R/€ = 15.87 Change: 0.08
R/$ = 14.06 Change: 0.11
Au 1329.40 $/oz Change: 7.33
Pt 1079.50 $/oz Change: 4.50

Silver News

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

Horomela seeks to expand its asset base, attracting investors

By: Ilan Solomons     19th August 2016 Local base metals exploration and mining aspirant Horomela last month received permission from the Department of Mineral Resources (DMR) to assess the viability of exploring a further 600 000 ha of tenements adjacent to an existing 200 000 ha of prospecting land, in the Namaqualand region of the... 

Horomela seeks to expand its asset base, attracting investors
Photo by Duane Daws
ABONGILE MDINGI The Department of Mineral Resources has given Horomela the go-ahead to survey its new tenements for copper, lead, silver, tungsten, zinc and uranium

No mining sector without geology

     19th August 2016 Mining development is one of the main areas where geoscience directly contributes to a country’s economy, with Africa expected to supply a significant portion of the world’s future mineral resources through the application of various scientific approaches, states the local organising committee... 

No mining sector without geology
ABERRA MOGESSIE The professor says geological, geochemical and geophysical investigations form the foundation for successful exploration activities

Austral to start trading on TSX-V next week

By: Creamer Media Reporter      18th August 2016 Australia-based Austral Gold has received final approval from the TSX-V to list its shares, announcing on Thursday that it would start trading on the Canadian exchange on August 22, under the symbol ‘AAM’. Trading on the TSX-V is expected to facilitate Austral’s access to a broader range of... 

Great Panther resumes operations at Topia

By: Henry Lazenby     12th August 2016 TSX-listed silver mining and exploration company Great Panther Silver has restarted operations at its Topia mine, in Durango, Mexico, following a temporary shutdown last week when the GM Javier Ramirez Vargas unexpectedly passed away. The Vancouver-based company said last week that out of respect... 

EY’s Canadian Mining Eye index surges on buoyant gold, base metals prices

By: Henry Lazenby     12th August 2016 Professional services firm EY’s Canadian Mining Eye index surged 42% during the three months ended June 30, as major miners gained 29% on the back of rising gold and base metal prices. Gold prices increased by 7% in the second quarter, compared with 16% gains in the prior period, while the major... 

Silver Wheaton lifts FY gold outlook 15% following record Q2 output

By: Henry Lazenby     11th August 2016 The world’s largest precious metals streaming firm Silver Wheaton said Wednesday it expected to produce 15% more gold this year than previously expected, as production is being boosted by strong performance from its key asset, Vale’s Salobo mine, on which it had just picked up a further gold... 

First Majestic lowers guidance, lifts capex as earnings rise

By: Henry Lazenby     10th August 2016 Primary silver producer First Majestic Silver has lowered its full-year production guidance by 11% on the back of lower expected throughput rates at its Del Toro and La Guitarra mines, in Mexico. The TSX- and NYSE-quoted company now expects to produce between 10.7-million and 11.9-million ounces... 

Tahoe shares rise on the back of record H1 revenue, cash flow per share

By: Henry Lazenby     10th August 2016 TSX- and NYSE-listed midtier precious metals producer Tahoe Resources has reported record revenues and cash flow per share for the six months ended June 30, sending its NYSE-listed stock up 9% on Wednesday to a new 52-week high. The Vancouver-headquartered company, with operations in Guatemala,... 

Franco-Nevada hits new production, revenue records; boldly beats expectations

By: Henry Lazenby     9th August 2016 Precious metals streaming firm Franco-Nevada Corp has doubled net income for the quarter ended June 30, hitting new gold-equivalent ounce (GEO) output and revenue records. The Toronto-based firm reported a 75% year-on-year surge in adjusted earnings to $40-million, or $0.22 a share, beating Wall... 

Significant cost improvements push Excellon’s adjusted earnings back in the black

By: Henry Lazenby     9th August 2016 The implementation by Excellon Resources of Phases 2 and 3 of the Platosa optimisation programme and development into higher-grade areas of the Mexican mine has resulted in significant cost reductions, and pushed the company back to an adjusted second-quarter profit. During the period, the... 

Gold steady as equities drop, Fed rate hike prospects wane

By: Reuters     3rd August 2016 Gold held on to the previous session's gains on Wednesday as Asian stocks stumbled and weak US economic data undermined expectations of a near-term interest rate hike. The metal has had a stellar year so far, surging about 28%, as investors sought the safe-haven asset amid mounting economic... 

Silver Wheaton increases gold consolidation deal to 75%

By: Megan van Wyngaardt     2nd August 2016 Through its wholly-owned subsidiary, Silver Wheaton Cayman (SWC), dual-listed silver miner Silver Wheaton is acquiring an additional amount of gold equal to 25% of the life-of-mine gold production from Vale’s low-cost Salobo gold/copper mine, located in Brazil. This is in addition to Silver... 

Silver Wheaton increases gold consolidation deal to 75%
Silver Wheaton CEO Randy Smallwood

Miner Fresnillo's CEO says silver has bottomed

By: Reuters     2nd August 2016 Fresnillo CEO said the price of silver had bottomed, and added the miner would report a stronger core profit in the second half than the first if prices remained at current levels. Silver and gold prices jumped to two-year highs in the days following Britain's vote to leave the European Union,... 

Miner Fresnillo's CEO says silver has bottomed

Western Australia mining sector picking up pace – Deloitte

By: Megan van Wyngaardt     1st August 2016 Growth is back on the agenda for Western Australian companies as leaders sharpened their focus on innovation, following a drive to achieve operational efficiencies and reduced costs, advisory firm Deloitte said on Monday. In the past financial year, the value of Western Australian-based listed... 

Chile zinc/silver project acquisition ‘timely’, says Golden Rim

By: Mariaan Webb     28th July 2016 Australia’s Golden Rim has completed the $2.29-million acquisition of the Paguanta zinc/silver/lead project, in northern Chile, where the company will start work shortly. Golden Rim, which bought 70% of the project from Herencia Resources, believes the acquisition is timely, as fundamentals for... 

Kootenay to proceed with 3 000 m drilling programme at La Cigarra

By: Samantha Herbst     22nd July 2016 With drill permits now in place, preparations for the 3 000 m drilling programme at Canadian explorer Kootenay’s 100%-owned La Cigarra silver project, in Chihuahua State, Mexico, are well under way, with expectations that drilling will commence on or by August 1. The TSX-V-listed company noted on... 

Hochschild ups guidance on back of strong quarter

By: Megan van Wyngaardt     21st July 2016 LSE-listed precious metals miner Hochschild Mining is raising its full-year production guidance by 6% to 34-million silver equivalent ounces, owing to attributable production in the second quarter exceeding expectations. The company’s operations produced 4.5-million ounces of silver and 67 000 oz... 

Fresnillo adjusts full year guidance following strong Q2

By: Megan van Wyngaardt     21st July 2016 Mexico-focused precious metals miner Fresnillo is raising its gold production guidance for the full year to 870 000 oz, following a 19.6% quarter-on-quarter increase in gold production to 218 000 oz for the three months ended June. The company on Wednesday reported a 23% year-on-year increase to... 

Silver outshines gold with robust H1 performance

By: Simon Rees     15th July 2016 While silver is sometimes called “poor man’s gold”, it has nevertheless outshone the yellow metal’s performance in recent months. Silver reached $20.47/oz on the July 11 London Bullion Market Association fix, a level not seen in almost two years. This was compared with a year-start fix of $14/oz... 

Silver outshines gold with robust H1 performance

Great Panther full-year guidance remains unchanged

By: Megan van Wyngaardt     15th July 2016 TSX-listed silver mining and exploration company Great Panther Silver expects its rate of production to remain the same for the rest of the year, following comparatively flat consolidated metal production in preceding quarters. The South America-focused miner currently mines precious metals from... 

Silver Mines to fast-track Bowdens development

By: Mariaan Webb     15th July 2016 ASX-listed Silver Mines said on Friday that it was fully funded to restart activities at the Bowdens Silver mine, near Mudgee, in New South Wales, and that it would aim to fast-track mine development. The company, which recently took full ownership of the project, said that it was revising and... 

Pneumatic equipment no longer centre stage, but still has place

By: Sebastian Whyle     15th July 2016 The uptake of pneumatic tools at mine sites has slowed, owing to new mining technology and techniques, equipment provider Borwa Mining Instruments MD Lebogang Matlou tells Mining Weekly.  

Pneumatic equipment no longer centre stage, but still has place
RIGOROUS REQUIREMENTS Mining companies are cleaning house, looking for genuine, nonfronting and reliable black-youth-owned mining suppliers

Fruta del Norte gets government go-ahead for exploitation phase

By: Henry Lazenby     14th July 2016 Canadian project developer Lundin Gold, a member of the Lundin Group of Companies, has received a nod of approval from the Ecuador government to take its Fruta del Norte project into the exploitation phase. The TSX- and OMX-listed miner said the Ecuador government had approved a ‘phase change... 

LBMA appoints new chairperson

By: Samantha Herbst     13th July 2016 Following an independent executive search procedure, the London Bullion Market Association (LBMA) has appointed Dr Paul Fisher the new chairperson of the association, effective September 5. Due to retire from the Bank of England at month end, Fisher would take the reins from LBMA’s current... 

First Majestic output drops on lower grades

By: Henry Lazenby     12th July 2016 Precious metals producer First Majestic Silver on Tuesday reported a 7.9% quarter-on-quarter drop in silver equivalent ounces (SEO) to 4.68-million ounces, as lower grades at key mines impacted on the company’s second-quarter performance. Lower output from the Santa Elena mine, which produced... 

First Majestic output drops on lower grades

New SEC ruling eases transparency reporting burden on extractive sector

By: Henry Lazenby     12th July 2016 New rules adopted late in June by issuers reporting under the US Securities and Exchange Commission (SEC) held the promise that oil, gas and mining companies operating in Canada, which file annual transparency reports, might now be able to use that same report to meet new US requirements.... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals

By: Henry Lazenby     8th July 2016 Bank of America Merrill Lynch (BofAML) has adjusted the price forecast for most mined commodities, citing increased market uncertainty favouring precious metals over the base metals pricing outlook. So far this year, mined commodities have rallied sharply, reinforcing analysts’ view that... 

BofAML rejigs commodity price deck as global economic shocks favour gold over base metals
BofAML sees increased market uncertainty favouring precious metals over the base metals pricing outlook

Reactore Solutions

     8th July 2016 Reactore is a modular ERP system that is uniquely able to integrate with all major software and hardware systems in use at the majority of mines.  The solution is written with Scala, a reactive technology, providing real time data flow for timely scheduling and management of operations and... 

Reactore Solutions

Trevali’s second zinc mine goes commercial as zinc rally beckons

By: Henry Lazenby     7th July 2016 Zinc producer Trevali Mining has declared commercial production at its Caribou mine, in New Brunswick, giving it a second producing zinc mine as an emerging supply gap for the base metal starts to widen. Located in the province’s Bathurst Mining Camp, Caribou was declared in commercial production... 

Trevali’s second zinc mine goes commercial as zinc rally beckons
Photo by Trevali Mining
Trevali Mining's Caribou zinc mine, New Brunswick

Historic data on Sunrise’s Nevada precious metals claims warrants further exploration

By: Henry Lazenby     7th July 2016 London’s Aim-listed Sunrise Resources has acquired historic data from previous explorers on the company’s Clayton silver/gold project, indicating that further drilling was indeed warranted. Historic exploration carried out in the 1980s by Freeport McMoRan and Coeur Exploration had delivered some... 

Some services firms report business revival as several commodity prices rise

By: Henry Lazenby     6th July 2016 Certain mining services providers have reported increased interest from customers on both the investor and mining side, saying the slight recovery for many major commodities so far this year had translated into improved business. “Yes, there’s definite improvement in our business, especially... 

Some services firms report business revival as several commodity prices rise
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