http://www.miningweekly.com

Global Mining News in real time

Silver News

First Majestic Silver announces friendly acquisition of SilverCrest Mines

By: Henry Lazenby Mexico-focused precious metals miner First Majestic Silver has agreed to acquire all of the issued and outstanding common shares of SilverCrest Mines in a cash-and-scrip deal. The company advised on Monday that the transaction would enhance First Majestic's position in Mexico, one of the world's... 

With metals slumping, investors seek miners that can weather storm

By: Reuters A slump in metals prices this week and worries over China's growth prospects have heightened investor scrutiny of whether mining companies have the ability to weather the storm ahead. China accounts for almost half of global copper demand, 70% of iron-ore consumption and vies with India to be... 

Silver Mines, White Rock mulling transaction

By: Esmarie Swanepoel Australian juniors Silver Mines and White Rock Minerals on Thursday flagged a possible corporate transaction, which could include either a merger or an acquisition. The two companies told shareholders that they had signed a heads of agreement under which Silver Mines would provide White Rock... 

Strong H1 exploration results replace Primero’s full-year depletion

By: Henry Lazenby Precious metals producer Primero Mining expects to replace full-year production with drilling from the first half of 2015 at its Black Fox complex, in Ontario, and the cornerstone San Dimas mine, in Mexico, owing to strong exploration results. At the Black Fox complex, which TSX- and NYSE-listed... 

Fortune Minerals inks restructuring accord with secured creditors

By: Henry Lazenby Canadian miner Fortune Minerals has entered into a two-pronged restructuring agreement with former funding partner LRC-FRSM (Lascaux) and its other secured creditors to settle its secured debt obligations. The TSX-listed company earlier this month announced that its subsidiary Fortune Revenue... 

Argentinian elections heat up as resource sectors offer country platform for recovery

By: Simon Rees It is likely that the new administration of Argentina, which heads to the polls later this year, will be more business friendly and market orientated, with mining and other natural resource sectors playing an increasingly significant role. “The money will start to flow in again once Argentina... 

Argentinian elections heat up as resource sectors offer country platform for recovery

Mexican export permit bungle could hurt Primero’s 2015 silver sales

By: Henry Lazenby The import and export licences of a Mexican subsidiary of precious metals producer Primero Mining were suspended in May by the Mexican customs authorities, resulting in about 880 000 oz of silver not being sold in the three months ended June. Customs authorities had suspended the licences owing... 

Mexican export permit bungle could hurt Primero’s 2015 silver sales

Amid rout, speculators bail out of gold, copper, silver – CFTC

By: Reuters Hedge funds and money managers bailed out of COMEX gold, silver and copper futures and options at the fastest pace in at least a year in the week to July 7, at the height of the commodities market's biggest rout in years, data on Friday showed. The US Commodity Futures Trading Commission data... 

Morro Bay delivers on H1 objectives, marches towards Peñoles PEA

By: Henry Lazenby Junior exploration companies had been butchered in the brutal aftermath of the Great Recession, from December 2007 to June 2009; however, one of the defining features of a successful junior explorer in today’s market was productivity. Companies making tangible progress in achieving set goals on... 

Fortune to refocus on Canadian assets following failed Colorado venture

By: Henry Lazenby While regretting the loss of its only operating asset after failing to repay its creditors, Canada’s Fortune Minerals could potentially emerge from a restructuring positioned to carry on with its flagship Canadian assets without any debt, provided that a negotiated agreement closed within the... 

Fortune to refocus on Canadian assets following failed Colorado venture

Canada’s revenue agency proposes reassessment of Silver Wheaton income tax

By: Henry Lazenby The world’s largest precious metals streaming firm Silver Wheaton intends to vigorously defend its tax filing positions, after it received a proposal from the Canadian Revenue Agency (CRA) to reassess the company under various rules contained in the Income Tax Act. In a letter dated July 6, the... 

Silver Mines reveals growth strategy

By: Esmarie Swanepoel The share price of ASX-listed Silver Mines increased by 50% on Tuesday after the company announced that it would continue with an acquisition drive. Last month, Silver Mines acquired the Conrad silver project, in New South Wales, from fellow-listed Malachite for A$350 000 and the issue of A$125... 

Fortune Minerals defaults on Colorado-based Revenue silver mine debt

By: Henry Lazenby Canadian miner Fortune Minerals has defaulted on a metals prepay agreement with its major financing partner, triggering all amounts and deliveries owing under the contract to become immediately due and payable. Fortune and its subsidiary Fortune Revenue Silver Mines (FRSMI), which owned the... 

Bowmore closes first tranche of private placement, board member resigns

By: Creamer Media Reporter TSX-V-listed Bowmore Exploration has closed the first $355 600 tranche of a nonbrokered private placement with Canadian investors. The precious metals-focused exploration mining company noted on Friday that the gross proceeds raised from the placement were to be used to incur Canadian exploration... 

McEwen Mining falls below NYSE listing requirements

By: Creamer Media Reporter Dual-listed McEwen Mining has fallen below the NYSE continued listing requirement related to the price of its common stock. "We do not believe that McEwen Mining's current share price is reflective of the true value of the company's assets. Our share price has been under pressure as a result of... 

Pershing Resources starts pilot mill testing, expects modest cash flow 

By: Tracy Hancock Reno, Nevada-based Pershing Resources had started testing its pilot mill at a facility near Kingman, Arizona, in the US, marking the achievement of a major goal for the company and shareholders, Pershing Resources CEO Steve Plumb said on Tuesday. "We have developed the beginnings of a production... 

South32 secures ICMM membership

By: Natasha Odendaal BHP Billiton spin-off South32 has successfully joined the International Council on Mining and Metals (ICMM), a move that is expected to deliver long-term benefits for the new globally diversified metals and mining company and its stakeholders. An independent expert review panel had recommended... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok

By: Martin Creamer The time had come for government and business to find ways and means of working together to end South Africa’s current economic stagflation crisis, United Nations Commission for Africa (UNCA) mineral value chain lead consultant, anti-apartheid struggle veteran and former African National Congress... 

Urgent govt, business cooperation needed to end South Africa’s crisis – Turok
ANC MP Ben Turok

Production exceeds expectations at McEwen's El Gallo mine

By: Henry Lazenby NYSE- and TSX-listed McEwen Mining has beat the top-end of its second-quarter production guidance, marking the third consecutive quarter of record output at the El Gallo mine, in Sinaloa state, Mexico. This was despite, McEwan reporting, early in the second quarter, that armed robbers stole about... 

Cost management prioritised over cash generation as commodity prices languish in the doldrums

By: Zandile Mavuso Low commodity prices worldwide have resulted in mining operations having to deal with increased pressure in the form of escalating operational costs.  

Cost management prioritised over  cash generation as commodity  prices languish in the doldrums

Malachite proceeds with New South Wales silver project sale

By: Mariaan Webb ASX-listed Malachite said on Wednesday that it was proceeding with the sale of its Conrad silver project, in New South Wales, to fellow-listed Silver Mines. Malachite already received a A$50 000 initial option payment and would receive a second payment of A$50 000 before June 30. On completion... 

Nautilus Minerals agrees to stretch PNG State JV-partner options

By: Henry Lazenby The Independent State of Papua New Guinea (PNG) would have another six months to exercise stock options that Canadian marine mining leader Nautilus Minerals had granted to its joint venture (JV) partner in the Solwara 1 offshore project. Under terms of a December 11 JV accord, the country’s... 

Bid in for liquidated Botswana copper mine

By: Martin Creamer An offer of compromise has been tabled for the acquisition of the provisionally liquidated Boseto copper operation in north-west Botswana. Botswana’s Khoemacau Copper Mining has submitted the offer to Discovery Copper Botswana and will know whether its offer has been accepted on Friday, when it... 

Bid in for liquidated Botswana copper mine

Jobless mining engineering graduates plead for look in

By: Martin Creamer Jobless mining engineering graduates are pleading for inclusion in South Africa’s mining industry in preparation for the sector’s inevitable upturn in the future. Speaking to Creamer Media’s Mining Weekly Online in a video interview on the sidelines of the Junior Indaba in Johannesburg, Society... 

Jobless mining engineering graduates plead for look in
Photo by Creamer Media
Smangaliso Musawenkosi (left) and Martin Creamer

Ball mill failure not expected to impact Endeavour Silver’s output

By: Henry Lazenby A 1 600 t/d ball mill failure at Mexico-focused mid-tier miner Endeavour Silver's Bolañitos was not expected to impact full-year output, the company announced on Friday. TSX- and NYSE-listed Endeavour said a motor failure had caused unplanned outage this week. 

South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital 

By: Martin Creamer Government geoscientists are desperately underfunded, which is depriving South Africa of the geological potential that is essential for minerals exploration. There is an absence of investment in large, regional geological exercises and masters students are not being trained in the... 

South Africa’s geoscience ‘desperately’ underfunded – Nedbank Capital
Photo by Duane Daws
Paul Miller

Marine mining could possibly reduce social and environmental impacts of terrestrial operations

By: Henry Lazenby An independent report on Nautilus Minerals’ Solwara 1 project, offshore Papua New Guinea, has found that the project has the potential to significantly reduce social and environmental impacts commonly associated with large surface terrestrial copper mines. Toronto-based Nautilus had commissioned... 

Mining engineering graduates struggling to find jobs

By: Martin Creamer After decades of undersupply, mining engineering graduates are now struggling to find employment. Even more surprising, writes Professor Emeritus Huw Phillips in the latest edition of the Journal of the Southern African Institute of Mining and Metallurgy (SAIMM), is that some of the best... 

Mining engineering graduates struggling to find jobs
Photo by Duane Daws
Huw Phillips

World Bank member invests C$4.5m in Peru-focused explorer

By: Henry Lazenby Peru-focused explorer Tinka Resources will receive a C$4.5-million investment from World Bank Group member the International Finance Corporation (IFC). IFC said on Thursday that its motivation was to help the company develop Peru's mining sector in a way that promoted job creation and local... 

Canadian Mining Eye Index slows decline – EY

By: Henry Lazenby Professional services firm EY’s Canadian Mining Eye Index had slowed its decline in the three months ended March 31, falling only 1% compared with a 12% decline in the fourth quarter last year. The index, which tracked the Canadian mining sector performance of 100 TSX- and TSX-V-listed midtier... 

Silvercorp widens FY loss as mine impairment charges weigh

By: Henry Lazenby China-focused miner Silvercorp Metals has reported a wider net loss for the 2015 fiscal year, weighted down by booking $130.3-million in impairment charges at two mines as a result of lower metals prices. For the year ended March 31, the Vancouver-based company reported a net loss of... 

First
Prev
1
2 3 4 5 6 7 8 9 Next Last
RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
R/€ = 13.81Change: 0.07
R/$ = 12.50Change: 0.06
Au 1094.52 $/ozChange: -0.83
Pt 985.00 $/ozChange: 2.00
 
Subscribe Now for $96
Subscribe Now for $96 Close