. Citing information from the company, Miguel Angel Rivera added that a third worker was wounded in the incident at the mine... 

AME BC reports progress made on key policy issues amid rising commodity tide

By: Henry Lazenby     28th January 2017 Optimism has returned to the junior exploration industry, based on changed market fundamentals and more buoyant commodity prices, the Association for Mineral Exploration British Columbia (AME BC) president and CEO Gavin Dirom tells Mining Weekly Online in an interview. “It’s amazing what... 

AME BC reports progress made on key policy issues amid rising commodity tide
Photo by Henry Lazenby
AME BC chairperson and CEO Gavin Dirom

Court OKs Guatemala civil suit against Tahoe in BC court system

By: Henry Lazenby     27th January 2017 The Court of Appeal for British Columbia on Thursday issued a ruling that civil legal action filed by claimants from Guatemala against dual-listed Tahoe Resources can be heard in the British Columbia court system. Tahoe said it was reviewing the ruling, after which it would decide on whether to... 

Favourable mining cycle will not negate structural challenges

By: Nadine James     27th January 2017 The structural challenges facing the mining sectors of topical African mining countries, namely Zambia, Namibia, Botswana, South Africa and the Democratic Republic of Congo (DRC), will be only slightly alleviated by an improved mining cycle, says commodities consultancy Core Consultants and its... 

Favourable mining cycle will not negate structural challenges
Photo by Reuters
FRONT RUNNER The Nickel outlook is strong and base metals are expected to outperform

Further precedent set for inspectorate’s powers

By: Nadine James     27th January 2017 The Labour Court’s decision to set aside a Section 54 mine stoppage order that unjustifiably stopped operations at leading gold producer AngloGold Ashanti’s Kopanang mine, in the Free State, is pleasing, as it provides further legal precedent for the manner in which inspectors from the Department... 

Further precedent set for inspectorate’s powers
KATE COLLIER The negative impact of an unreasonable instruction or unnecessarily harsh enforcement cannot be overlooked

Juniors to battle for project development prizes at Indaba

     27th January 2017 Identifying the best junior mining companies for investors and supporting the development of new projects is at the core of the annual Investing in African Mining Indaba, says event organiser Mining Indaba MD Alex Grose. 

Juniors to battle for project development prizes at Indaba
ALEX GROSE Participating junior miners will receive feedback from a judging panel comprising members from leading investment management groups at this year’s Investment Battlefield

New equipment to be showcased

     27th January 2017 Equipment developers Volvo Construction Equipment and Terex Trucks will be represented by plant and equipment supplier Babcock at the 2017 Investing in African Mining Indaba, where it will showcase new products from the manufacturers that will be introduced this year as part of the company’s... 

New equipment  to be showcased
BIGGER AND BETTER The Volvo A60H 60 t articulated hauler is the largest of its kind in the world

Partnership to attract new investors, companies

By: Robyn Wilkinson     27th January 2017 Mining Indaba director of content Harry Chapman is confident that new investors and mining companies will be attracted to the 2017 Investment Discovery Forum (IDF) owing to its partnership with banking group Investec and investment services provider RBC Capital Markets, and programming that... 

Partnership to attract new investors, companies
FUNDING EXPANSION Guyana Goldfields will use the net proceeds of its bought deal financing to fund an expansion of its flagship Aurora gold mine in South America

Reviewed draft Mining Charter ‘unrealistic wish list’

By: Nadine James     27th January 2017 The reviewed draft Mining Charter is a stark indictment on the Department of Mineral Resources (DMR), says law firm Cliffe Dekker Hofmeyr (CDH) mining head Allan Reid, who stresses that the revisions essentially constitute an “unrealistic wish list”. He points to the local industry’s R37-billion... 

Reviewed draft Mining Charter ‘unrealistic wish list’
ALLAN REID The Department of Mineral Resources must engage meaningfully with the Chamber of Mines and other stakeholders to produce a charter that is unambiguous, viable and achievable

Geoscience BC gets C$10m boost, publishes its largest geophysical survey

By: Henry Lazenby     26th January 2017 The British Columbia government has made C$10-million in funding available over two years to further support its work encouraging mineral, coal, and oil and gas exploration investment in the province, Premier Christy Clark announced this week at the Association for Mineral Exploration’s Roundup... 

Geoscience BC gets C$10m boost, publishes its largest geophysical survey
Photo by Geoscience BC
British Columbia Premier Christy Clark _ Geoscience BC

‘Volatility is the new normal’ – Teck CEO's plan to create certainty

By: Henry Lazenby     24th January 2017 Commodity price volatility is the new normal as the mining industry is cautiously optimistic of the start of a new progressive price cycle. “The fact that volatility is the new normal is unfortunate, but real, and we have to deal with that to create certainty. We are seeing higher highs and lower... 

Teck seeking infrastructure synergies with Anglo American in Chile

By: Henry Lazenby     24th January 2017 Canada’s largest diversified miner Teck Resources has entered into negotiations with fellow diversified miner Anglo American about the potential of building a shared port, in Chile, where both miners are considering expansions at neighbouring copper mines. Teck is currently mulling an expansion... 

Teck seeking infrastructure synergies with Anglo American in Chile
Photo by Reuters
Teck Resources CEO Don Lindsay
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