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Silver News

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

Minerals railway in Peru to take 2-3 wks to resume – govt

By: Reuters     23rd March 2017 A railway used by copper, zinc and silver mines to transport their concentrates from Peru's central Andes to port will not likely be operative for at least two to three weeks following "important" damages from floods and mudslides, the transportation minister said on Wednesday. Martin Vizcarra... 

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... 

TSX ends down as financials, commodity stocks retreat

By: Reuters     17th March 2017 Canada's benchmark stock index fell on Friday as financial stocks lost ground along with bond yields and as natural resource companies pulled back despite an uptick in commodity prices. The heavyweight financials group lost 0.6%, with insurance company Manulife Financial down 1.5% at C$24.13 and... 

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... 

Moroccan miner Managem reports 41% jump in 2016 net profit

By: Reuters     16th March 2017 Top Moroccan miner Managem reported a 41% rise in annual net profit attributable to shareholders to 289-million dirhams ($28.85-million) on Thursday. Operational improvements and a rebound in metals prices helped lift earnings, it said. 

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

Global political insecurity driving investment in gold

By: Dylan Slater     10th March 2017 Market sentiment is changing towards realising value in gold for the long term, on a global scale, as it rallies to new highs after increased, large-scale “safe-haven investment” in the commodity, says international trade credit insurance company Coface field credit analyst Bhavin Madhavji.  

BofAML warns of rising headwinds for commodities

By: Henry Lazenby     9th March 2017 Bank of America Merrill Lynch (BofAML) cast a pall on the budding optimism seen at the recent Prospectors and Developers Association of Canada’s yearly convention, in Toronto, saying that the commodity market, in general, is transitioning from tailwinds to headwinds this year. In its ‘Global... 

African mining delegation closes TSX

By: Henry Lazenby     9th March 2017 An African mining delegation, comprising government officials and mining companies, rang the closing afternoon bell of the TSX on Wednesday afternoon during the yearly Prospectors and Developers Association of Canada international convention. The delegations joined TMX Group global equity markets... 

African mining delegation closes TSX

Mining financier Silver Wheaton open to revamped Primero deal

By: Reuters     7th March 2017 Silver Wheaton would consider changing its financing deal with Primero Mining on the troubled San Dimas mine in Mexico if that would improve the "health of the asset," the mining financier's CEO said on Monday. Silver Wheaton, a Vancouver-based company that provides miners with upfront payments,... 

‘What a difference a year makes’ – analysts outline mostly strong commodity fundamentals despite uncertainty

By: Henry Lazenby     7th March 2017 “What a difference a year makes,” John Butcher, principal economist at commodity consultancy Wood Mackenzie exclaimed during a technical programme at the Prospectors and Developers Association of Canada’s yearly convention this week. While global economic growth came in at a disappointing 2.3% in... 

Stakeholder engagement key to African development success

By: Henry Lazenby     7th March 2017 Capital for development ebbs and flows with global economic cycles, pushing to the fore the need for long-term regulatory security when it comes to multinational miners developing projects in Africa, said Ashanti Gold CEO and director Tim McCutcheon during a panel discussion on Africa’s mining... 

Stakeholder engagement key to African development success

MOD Resources discovers substantial new copper zone

By: Anine Kilian     6th March 2017 ASX-listed MOD Resources has discovered significant widths and grades of copper and silver mineralisation below the T3 resource at its Botswana copper project. T3 forms part of a joint venture with Aim-listed Metal Tiger relating to an extensive holding of licences in the central and western... 

Uncertain politics, policy development permeates commodities price outlook 

By: Henry Lazenby     3rd March 2017 A common factor in the outlook for most commodities included in The Bank of Nova Scotia Commodity Price Index is the outsized near-term importance of highly uncertain politics and policy, the group’s commodity economist Rory Johnston said in a special report of the Commodity Price Index this... 

Uncertain politics, policy development permeates commodities price outlook
Photo by Reuters
Gold is expected to trend sideways for most of 2017 and 2018, as rising rates, a stronger dollar, and a generally sanguine investor outlook despite significant political uncertainty all pose headwinds for the yellow metal

Drilling services provider declares Indaba ‘great success’

By: Simone Liedtke     3rd March 2017 The 2017 Investing in African Mining Indaba was a “great success” for drilling services and equipment, including for performance tooling provider Boart Longyear, as it secured deals and has several prospective projects to follow up on, says general sales manager Andre van Heerden. 

Drilling services  provider declares  Indaba ‘great success’
TRUCORE The core-orienation tool is easy-to-use, highly accurate and features wireless communication, a corrosion-resistant steel body and a field-replaceable battery

Facilitating investor support ahead of upturn in cautious market

By: Simone Liedtke     3rd March 2017 The main goal of the 2017 Investing in African Mining Indaba was to help position businesses in industry to take advantage of the expected market upturn by securing investor support, event organiser Mining Indaba MD Alex Grose tells Mining Weekly. 

Facilitating investor support ahead of upturn in cautious market
HEART OF DEALMAKING The Investing in African Mining Indaba provides a platform for mining companies to communicate their objectives with investors

Proactive healthcare can yield a return on investment for miners

By: Simone Liedtke     3rd March 2017 Cost containment is one of the key drivers for mining companies in the current economic climate, causing medical and healthcare services to become reactive purchases, according to medical and healthcare service provider International SOS medical director Dr Charl van Loggerenberg, who spoke to... 

Proactive healthcare can yield a return on investment for miners
NOT GRUDGE PURCHASE There are tangible benefits in investing in a healthcare strategy

Tough times call for cost-saving measures

By: Simone Liedtke     3rd March 2017 Mining in South Africa is tougher and costlier than ever, with investment flowing out of the country, instead of into the industry, says transport, industrial and heating fuel provider Shell South Africa commercial lubricants business-to-business marketing manager Tendani Ndwamise. 

Tough times call for cost-saving measures
INCREASING COMPLEXITY Heavy-duty machinery and equipment in the mining sector are becoming more complex and require the highest levels of professionalism from operators and servicing technicians

Water resources under increasing pressure, bad news for mining

By: Simone Liedtke     3rd March 2017 Global water resources are being placed under increasing pressure, driven by factors like climate change and population growth, and mines risk having ‘stranded assets’ that cannot be developed without water, despite concerted corporate action and technological improvements. 

Water resources under increasing pressure,  bad news for mining
CLEMENCE MCNULTY Water is becoming a critical constraint to mine and socioeconomic development

McEwen swings back into the black on strong asset performance

By: Henry Lazenby     2nd March 2017 Precious metals producer McEwen Mining has reported a profit of $21.1-million, or $0.07 a share, for 2016, compared with a net loss of $20.5-million, or $0.07 a share, in 2015. The Colorado-incorporated miner, which operates the El Gallo mine, in Mexico, and has a 49% interest in the San José... 

US Mint gold coin sales at 14-month low in February

By: Reuters     1st March 2017 Sales of US Mint American Eagle gold coins fell to a 14-month low while silver coin sales were also sharply lower in February, the latest government data showed on Tuesday, as bullion prices rose for the second straight month. The US Mint sold 27 500 oz of American Eagle gold coins in February,... 

Mexico's Penoles swings to Q4 profit

By: Reuters     1st March 2017 Mexican miner Penoles posted a fourth-quarter net profit of 2.813-billion pesos ($136-million) on Tuesday. The miner and metals processor, which runs the world's largest primary silver producer, Fresnillo, registered a net loss of 2.74-billion pesos during the same period last year. 

Fresnillo expects delay, expanded scope for Juanicipio project

By: Henry Lazenby     28th February 2017 Mexican precious metals producer Fresnillo has revealed that the start-up date for its 56%-owned Juanicipio project is likely to be pushed out to the first half of 2019, instead of the previously targeted mid-2018 start date. Management stated on an analyst conference call on Tuesday morning that... 

First Majestic announces operational team shake-up

By: Henry Lazenby     28th February 2017 The TSX-listed stock of First Majestic Silver on Tuesday responded positively to a premarket announcement that the company has appointed VP of operations Dustin VanDoorselaere as its new COO. VanDoorselaere will take up the new position on March 1. 

Osisko diversifies portfolio with acquisition of first silver stream

By: Creamer Media Reporter      28th February 2017 TSX- and NYSE-listed Osisko Gold Royalties has acquired its first silver stream, from Taseko Mines subsidiary Gibraltar Mines’ Gibraltar copper mine, in Canada, for $33-million in cash. Osisko will make ongoing payments of $2.75/oz of silver delivered. 

Conway to step in as Primero interim CEO

By: Henry Lazenby     24th February 2017 Precious metals producer Primero Mining announced late on Thursday that the company and president and CEO Ernie Mast have agreed that Mast will leave the company by no later than March 6. He will be succeeded by former CEO Joseph Conway in the interim. Mast will help with the transition process... 

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