Global Mining News in real time

Silver News

Canada becomes founding partner of historic Trans-Pacific Partnership, to boost resource sectors

By: Henry Lazenby Canada on Monday became one of the 12 founders of the historic Trans-Pacific Partnership (TPP) free-trade agreement (FTA) that could ensure an increase in Canadian exports and investment to member countries, supporting jobs for Canadians at home and abroad. The TPP was a multilateral trade... 

Nautilus shrugs off activists’ critique as ‘unscientific’ 

By: Henry Lazenby Deep sea mining pioneer Nautilus Minerals is making light of an environmentalist attack on its flagship Solwara 1 copper/gold/zinc/silver project, in the Bismarck sea, earlier this week, characterising critique released on Monday as being unscientific and full of errors and misunderstandings. As... 

Nautilus shrugs off activists’ critique as ‘unscientific’

African opportunities depend on economic corridors and additional infrastructure 

By: Simon Rees Sub-Saharan Africa continued to face transport bottlenecks and difficulties in bringing large-scale infrastructure projects to fruition, despite increased economic growth and growing population levels, delegates were told at a recent Canada-Southern Africa Chamber of Business infrastructure... 

Mining’s bottoming presents opportunity to write new script – KPMG

By: Martin Creamer The bottoming of the resources market is presenting South Africa with a valuable opportunity to write a new exploration script that encourages investment ahead of all other mining jurisdictions. “Catch this wave now so that when the market turns, we can be in a space that tells investors they... 

Mining’s bottoming presents opportunity to write new script – KPMG
Photo by Duane Daws
Muhammad Saloojee

Scotiabank Commodity Price Index falls to lowest level since 2005

By: Henry Lazenby Scotiabank's Commodity Price Index has plunged by 10.5% month-on-month in August to a reading of 91.3, which placed it 13.9% below the April 2009 bottom during the last recession and the lowest level since early 2005. "While many commodity prices, including key base metals, remain well above the... 

Avino starts delivering concentrate under Samsung prepayment deal

By: Henry Lazenby Precious-metals producer Avino Silver & Gold Mines has started shipping concentrates produced from the Avino mine, near Durango, in Mexico, to Samsung Construction & Trading (C&T) UK, on schedule. Under the terms of a $10-million concentrates prepayment agreement with Samsung that had closed in... 

Silver Wheaton faces potential C$353m CRA tax bill for offshore revenue

By: Henry Lazenby The world’s largest precious metals streaming firm Silver Wheaton is set to challenge the Canadian Revenue Agency (CRA) over the agency’s decision to reassess the company’s 2005 to 2010 tax years and collect taxes on income earned by Silver Wheaton’s offshore subsidiaries. The TSX- and... 

Silver Wheaton faces potential C$353m CRA tax bill for offshore revenue

Peru miner Volcan rolls out 'austerity' plan to offset price slump

By: Reuters Peruvian silver and zinc miner Volcan said it is implementing "austerity" measures to offset slumping metal prices - its fourth cost-cutting plan in the past 18 months, the company's president said on Wednesday. But the company expects to be able to maintain current production levels in coming... 

Retreating ice reveals prospective precious metals area

By: Henry Lazenby Glacial melting has opened up new areas for exploration in British Columbia, where TSX-V-listed Teuton Resources is prospecting its Big Gold property for precious metals, 12 km south-west of Pretium Resources’ prolific Brucejack property. "This is yet another example of a prospective area being... 

Updated PEA more than doubles Panoro’s Cotabambas NPV

By: Henry Lazenby TSX-V-listed project developer Panoro Minerals on Wednesday reported “significantly improved” economic metrics for its Cotabambas porphyry copper/gold/silver project, 48 km south-west of the city of Cuzco, in the Apurimac region in southern Peru. Incorporating an optimised mine plan and... 

Hochschild receives final Inmaculada mill operating permit

By: Henry Lazenby London-listed Hochschild Mining has received the final mill operating permit from the Peruvian government for its Inmaculada mine, giving the company the green light to start doré sales. The south-west Peru-based mine declared commercial production earlier this month. 

Mining’s long-term outlook positive as urbanisation and infrastructure development intensifies

By: Simon Rees The outlook for the global economy, infrastructure development and mining is not as dismal as many might believe, Deloitte global mining leader Phil Hopwood recently told an audience at the Canada-South Africa Chamber of Commerce’s seminar on infrastructure in Southern Africa. “People talk about... 

Mining’s long-term outlook positive as urbanisation and infrastructure development intensifies

Azure shares soar on Mexican silver hits

By: Esmarie Swanepoel The share price of ASX-listed Azure Minerals closed 46% higher on Wednesday after the company announced a significant high-grade silver discovery at its Alacran project, in Mexico. Four holes drilled at the Mesa de Plata prospect as part of a 14-hole reverse circulation programme over the wider... 

Rambler misses FY2015 planned metal production amid 'challenging year'

By: Tracy Hancock Despite marginally missing its planned metal production target for the 2015 fiscal year ended July 31, TSX-V- and Aim-listed Rambler Metals & Mining, operating in Newfoundland and Labrador, Canada, managed to meet or exceed all other remaining guidance targets. This was according to president and... 

Hochschild declares commercial production at Peru mine

By: Creamer Media Reporter Commercial production has started at London-listed Hochschild Mining’s Inmaculada mine, in south-west Peru. The mine, which Hochschild believed would be its chief operation for a number of years, had produced about 25 000 oz of gold and 622 000 oz of silver since the first dore was produced in... 

Miners increasingly looking to renewable energy sources to drive operational savings

By: Creamer Media Reporter Current pressures on the mining sector are driving increased interest in the cost savings and power security advantages that renewables could provide mining operations. To this end, a record number of mining leaders will meet with renewable energy and finance experts to network and share... 

Cerro Grande pares Q3 loss

By: Henry Lazenby Chile-focused miner Cerro Grande Mining has slightly narrowed its third-quarter loss despite lower sales and prices being offset somewhat by lower costs. The Canadian firm reported a net loss before income taxes for the period ended June 30 of $1.42-million, compared with a loss of $1.59-million... 

EY’s Mining Eye index climbs for first time in a year

By: Henry Lazenby Professional services firm EY’s Canadian Mining Eye index has gained 4% during the three months ended June, recording a gain for the first time since the second quarter of 2014, compared with a 1% decline in the first quarter. The index outperformed the S&P/TSX Composite index, which slipped 2%... 

EY’s Mining Eye index climbs for first time in a year

South32 sees opportunity to work with Eskom on further coal supply

By: Martin Creamer New diversified mining company South32, which on Monday reported 56%-higher underlying earnings of $1-billion, sees an opportunity to work with Eskom on additional coal supply.   The demerged BHP Billiton entity, which is fast-tracking the implementation of its regional operating model in South... 

South32 sees opportunity to work with Eskom on further coal supply
Photo by Duane Daws
Graham Kerr

Lupaka starts shipping Invicta ore for toll mill testing

By: Henry Lazenby TSX-V- and BVL-listed Lupaka Gold has started shipping a 900 t ore sample from its Invicta gold mine site for an initial toll mill test campaign at a toll mill near La Oroya, in central Peru. The processing campaign would test and demonstrate grinding and recovery kinetics, chemical consumption,... 

Hochschild pins high hopes on Peruvian Inmaculada mine

By: Henry Lazenby With production from the newly commissioned Inmaculada mine, in Peru, ramping up, silver miner Hochschild Mining is on track to meet its full year production target of 24-million attributable silver equivalent ounces (SEOs). Production for the second half of 2015 was expected to improve owing to... 

Rambler reports rising precious-metals grades in copper concentrate shipments

By: Henry Lazenby TSX-V-listed Rambler Metals & Mining has shipped its eleventh consignment of copper concentrate from its Ming copper/gold mine, in Baie Verte, Newfoundland and Labrador, reporting increased precious-metals grades on Wednesday. The 5 250 wet metric tonnes (wmt) shipment had an average grade of 27%... 

Nevada Copper’s Pumpkin Hollow clears last regulatory hurdle

By: Henry Lazenby TSX-listed Nevada Copper is now fully permitted to start construction and operate its $1.04-billion Pumpkin Hollow openpit and underground copper project, in Nevada, which CEO and president Giulio Bonifacio describes as one of the best mining jurisdictions in the world. "This makes Pumpkin Hollow... 

Fortune Minerals completes restructuring

By: Henry Lazenby Project developer Fortune Minerals on Thursday reported that it had completed the second and final stage of the restructuring agreement entered into with former financing partner LRC-FRSM (Lascaux) and its other secured creditors to settle its secured debt obligations and remove the security over... 

Takeover target SilverCrest lifts FY guidance on strong Q2, bidding war may ensue

By: Henry Lazenby The TSX-listed stock of takeover target SilverCrest Mines on Wednesday closed 12% higher after the company lifted its full-year outlook on the back of a strong second-quarter performance. The Vancouver-based company reported net earnings of $3.87-million, or $0.03 a share, for the second quarter... 

First Majestic’s stock rises despite missing analysts' forecasts

By: Henry Lazenby The NYSE-listed stock of Canadian miner First Majestic Silver on Tuesday gained 6.55% to $3.58 apiece, despite the company missing analysts' second-quarter profit forecasts. During the quarter ended June, First Majestic generated a net loss of $2.6-million, or $0.02 a share, compared with net... 

Golden Queen president and CEO quits

By: Henry Lazenby Long-standing Golden Queen Mining president and CEO Lutz Klingmann has resigned with immediate effect. The project developer on Monday announced that chairperson Thomas Clay would assume the role of interim CEO. 

Endeavour on track to meet production guidance, Q2 financials lower y/y

By: Tracy Hancock Dual-listed Endeavour Silver reported that, following the second quarter ended June 30, it was on track to meet its production guidance and beat its cash cost and all-in sustaining cost guidance for 2015. Silver production for the quarter under review increased 8% to 1.8-million ounces, 35 828 oz... 

Primero’s Mexican export licence reinstated, will realise 2015 silver spot sales

By: Henry Lazenby TSX- and NYSE-listed Primero Mining's Mexican subsidiary Primero Empresa Minera (PEM) has been reinstated to the Mexican customs registry and the company has started selling all inventoried silver. This included about two-million ounces, of which 1.2-million ounces would be delivered under the... 

McArthur again takes reins at Tahoe

By: Henry Lazenby Mineral resources industry veteran Kevin McArthur, with more than 30 years' experience, has again assumed CEO duties at Tahoe Resources following the surprise resignation of Alex Black as CEO and director for personal reasons. Black, a former Rio Alto Mining CEO, was appointed Tahoe CEO in... 

Red-letter day for Primero as it awaits reinstatement of Mexican export licence

By: Henry Lazenby Precious metals producer Primero Mining has received verbal assurances from the Mexican authorities that its export and import permits will be reinstated at the beginning of this month, pending some additional filings to be submitted by the company. In reporting its second-quarter results, the... 

Gabriel still committed to Roşia Montană despite arbitration

By: Tracy Hancock TSX-listed Gabriel Resources remained committed to the construction and operation of a world-class mine at Roşia Montană, in Romania, noted Gabriel president and CEO Jonathan Henry on Monday. The Canadian resource company, which had been focused on permitting and developing the gold and silver... 

US gold coin sales soar, turnover up twofold in China

By: Martin Creamer Eagle gold bullion coin sales were up fourfold-plus in the US in July and gold volumes up twofold-plus on the Shanghai Gold Exchange, Mitsubishi Corporation International noted on Monday. Last month the US Mint sold 170 000 oz, the highest number of coins in more than two years, government data... 

US gold coin sales soar, turnover up twofold in China
American Eagle gold coins

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... 

First Majestic Silver announces friendly acquisition of SilverCrest Mines

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
2 3 4 5 6 7 8 9 Next Last

Latest News


Latest Videos


Topics In These Articles

RSS Feed


Mining Weekly is a product of Creamer Media.

Other Creamer Media Products include:
Engineering News
Research Channel Africa

Read more


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


Advertising on is an effective way to build and consolidate a company's profile among clients and prospective clients. Email

View options
R/€ = 15.19Change: 0.07
R/$ = 13.49Change: 0.06
Au 1150.42 $/ozChange: 3.97
Pt 944.00 $/ozChange: 9.50
Subscribe Now for $96
Subscribe Now for $96 Close