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Silver News

Emgold outlines nearly 300 000 oz of gold, plans 2-phased approach to develop Golden Arrow

By: Henry Lazenby     21st March 2018 A technical report on the Golden Arrow deposit, in Nevada, has outlined compliant indicated and measured resources of nearly 300 000 oz of gold, showing the project is deserving of further work to determine its financial viability, a news release by junior explorer Emgold Mining advised this... 

Yauricocha strike ends, not to impact Sierra Metals guidance

By: Henry Lazenby     19th March 2018 TSX- and NYSE American-listed Sierra Metals reported that a wildcat strike by less than 10% of workers employed at its Yauricocha mine, in Peru, has ended with minimal disruption and no expected impacts on 2018 production. Sierra said the strike action started on Friday and ended following... 

Honey Badger initiates drilling programme at Thunder Bay silver camp

By: Simone Liedtke     19th March 2018 Gold and base metals exploration company Honey Badger Exploration has mobilised a drill to start a 1 500 m drilling programme at its Canada-based Thunder Bay polymetallic silver camp. Earlier this year, the company completed a systematic exploration programme, which combined field measurements,... 

Wheaton Precious Metals portfolio biased to gold as organic growth pipeline lags

By: Henry Lazenby     19th March 2018 Canadian streaming firm Wheaton Precious Metals (WPM) has seen the proportion of precious metals in its production profile shift, with about two-thirds weighted to gold, as several of its silver-focused organic growth projects languish behind plan. The Vancouver-based company expects to have... 

Wheaton Precious Metals portfolio biased to gold as organic growth pipeline lags
Photo by Bloomberg
Wheaton Precious Metals CEO Randy Smallwood smiles during an interview at the Prospectors & Developers Association of Canada Convention, in Toronto

South Africa discount no longer warranted, say analysts

By: Martin Creamer     15th March 2018 The so-called 'South Africa discount' that has dogged and diminished the share prices of mining companies operating in South Africa for decades, has been declared "unwarranted" by Goldman Sachs Europe Metals & Mining Equity Research analysts, against the backdrop of the winds of political change... 

South Africa discount no longer warranted, say analysts
Photo by Goldman Sachs
Share prices of Glencore and Anglo at 2013 levels, despite higher earnings, lower debt

Ariana forecasts higher output from Turkey mine

By: Creamer Media Reporter      12th March 2018 The Kiziltepe mine – a joint venture between London-listed Ariana Resources and Turkey’s Proccea Construction – will produce significantly more gold this year, than it did in 2017. In a 2018 production guidance, issued on Monday, Ariana stated that the Turkey-based mine would produce 20 000 oz of... 

Polymetal posts 10% drop in FY profit

By: Mariaan Webb     12th March 2018 A stronger Russian rouble has offset the double-digit production growth that precious metals miner Polymetal achieved in 2017, resulting lower earnings before interest, tax, depreciation and amortisation (Ebtida) and net earnings. The mining company, which operates in Russia, Kazakhstan and... 

Polymetal posts 10% drop in FY profit
Polymetal CEO Vitaly Nesis

Thor zones in on three projects

By: Megan van Wyngaardt     9th March 2018 Dual-listed Thor Mining on Friday said it would intensify its focus on its Pilot Mountain tungsten/silver/copper project, in the US; as well as the Kapunda copper project and the Molyhill tungsten project, in Australia. “Our main business investment decisions will be strictly focused on [these]... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

By: Henry Lazenby     7th March 2018 The Prospectors & Developers Association of Canada's (PDAC's) 2018 convention, in Toronto, drew an international crowd of 25 606 people, in what is widely considered as a clear sign that optimism is returning to the mineral exploration and mining industry following several years of turmoil.... 

World's biggest mining show draws huge crowd, signalling mining investment optimism

Pending toll milling, Bunker Hill ready to roll in as little as 60 days

By: Henry Lazenby     7th March 2018 The 'crown jewel' of the Coeur D'Alene zinc, lead and silver mining district, in northern Idaho, could be in initial production in as little as 60 days pending finalisation of a toll milling agreement, after the US Environmental Protection Agency (EPA) signed an agreement releasing owner Bunker... 

Pending toll milling, Bunker Hill ready to roll in as little as 60 days
Photo by US Environmental Protection Agency
A file photo of the Bunker Hill smelter operating in winter snow during the 1970s.

Multimillion-rand processing plant reinvigorates the old Zincor Refinery

By: Nadine James     7th March 2018 Vele Private Equity (VPE), a wholly owned subsidiary of Vele Investments, on Wednesday officially launched a multimillion-rand zinc processing plant aimed at processing one of four remaining tailing dumps at the old Zincor Refinery, in Springs, east of Johannesburg. The launch was attended by... 

Multimillion-rand processing plant reinvigorates the old Zincor Refinery
Photo by Nadine James
EBM raised R140-million from international investors for the construction of the plant. VPE will be contributing R20-million to cover the remaining plant cost.

Mining-specific staff recruitment, management app developed 

By: Mia Breytenbach     6th March 2018 To refine and improve the execution of recruitment within the mining industry, mining and engineering professionals recruiter TrueVine Consulting has developed a new, innovative online recruitment platform, called Digger. “Digger is a digital recruitment, talent management and staff retention... 

Mining-specific staff recruitment,  management app developed
Innovative mining-specific staff recruitment, management app developed. Editing: Darlene Creamer and Christo Greyling.

MOD raises funds to ‘turbo charge’ Kalahari copper belt growth

By: Creamer Media Reporter      6th March 2018 Australia-listed MOD Resources has raised $18-million to “turbo charge” its growth plans in the Kalahari copper belt of Botswana, where a drilling programme is set to be expanded. The exploration company on Tuesday announced that it had raised $12-million in an oversubscribed share placement by... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

By: Henry Lazenby     5th March 2018 Global mining exploration budgets are expected to swell about 20% in 2018, bolstered by the generally positive trend in metals prices extending into early 2018, a new report by S&P Global Market Intelligence has found. Global spending on the search for nonferrous metals rose 15% year-on-year in... 

Global metals exploration likely to rise 20% in 2018 – S&P Global

S&P's sees further improvement in most metal prices in year ahead

By: Megan van Wyngaardt     5th March 2018 Metals prices have benefited from the improved global economy and from a recently weaker US dollar, in which most commodities are valued, with the Standard & Poor's (S&P's) GSCI reaching a two-year high on January 26, aiding the uptick in global exploration, the research firm's 'World Exploration... 

S&P's sees further improvement in most metal prices in year ahead

Peruvian precious metals miner lists on London’s NEX exchange

By: Nadine James     2nd March 2018 Emerging Peruvian gold and silver producer VI Mining on Friday started trading on London’s NEX Exchange Growth Market. The company completed a share placement, which raised £5.36-million in gross proceeds. It issued 106.95-million ordinary shares of no par value at an admission price of £5 each. 

Peruvian precious metals miner lists on London’s NEX exchange
NEWLY LISTED The newly listed company's non executive director Aamir Quraishi, CEO David Sumner and chairperson Jide Zeitlin

Nautilus PEA outlines the low-cost production potential of Solwara 1

By: Henry Lazenby     2nd March 2018 Toronto-based Nautilus Minerals has published a new preliminary economic assessment (PEA) for its Solwara 1 seafloor copper/gold project, located in the Bismarck Sea offshore Papua New Guinea (PNG). The Toronto-based prospective marine miner reported an undiscounted after-tax net cash flow of... 

Lupaka PEA reports 'robust' economics for Invicta

By: Henry Lazenby     2nd March 2018 Peru-focused gold explorer and project developer Lupaka Gold has reported strong financial metrics in a new preliminary economic assessment (PEA) for an initial production scenario at its Invicta project. The PEA evaluated the economic viability for the underground mining of indicated and... 

First Majestic rises despite missing consensus earnings forecast

By: Henry Lazenby     2nd March 2018 NYSE- and TSX-listed precious metals producer first Majestic Silver has swung to a net loss of $56.1-million, or $0.34 a share for the three months ended December, mainly owing to a $65.5-million impairment charge on the Del Toro Silver mine. The Vancouver-headquartered miner reported an adjusted... 

Seabridge goes the extra enviro mile with Johnny Mountain, Bronson mine clean-ups

By: Henry Lazenby     28th February 2018 Precious metals-focused project developer Seabridge Gold has undertaken significant effort to remediate the historic mining activities at the Johnny Mountain and Bronson mines, in north-western British Columbia, spending about C$6-million to date to ensure that the Iskut project is in compliance... 

Seabridge goes the extra enviro mile with Johnny Mountain, Bronson mine clean-ups
Photo by Seabridge Gold
The Johnny Mountain area around old mill building after Seabridge Gold's remediation efforts

Bluebird makes speedy progress on Kochang reopening

By: Megan van Wyngaardt     28th February 2018 Asia-focused resource development group Bluebird Merchant Ventures on Wednesday said that it had made significant progress on the Kochang gold and silver mine in South Korea, since signing its $750 000 farm-in agreement with ASX-listed Southern Gold, in February. Bluebird is currently looking to... 

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

By: Henry Lazenby     28th February 2018 The EY Canadian Mining Eye index has showed a fourth-quarter gain of more than 2% quarter-on-quarter, to 4%. The increase in the Canadian Mining Eye index's performance suggests confidence in pursuing growth is returning to the sector, after an extended period of volatility, according to EY. The... 

EY's Mining Eye index puts in solid Q4; M&A activity muted ahead of PDAC

Precious metals miner Fresnillo's 2017 profit rises on silver output

By: Reuters     27th February 2018 Precious metals miner Fresnillo on Tuesday posted a 3.2% rise in annual profit, helped mainly by a record silver production. Silver production rose 16.6% to 58.7-million ounces in the year ended December 31, as the first phase of San Julian silver and gold mine in Mexico operated at full... 

Precious metals miner Fresnillo's 2017 profit rises on silver output

Resounding welcome for Gwede, who declines opportunity to comment

By: Martin Creamer     27th February 2018 New South African Mineral Resources Minister Gwede Mantashe has received a resounding welcome from the Chamber of Mines of South Africa, Business Leadership South Africa (BLSA) and mining luminaries. The Chamber of Mines of South Africa has welcomed the appointment of Mantashe, 62, describing him... 

Resounding welcome for Gwede, who declines opportunity to comment
Photo by Duane Daws
Incoming Mineral Resources Minister Gwede Mantashe

BC establishes mining task force to grow jobs

By: Henry Lazenby     27th February 2018 The British Columbia government has established the long-awaited Mining Jobs Task Force on Monday. The task force has its roots in the 2014 Mount Polley mine tailings pond failure in the Cariboo region of the province, and is established amid intensifying disputes with Alaska over downstream... 

BC establishes mining task force to grow jobs
Photo by British Columbia Government
BC Minister of Energy, Mines and Petroleum Resources Michelle Mungall announces the provincial Mining Jobs Task Force

Endeavour Silver rises 6% as it swings back into the black

By: Henry Lazenby     27th February 2018 Dual-listed precious metals producer Endeavour Silver has swung to a fourth-quarter profit on the back of stronger output and higher metals prices. Headquartered in Vancouver, and maintaining equity listings on the TSX and NYSE, Endeavour announced net earnings of $2.7-million, or $0.02 a... 

Hecla enters toll-milling accord with Excellon

By: Henry Lazenby     27th February 2018 US gold producer Hecla Mining has signed a toll milling agreement with Mexico's highest-grade silver miner Excellon Resources, to process sulphide ore from the San Sebastian mine, in Mexico, at Excellon's Miguel Auza flotation mill facility. The ore will be trucked 42 km between the two... 

Tahoe suffers $18m Q4 loss as Escobal shutdown saga drags on 

By: Henry Lazenby     24th February 2018 Precious metals producer Tahoe Resources has recorded an $18-million loss for the fourth quarter ended December 31, as its flagship Escobal silver mine, in Guatemala, lingers on care and maintenance. The TSX- and NYSE-listed miner reported an adjusted comparative loss of $17.7-million, or $0.06 a... 

Tahoe suffers $18m Q4 loss as Escobal shutdown saga drags on
Photo by Tahoe Resources
Escobal, Guatemala

Finland takes top spot for mining-friendly investment 

By: Henry Lazenby     23rd February 2018 Finland has ousted Saskatchewan as the top international jurisdiction for mining investment, Canada's Fraser Institute announced on Thursday. Canada's leading independent think-tank, the Fraser Institute, administers its Annual Survey of Mining Companies and ranks jurisdictions around the world... 

Finland takes top spot for mining-friendly investment

Hudbay swings back into black as higher copper, zinc prices lift Q4 profit

By: Henry Lazenby     23rd February 2018 Canadian base metals producer Hudbay Minerals has reported higher fourth-quarter earnings and sales as higher copper and zinc prices pushed the miner back into the black, the company reported on Wednesday. The TSX- and NYSE-listed miner said a 32% year-on-year rise in copper prices and 29% higher... 

Gold, silver miner Hochschild eyes move into copper and zinc

By: Reuters     21st February 2018 Gold and silver miner Hochschild Mining, which has been scouting for early-stage mining projects, is interested in moving into other metals including copper and zinc, the company's chief executive said on Wednesday. Miners around the world have been looking to take advantage of demand for... 

Polymetal ups its stake in undeveloped silver property

By: Mariaan Webb     19th February 2018 LSE-listed Polymetal has entered into an agreement to increase its interest in an undeveloped silver deposit in Sakha, Far Eastern Russia, which the company believes has the potential to be one of the world’s top three primary silver mines in future. Polymetal has entered into a legally binding... 

Tahoe lifts global gold reserves by 400 000 oz

By: Henry Lazenby     16th February 2018 Canadian precious metals miner Tahoe Resources has increased its global gold reserve base by about 12% or 399 000 oz in 2017, to about 3.7-million ounces of yellow metal, the company announced on Thursday. Vancouver-based Tahoe advised that, in 2017, it added 888 000 oz of new gold mineral... 

PDAC honours industry leaders

By: Donald Makhafola     16th February 2018 The largest challenge facing the mining industry globally is the disconnect between investors' timeframes and the timeframe to discover and develop mining projects, says exploration and development company NexGen Energy, the winner of nonprofit organisation the Prospectors and Developers... 

PDAC honours industry leaders
Photo by Bloomberg
RECOGNISING INDUSTRY LEADERS The Prospectors & Developers Association of Canada will salute exceptional industry members at its annual convention

There is new energy to ease mining industry conflict – Scholes

By: Mia Breytenbach     16th February 2018 There appears to be new political resolve to mend the relationship between the mining industry and the Department of Mineral Resources, says specialised law firm Malan Scholes director Hulme Scholes. Speaking at the IHS Markit South African Coal Export Conference, in Cape Town, on Thursday, the... 

There is new energy to ease mining industry conflict – Scholes
Photo by Duane Daws
HULME SCHOLES For the first time . . . we will see the trust deficit between the mining industry and department close

Sound policy, low risk key to attracting mining investment

By: Henry Lazenby     16th February 2018 The global equity markets have been extremely volatile in recent weeks, extending a frantic selloff in US stocks that culminated in the steepest plunge for the Dow Jones Industrial Average in six-and-a-half years. While commodities were not spared from the rout, American multinational investment... 

Sound policy, low risk key to attracting mining investment

Pembridge buys producing copper mine from Capstone

By: Mariaan Webb     15th February 2018 LSE-listed Pembridge Resources is set to be transformed into a cash flow generating copper producer with the acquisition of the Minto openpit copper/gold/silver mine in Yukon, Canada. Pembridge, which August last year moved from the Aim to LSE main board, on Thursday announced that it had signed... 

Pembridge buys producing copper mine from Capstone
Photo by Capstone Mining
A 2015 photo of the Minto mine, in Yukon.

Gold Fields going all out to put South Deep gold mine into black 

By: Martin Creamer     14th February 2018 Gold Fields is going all out to push Gauteng's uniquely mechanised deep-level South Deep gold mine into the black once and for all. The company is ploughing R200-million a year into training, which it believes will set South Africa on an exciting new successful course in the pioneering fields of... 

Gold Fields going all out to put South Deep gold mine into black
Gold Fields CEO Nick Holland talks to Mining Weekly Online’s Martin Creamer on plans for South Deep. Video and Video Editing: Nicholas Boyd.

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