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Silver News

India silver imports seen extending rebound from four-year low

By: Bloomberg     15th December 2017 Silver imports by India, one of the world’s top buyers, may keep rising next year after bouncing back this year from a four-year low in 2016, boosted by weak prices. Overseas purchases are estimated at as high as 5 500 metric tons in 2017 and may rise to about 6 000 t next year, surging from 3... 

Ivanhoe concludes Kipushi PFS, embarks on DFS

By: Natasha Odendaal     13th December 2017 TSX-listed Ivanhoe Mines has outlined the “outstanding” findings of a prefeasibility study (PFS) to revive the historic Kipushi zinc-copper-silver-germanium mine, in the Democratic Republic of Congo. The PFS, undertaken to refine the findings of the 2016 preliminary economic assessment (PEA) and... 

Cyril Ramaphosa calls for mining sector action

By: Martin Creamer     11th December 2017 South Africa must urgently break the ongoing deadlock on the regulation and transformation of the mining sector to ensure the proper use of this country’s world-class mineral resources, says Deputy President Cyril Ramaphosa. In an article on the CR17 Siyavuma campaign website, ahead of this... 

Cyril Ramaphosa calls for mining sector action
Photo by Duane Daws
Deputy President Cyril Ramaphosa

Alta Zinc says updated resource estimate supports growth strategy

By: Creamer Media Reporter      8th December 2017 ASX-listed Alta Zinc, formerly Energia Minerals, has updated the mineral resource estimate for the Colonna Zorzone deposit at its Gorno zinc project, in northern Italy.The resource estimation revision, which was commissioned to include all drilling results obtained to date, primarily focused on... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth 

By: Martin Creamer     8th December 2017 New ‘Proudly South African’ start-up Erudite Strategies has hit a rich vein of acceptance in Australia, where investors in junior mining projects in Africa are showing alacrity in taking up its unique client representative and owner’s engineer offering. Each of Erudite’s three leading lights has... 

Owner’s engineer role by ‘Proudly South African’ Erudite pleasing Perth
Mining Weekly Online’s Martin Creamer interviews Johann de Bruin, the founding director of the new project engineering company Erudite. Video: Nicholas Boyd. Video Editing: Nicholas Boyd and Lionel da Silva.

Don't expect fireworks for gold in 2018, just a gentle nudge up

By: Bloomberg     6th December 2017 Gold has its fans for next year, but sparks are probably not going to fly. Even as the Federal Reserve tightens monetary policy and the European Central Bank tapers bond purchases, gold is set to rise marginally as real interest rates stay low and the dollar weakens, according to Bart Melek,... 

Tanga to acquire Namibia zinc project, raises A$1.16m in placement

By: Mia Breytenbach     5th December 2017 ASX-listed Tanga Resources announced on Tuesday that it would acquire the high-grade Joumbira zinc project in Namibia and that it would raise A$1.16-million to fund the transaction and to start planned work programmes. The company entered into a binding option agreement to acquire 100% of the... 

Change or lose another 100 000 mining jobs – Cutifani

By: Martin Creamer     4th December 2017 Without change, the South African mining industry would lose another 100 000 jobs, said Anglo American CEO Mark Cutifani, who six years ago accurately predicted the recent 100 000 job demise in South African mining. “I'll say it again, absent of change, we’ll lose another 100 000 jobs,” the... 

Change or lose another 100 000 mining jobs – Cutifani
Photo by Duane Daws
Anglo American CEO Mark Cutifani

PNX appoints study manager for Hayes Creek project DFS

By: Natasha Odendaal     1st December 2017 ASX-listed PNX Metals has appointed engineering, consulting and contracting company GR Engineering Services as the study manager for the definitive feasibility study (DFS) of the Hayes Creek zinc/gold/silver project, in the Northern Territory. GR Engineering will be tasked with the process design... 

South32 upbeat on aluminium, manganese and energy coal prospects

By: Mia Breytenbach     1st December 2017 With the price of various commodities having improved during the 2017 financial year, diversified miner South32 remains optimistic about the aluminium, manganese and energy coal sectors for the year ahead. “Manganese led the way [in terms of price increases], and metallurgical coal, energy coal,... 

South32 upbeat on aluminium, manganese and energy coal prospects
Photo by Bloomberg
GRAHAM KERR The financial results for the 2017 financial year, with the strides we’ve made towards our sustainability, diversity and safety targets, give me confidence for the year ahead

Osisko agrees to extend Falco loan; in talks to pick up Horne 5 stream

By: Henry Lazenby     30th November 2017 Royalties and streaming firm Osisko Gold Royalties has entered negotiations with Abitibi-focused explorer Falco Resources on a precious metal streaming agreement for its Horne 5 project, following Osisko agreeing to extend a loan. TSX-V-listed Falco reported that Osisko has agreed to extend a... 

Dassault Systèmes heralding in new autonomous mining era  

By: Martin Creamer     30th November 2017 The 'mine of tomorrow' is expected to be a factory-like entity equipped with a multiplicity of autonomous devices, which are controlled by technology savvy personnel working from remote centres, attendees of the natural resources forum heard in Sandton on Thursday. The ‘mine of tomorrow’ would... 

Dassault Systèmes heralding in new autonomous mining era
Dassault Systèmes Geovia CEO Raoul Jacquand interviewed by Mining Weekly Online’s Martin Creamer on mine modernisation. Photographs: Duane Daws. Video and Video Editing: Darlene Creamer.

Lupaka kicks off Invicta PEA

By: Henry Lazenby     29th November 2017 Peru-focused gold explorer and project developer Lupaka Gold has appointed consulting engineering firm SRK Consulting Canada the lead contractor to prepare a preliminary economic assessment (PEA) on its 100%-owned Invicta gold project. Invicta is an advanced-stage gold/copper polymetallic... 

Primero finalises Cerro del Gallo development project sale to Argonaut

By: Henry Lazenby     28th November 2017 Precious metals producer Primero Mining has completed the sale of its development asset, the Cerro del Gallo mine, in Guanajuato state, Mexico, to fellow Canadian miner Argonaut Gold. Under terms of the transaction, Toronto-headquartered Primero pocketed $15-million in cash, which it advised on... 

Silvercorp to repurchase 5% of outstanding equity

By: Henry Lazenby     24th November 2017 China-focused precious metals miner Silvercorp Metals has announced a normal course issuer bid for up to 5% of its outstanding equity. The company aims to repurchase 8.4-million of the total of 168.19-million outstanding shares, as at last Thursday. The share buyback programme will run for 12... 

Company offers mine to market solutions

     24th November 2017 Combining concept-to-completion expertise with design and major project delivery capabilities for the minerals and metals sector, from bulk commodities to rare earths, professional services provider WorleyParsons offers its customers complete mine-to-market solutions from inception to... 

Company offers mine  to market solutions
MULTIDISCIPLIANRY APPROACH WorleyParsons takes a multidisciplinary approach, with teams comprising experts to identify challenges early and produce tailored strategies that mitigate risks

South32 intent on resolving Appin, Cannington challenges

By: Mia Breytenbach     23rd November 2017 Having acknowledged challenges at its Australia operations, particularly at the Appin metallurgical coal mine in Illawarra, New South Wales, diversified miner South32’s focus remains on resolving operational challenges and improving operational efficiency. “We had an unacceptable year as we... 

Santacruz restarts Veta Grande mill

By: Henry Lazenby     23rd November 2017 TSX-V-listed Santacruz Silver Mining has restarted operations at its Veta Grande mill, located in Zacatecas state, Mexico. The mill had been standing idle since November 3, when the Mexican Environmental Protection Agency halted operations until certain licencing documentation related to the... 

Northern Vertex files PEA on expanded Moss mine plan

By: Henry Lazenby     23rd November 2017 Canadian project developer Northern Vertex has filed a preliminary economic assessment (PEA) with securities regulators examining the merit of building an expanded operation at its 100%-owned Moss gold/silver mine, in Arizona. First published in October, the PEA sets out the technical and... 

Operations at Santacruz’s Veta Grande Mill temporarily suspended

By: Samantha Herbst     20th November 2017 The Mexican Environmental Protection Agency (Profepa) has issued a notice temporarily suspending operations at TSX-V-listed Santacruz Silver Mining’s Veta Grande Mill until appropriate documentation has been filed with regulatory bodies confirming that Santacruz’s Mexican operating subsidiary,... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA

By: Dylan Slater     17th November 2017 Mining policies imposed by the Department of Mineral Resources (DMR) on local industry are creating increased uncertainty for investors, a growing number of whom are considering investing in mining projects and exploration in other countries, with a greater chance of a healthier return on... 

'A good number of investors' considering countries offering better return-on-investment prospects than SA
Photo by Duane Daws
PAUL MILLER A significant volume of additional capital needs to be earmarked for every new mining project to account for risk associated with policy uncertainty

Glencore is said close to creating mining royalty company

By: Bloomberg     15th November 2017 Glencore is close to finalising a $700-million deal with the Ontario Teachers’ Pension Plan to create a new base-metals royalty company, according to people familiar with the matter. The Swiss commodity giant will bring royalty agreements from about 10 mines, while Ontario Teachers’ will... 

Glencore is said close to creating mining royalty company
Photo by Duane Daws
Glencore CEO Ivan Glasenberg

Wheaton Precious Metals posts 20% dip in Q3 profit

By: Henry Lazenby     10th November 2017 The world’s largest precious metals streaming firm Wheaton Precious Metals (WPM) has reported a 20% year-on-year drop in profit, as lower attributable production and lower metals prices weighed on the bottom line. For the three months ended September, the Vancouver-based company recorded net... 

Wheaton Precious Metals posts 20% dip in Q3 profit

Political tension slows mining activity in Tanzania

By: Victor Moolman     10th November 2017 Despite the fact that political tension in Tanzania has impacted the mining industry, with several operations subsequently closing, SEW-EURODRIVE continues to have a strong presence in the country, with Tanzania as its main hub for East Africa. SEW-EURODRIVE South Africa national sales manager... 

Political tension  slows mining activity in Tanzania
NORMAN MALEKA There will be demand for after-sales support in Tanzania, owing to new industries established in the country

Bristow, Friedland may go head-to-head in on-stage copper-gold debate

By: Martin Creamer     7th November 2017 Dr Mark Bristow of Randgold Resources and Robert Friedland of Ivanhoe Mines may go head-to-head in a live on-stage gold-versus-copper debate at the Investing in African Mining Indaba event at the Cape Town International Convention Centre from February 5 to 8, Mining Indaba MD Alex Grose disclosed... 

Bristow, Friedland may go head-to-head in on-stage copper-gold debate
Photo by Creamer Media
Investing in African Mining Indaba MD Alex Grose (right) and Martin Creamer

Canadian junior mining sector riding renewed wave of confidence

By: Henry Lazenby     7th November 2017 Despite signs of improved investor confidence in Canada's prolific junior mining sector – mainly driven by rising consumer technology demand for resources – analysts are warning that the market recovery is in a delicate phase and will require discipline to survive until more substantial commodity... 

Canadian junior mining sector riding renewed wave of confidence

Franco-Nevada rises on earnings beat

By: Henry Lazenby     7th November 2017 Investors have rewarded precious metals royalty and streaming firm Franco-Nevada by pushing its NYSE-listed equity up 6.5% on Monday, following the company reporting a stronger-than-expected third-quarter profit. Headquartered in Toronto, Franco-Nevada reported adjusted net income of... 

Integra seals DeLamar acquisition, gains TSX-V listing

By: Henry Lazenby     4th November 2017 Exploration company Integra Resources has closed the cash-and-scrip acquisition of its flagship DeLamar gold and silver project, in Southern Idaho, from a subsidiary of Kinross Gold, it advised on Friday. Under terms of the acquisition, Integra paid Kinross C$7.5-million in cash and issued... 

Hudbay net earnings rise 22% as output rises in Manitoba, Peru

By: Henry Lazenby     2nd November 2017 Canadian base metals miner Hudbay Minerals has posted a 22% improvement in third-quarter profit as the company's Manitoba and Peru operations produced more metals at lower costs. The Toronto-headquartered company reported a net profit of $40.9-million, or $0.17 a share, for the three months ended... 

Americas Silver drives up output as costs fall

By: Henry Lazenby     2nd November 2017 Canadian miner Americas Silver has reported strong production results for the three months ended September, as it ramps up production at the San Rafael deposit, in Mexico, for processing through the El Cajón mill. The Toronto-based company reported on Tuesday that consolidated silver output for... 

Ivanhoe agrees to rehabilitate critical rail line in DRC

By: Natasha Odendaal     30th October 2017 TSX-listed Ivanhoe Mines is preparing to rebuild the 34 km of rail track that connects the Kipushi zinc/copper/silver/germanium mine with the Democratic Republic of the Congo’s (DRC’s) national railway at Munama, south of Lubumbashi. Under terms of a memorandum of understanding (MoU) with DRC... 

Shared vision needed for mining to boost entire economy – Mgojo

By: Martin Creamer     24th October 2017 A collective national vision, which must be viable, inclusive and transformative, is urgently needed to unleash mining’s latent ability to energise the entire South African economy, Chamber of Mines president Mxolisi Mgojo said on Tuesday. Speaking at a media lunch, Mgojo emphasised the folly of... 

Shared vision needed for mining to boost entire economy – Mgojo
Photo by Duane Daws
Chamber of Mines president Mxolisi Mgojo

Kiziltepe output beats feasibility forecast by 6%

By: Mariaan Webb     23rd October 2017 The Kiziltepe joint venture (JV) mine, in Turkey, has performed better than forecast in its first quarter of commercial production, with gold and silver output and sales exceeding feasibility study estimates by 6% on an a yearly basis. The Kiziltepe mine, in which Ariana Resources and Proccea... 

Kiziltepe output beats feasibility forecast by 6%

South Africa spending less than its peers on mining research and development

By: Mia Breytenbach     20th October 2017 While South Africa had increased its investment in mining research and development (R&D) since 2014, the country’s investment was still below that of its peers, delegates heard during a panel discussion on ‘Technological Innovation and Advancements in the Mining Industry’ at the Joburg Indaba... 

Remove exploration red tape or mining will die, geologist warns 

By: Martin Creamer     19th October 2017 The excessive red tape around minerals exploration must be removed to prevent the demise of South Africa’s vital mining industry, consulting exploration geologist Allan Saad said on Thursday. Saad, who spent 18 years in geological roles with mining major Rio Tinto and who formerly represented the... 

Remove exploration red tape or mining will die, geologist warns
Consulting exploration geologist Allan Saad outlines current exploration constraints to Mining Weekly Online’s Martin Creamer. Photographs: Christo Greyling. Video and Video Editing: Nicholas Boyd.

BHP on track for 7% volume growth in FY18; guidance intact

By: Henry Lazenby     18th October 2017 The world’s largest mining house BHP Billiton said on Wednesday it remained on track for a 7% volume growth in the 2018 financial year, leaving its full-year 2018 guidance unaltered. The Melbourne, Australia-based miner reported its operating results for the three months ended September 30,... 

BHP on track for 7% volume growth in FY18; guidance intact

Atlatsa retreats into hibernation

By: Henry Lazenby     16th October 2017 Black economic empowered platinum group metals (PGMs) company Atlatsa Resources has confirmed that its 51%-owned Bokoni platinum mine, in South Africa, has been placed on care and maintenance on October 1, as part of an Anglo American Platinum- (Amplats-) backed restructuring agreement. The TSX-... 

Polymetal hikes Q3 output by 26%, confirms FY guidance

By: Mariaan Webb     16th October 2017 Russian gold and silver producer Polymetal on Monday reported a 26% increase in its third-quarter gold-equivalent production of 470 000 oz, which is in line with its production plan of 1.4-million ounces for 2017. The third-quarter output included of 370 000 oz of gold, a 38% year-on-year... 

Polymetal hikes Q3 output by 26%, confirms FY guidance
Stockpiles at the Varvara mine.
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