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Silver News

Kootenay sets its sights on potential high-grade silver/gold deposit in Mexico

By: Creamer Media Reporter      17th May 2018 TSX-V-listed Kootenay Silver has entered into an option agreement to acquire a 100% interest in the Copalito silver/gold project, in Mexico. The project comprises seven concessions totaling about 3 700 ha.  

Short spell of mining hope dashed – Lorimer

By: Martin Creamer     16th May 2018 The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... 

Short spell of mining hope dashed – Lorimer
Shadow Mineral Resources Minister James Lorimer

Maiden resource estimate for Asiamet's BKZ

By: Creamer Media Reporter      16th May 2018 London-listed Asiamet Resources believes that its BKZ polymetallic deposit has the potential to be the company’s second mine in the BK district of Kalimantan, Indonesia, the firm said on Wednesday, announcing an initial resource estimate for the project. The resource estimate for BKZ, which is... 

Premier’s Cove PEA sets stage for Nevada-focused exploration camp

By: Henry Lazenby     16th May 2018 Canadian miner Premier Gold has reported strong economic metrics for its 100%-owned Cove project, near Battle Mountain, Nevada. Based on a gold price assumption of $1 250/oz, the PEA calculated an after-tax net present value (NPV), applying a 5% discount rate, of $143-million. 

LBMA suspends Russian precious metals refinery from 'good delivery' lists

By: Reuters     15th May 2018 The London Bullion Market Association said on Tuesday it had suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues". The refinery in Russia is controlled by Moscow-based conglomerate Renova Group, which along... 

WPM hopeful of reaching CRA settlement deal; progress on new $500m+ contracts

By: Henry Lazenby     15th May 2018 The world’s largest precious metals streaming firm Wheaton Precious Metals (WPM) has reached out to the Canadian Revenue Agency (CRA) to try and reach a settlement, but to no avail yet, president and CEO Randy Smallwood told Mining Weekly Online in an interview on Monday. The Vancouver-based... 

WPM hopeful of reaching CRA settlement deal; progress on new $500m+ contracts
Photo by Bloomberg
Wheaton Precious Metals president and CEO Randy Smallwood

Rising earnings to mark Americas Silver’s next 3 quarters as silver optionality beckons

By: Henry Lazenby     15th May 2018 Diversified Canadian miner Americas Silver is looking towards growing profit over the next three quarters as lower costs and rising grades at key operations provide it with runway potential to reward investors. “Our job as management is to figure out how to make money at these low silver prices.... 

Callinex jumps 35% on viable combined Nash Creek, Superjack PEA

By: Henry Lazenby     15th May 2018 Base metals-focused Callinex Mines has made public the results of a preliminary economic assessment (PEA) examining the production of zinc from the combined 100%-owned Nash Creek and Superjack projects, located in New Brunswick’s prolific Bathurst Mining District, in Maritime Canada. The PEA... 

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing

By: Henry Lazenby     11th May 2018 Pureplay zinc producer Trevali Mining has reported adjusted earnings a share of $0.04, missing average analyst earnings forecasts by a penny, on lower-than-expected sales from the Perkoa mine, in Burkina Faso, mainly owing to freight timing at the Port of Abidjan, in Côte d’Ivoire.... 

Trevali revenues rise 187%, Q1 earnings miss on Perkoa freight timing
Photo by Trevali Mining
The Santander mine, Peru

Silver miners report solid results

By: Henry Lazenby     11th May 2018 Canadian silver miners Americas Silver and Excellon Resources have reported strong operational improvements during the first quarter ended March 31, as both companies navigate the dithering silver price environment and focus internally to streamline operations and drive down costs. Toronto-based... 

Silver miners report solid results
Photo by Excellon Resources
High-grade Platosa ore, Mexico

Streaming firms reward shareholders with rising dividends on strong Q1 earnings

By: Henry Lazenby     11th May 2018 Shareholders of some of the most prominent Canadian precious metals streaming firms have been rewarded with rising dividends on the back of strong first-quarter earnings results. Precious metals streaming deal pioneer and the largest player in this specialist sector, Wheaton Precious Metals... 

Higher metals prices prop up BC mining industry in 2017 – PwC

By: Creamer Media Reporter      10th May 2018 British Columbia's mining industry remained upbeat in 2017, as prices for most metals and minerals produced in the province continued to steadily recover from multiyear lows. Although most commodity prices remain below the record highs seen in 2011, the recent increases are part of an upward... 

Seabridge closes C$19.7m KSM flow-through financing

By: Henry Lazenby     8th May 2018 TSX- and NSYE-listed project developer Seabridge Gold has closed a C$19.7-million private placement of flow-through shares for exploration this year at its KSM gold/copper project, located 65 km northwest of Stewart, British Columbia. The company has issued 1.15-million flow-through shares,... 

Tahoe breathes sigh of relief as La Arena strike settles; Escobal remains shuttered

By: Henry Lazenby     3rd May 2018 TSX- and NYSE-quoted Canadian precious metals producer Tahoe Resources expects operations at its La Arena mine, in Peru, to return to normal within 48 hours, following a wildcat strike by about 65% of the mine's workforce that started on April 22. The good news was enough to give the TSX-listed... 

Tahoe breathes sigh of relief as La Arena strike settles; Escobal remains shuttered
Photo by Tahoe Resources
The world's third-largest silver mine, Tahoe Resources' Escobal mine, in Guatemala

Hudbay posts wider profit

By: Henry Lazenby     3rd May 2018 Base metals producer Hudbay Minerals has reported a strong 314% improvement in first-quarter net profit to $41.4-million, or $0.16 a share, which came in below average analyst estimates of $0.18 a share. Revenues for the period grew nearly 50% to $386.66-billion, the Toronto-based company... 

Northwest Territories gets shortest end of straw as mining boosts Nunavut, Yukon economies

By: Henry Lazenby     1st May 2018 A lack of new mining projects in the development pipeline of Canada’s Northwest Territories (NT) is threatening to derail the region’s economic growth outlook, the latest ‘Territorial Outlook’ by The Conference Board of Canada (CBoC) has found. The independent Ottawa-headquartered think tank... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

Fresnillo reports higher Q1 silver and gold output

By: Creamer Media Reporter      25th April 2018 Mexico-focused Fresnillo has reported a year-on-year increase in silver and gold production during the March quarter, as the new San Julian JM (Phase 2) mine is now operating at full capacity.contribution to output. Silver production jumped 14% to 14.24-million ounces, when compared with the... 

Polymetal announces two transactions

By: Mariaan Webb     24th April 2018 LSE-listed gold miner Polymetal on Tuesday announced two transactions which, when completed, would increase its ownership in the Nezhda and the Prognoz gold properties to 100%. Polymetal has exercised its call option to acquire the remaining 75.3% in the Nezhda property located in north-east... 

Workers down tools at Tahoe’s La Arena mine

By: Henry Lazenby     23rd April 2018 Dual-listed precious metals producer Tahoe Resources has reported that a labour strike at its La Arena mine, in Peru, has impacted the operation since Friday. According to the Vancouver-based miner, it is actively engaging the La Arena Union, which represents about 65% of the mine’s work force. 

Atalaya completes prefeasibility study on Spain copper project

By: Mariaan Webb     23rd April 2018 A prefeasibility study (PFS) has found that the Proyecto Touro copper project will be profitable, validating Aim- and TSX-listed Atalaya Mining’s initial interest in the brownfields development in north-west Spain. Based on a long-term copper price of $3/lb, the Touro project has an after-tax... 

Atalaya completes prefeasibility study on Spain copper project
Atalaya also owns the Proyecto Riotinto mine (pictured), where an expansion is under way.

Hochschild shares rise on higher Q1 output

By: Henry Lazenby     18th April 2018 LSE-listed Hochschild Mining has reported higher-than-expected first-quarter production, as record output at the Inmaculada mine, as well as a strong result from the Pallancata mine – both located in Peru – buoyed output. During the three months ended March 31, Hochschild reported attributable... 

Altus raises C$4.11m in private placement

By: Creamer Media Reporter      18th April 2018 Aim-listed Altus Strategies has raised about C$4.11-million by way of a nonbrokered private placement of 27.39-million units at C$0.15 each. Each unit is comprised of one ordinary share and one ordinary share purchase warrant that may be used to buy one ordinary Altus share at C$0.30 for five... 

Vale achieves best-ever quarterly sales in Q1, despite slide in iron output

By: Henry Lazenby     17th April 2018 Brazilian diversified miner Vale has reported its best first-quarter iron-ore sales ever despite production of the iron-making ingredient slipping somewhat during the three-month period. The company reported that output during the quarter ended March 31 slipped 4.9% year-on-year to 81.95-million... 

Vale achieves best-ever quarterly sales in Q1, despite slide in iron output
Photo by Vale
Vale's massive new SD11 mine, in Brazil

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Trevali Q1 output a mixed bag but in line with expectations

By: Henry Lazenby     13th April 2018 Zinc-focused miner Trevali Mining has reported first-quarter production that was generally in line with expectations as previous guidance had indicated a light quarter relative to the rest of the year, owing to the impact of seasonal winter conditions on Caribou’s zinc recoveries, in New... 

Global silver output falls 4.1% in 2017, as industrial demand ramps up – GFMS

By: Henry Lazenby     12th April 2018 A new survey by the GFMS team at Thomson Reuters has found that global silver output had fallen 4.1% in 2017 to 852.1-million ounces. Prepared by GFMS, the report found that total physical demand of 1.02-billion ounces was 25% lower year-on-year, signalling that the tightening of the... 

Global silver output falls 4.1% in 2017, as industrial demand ramps up – GFMS
Photo by Reuters
Workers pour molten silver into moulds

Former South African President Kgalema Motlanthe joins Ivanhoe board

By: Henry Lazenby     10th April 2018 Former South African President Kgalema Motlanthe has joined the board of project developer Ivanhoe Mines with immediate effect, the company announced on Tuesday. In his new nonexecutive capacity, Motlanthe is expected to bring a “new dimension” to the company’s strategic evaluations, consensus... 

Former South African President Kgalema Motlanthe joins Ivanhoe board
Photo by Creamer Media
Former South African President Kgalema Motlanthe

High-grade, low-cost silver options set Americas Silver up for growth

By: Henry Lazenby     4th April 2018 Diversified miner Americas Silver is being cautious not to add too much silver to its zinc and lead production profile at a time when prices for the precious metal languish between the $16/oz to $20/oz level. “We are being very disciplined to not add too much new silver production to our... 

High-grade, low-cost silver options set Americas Silver up for growth
Photo by Americas Silver
Americas Silver's new San Rafael mine, in Mexico

Drilling results build on Botswana project’s openpit expansion potential

By: Simone Liedtke     26th March 2018 The latest assay and drill hole intersection results for the T3 copper/silver project, in Botswana, indicate openpit expansion potential, says Aim-listed investment company Metal Tiger. Metal Tiger holds a 30% interest in the project, with the balance owned by ASX-listed MOD Resources. 

Vast expands Manaila’s mineral resource

By: Creamer Media Reporter      26th March 2018 Aim-listed Vast Resources has significantly expanded the mineral resource estimate of its Manaila polymetallic mine, which, when the company bought the Romanian mine in 2015, had less than 400 000 t of mineral resources left in the operating pit. The openpit mineral resource in the measured and... 

Excellon swings back into black on dry mining conditions

By: Henry Lazenby     23rd March 2018 Mexico’s highest-grade silver producer, Excellon Resources, has reported its first quarterly headline profit since the second quarter of 2016, thanks to optimisation efforts to effectively dewater the flagship Platosa mine. The Platosa deposit comprises several high-grade massive sulphide mantos... 

Excellon swings back into black on dry mining conditions

Bullion association punting responsible sourcing as a ‘must have’

By: Mia Breytenbach     23rd March 2018 The London Bullion Market Association, the world’s authority for precious metals, together with its 150 members based in more than 30 countries and encompassing every part of the journey in precious metals production, is adding value to the global industry by setting standards, developing market... 

Bullion association punting responsible sourcing as a ‘must have’
Photo by Bloomberg
VAULT HOLDINGS Data available for end of November 2017 reveals that there is 7 841 t of gold, valued at $322.7-billion, equating to approximately 627 319 gold bars

Wheaton Precious Metals beats 2017 guidance, lifts dividend 29%

By: Henry Lazenby     22nd March 2018 The world’s largest precious metals streaming firm Wheaton Precious Metals has declared a quarterly dividend of $0.09 a share – up 29% year-on-year as record production lifted the bottom line. The Vancouver-headquartered company reported full-year silver output of 28.6-million ounces, which was... 

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

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