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Lead mine production to increase to 5Mt

     21st April 2017 Global lead mine production is forecast to reach about five-million tonnes by 2020 from 4.57-million tonnes as demand increases, representing a compound annual growth rate of 2.1%, says global research and consulting firm GlobalData, noting the automobile industry as a major demand driver.... 

Peru's Southern Copper workers mark ten days on strike

By: Reuters     20th April 2017 Workers at mining company Southern Copper in Peru completed their tenth day of an indefinite strike on Wednesday, though the company said it had not significantly impacted output. Jorge Campos, the secretary general of the Unified Union of Workers of Southern Copper, said some 3 000 workers have... 

Oz goes on the hunt in Mexico

By: Esmarie Swanepoel     19th April 2017 Copper-gold miner Oz Minerals has entered into a new exploration agreement in Southern Mexico, targeting three newly identified high base metal prospects. “The sites we are targeting have potential for shallow, high-value per tonne, volcanic-hosted massive sulphide (VHMS) deposits. VHMS deposits... 

Mexican Mines Recording Major Gains in Equipment Reliability and Reduced Fuel Usage

     19th April 2017 At an accelerating rate, Mexican mines are taking advantage of advanced simulation technology along with skilled people and proven process, from Immersive Technologies, to optimize their equipment operator workforce. Mine sites are measuring significant improvements in key metrics as many new... 

Americas Silver gains momentum in transition to low-cost producer by 2018

By: Henry Lazenby     19th April 2017 Bolstered by improving silver and base metals prices, junior miner Americas Silver is in the home stretch to deliver on a four-year turnaround strategy at its two operating mining complexes in Sinaloa state, Mexico and Idaho, in the US. “We have a lot of intrinsic value that’s about to be... 

Primero closes higher on expected San Dimas restart Tuesday

By: Henry Lazenby     18th April 2017 The TSX-listed stock of precious metals producer Primero Mining on Monday gained as much as 13.5% as investors anticipate a restart of the flagship San Dimas mine, in Mexico. The strike by unionised employees at San Dimas had halted mining and milling operations since February 15. 

Strong lithium prices predicted until at least 2021

By: Ilan Solomons     14th April 2017 Lithium prices are likely to remain elevated at around $9 500/t till at least 2021, which is a significant increase on its historic pricings of $6 500/t. This is attributable to rising demand and impending supply deficits from 2019, says lithium and rare earth elements assets developer Cadence... 

Sierra Metals lifts Bolivar, Cusi resources

By: Henry Lazenby     13th April 2017 Toronto- and Lima-listed Sierra Metals has updated the compliant resources and reserves for both its Bolivar and Cusi copper mines, in Mexico’s Chihuahua state. At Bolivar, the Toronto-based miner reported a new probable reserve of 4.3-million tonnes grading 1.18% copper equivalent comprising... 

Southern Copper workers to continue Peru strike after talks fail

By: Reuters     11th April 2017 Union representatives and executives from miner Southern Copper, in Peru, failed to reach an agreement to end an indefinite strike after a long meeting on Monday night, the union said on Tuesday. The company did not agree to the union's main demand for a greater share of profits, Raul Urere, a... 

Singer's BHP gambit shines light on little-known oil giant

By: Bloomberg     11th April 2017 The usual suspects have planted their flags along the dusty byways of the Permian Basin, declaring where they’ve staked claims. There are names like Royal Dutch Shell, Anadarko Petroleum, Pioneer Natural Resources. And, on signs fronting a barbed-wire fence, BHP Billiton. For the world’s largest... 

Southern Copper says Peru operations normal despite strike

By: Reuters     11th April 2017 A Southern Copper spokesperson said operations in Peru were near normal as workers started an indefinite strike on Monday, although a union representative said 80% of capacity was affected. The Cuajone and Toquepala copper mines were producing at 98% and the Ilo refinery was operating at 100%... 

Leagold closes $350m acquisition of Los Filos mine, Mexico

By: Henry Lazenby     8th April 2017 Canadian project developer Leagold Mining has completed the acquisition of the Los Filos gold mine, in Mexico, for $350-million from compatriot major miner Goldcorp. "Today marks a strong beginning for Leagold with the Los Filos mine becoming our platform for growth. We have transformed into a... 

Peru's Southern Copper workers demand profit share to avoid strike

By: Reuters     5th April 2017 Southern Copper should share more of its profits with workers in Peru to avoid an indefinite strike at its Toquepala and Cuajone mines starting on April 10, a union leader said on Tuesday. If confirmed, the strike would follow labour disruptions at Peru's biggest copper mine, Cerro Verde, and... 

Endeavour Silver a step closer to developing fifth mine based on positive reserve estimates, PFS

By: Henry Lazenby     4th April 2017 The TSX-listed stock of primary silver producer Endeavour Silver rose as much as 7% on Monday after the company released an updated National Instrument (NI) 43-101-compliant reserve estimate and positive preliminary feasibility study (PFS) for its Terronera silver/gold project, located 40 km... 

Alamos becomes debt free following $315m senior secured notes retirement

By: Henry Lazenby     4th April 2017 Dual-listed Alamos Gold has completed the redemption of its outstanding $315-million 7.75% senior secured second lien notes due in 2020, resulting in interest savings of $24.4-million a year. The notes were redeemed at a price of 103.88% of the principal amount plus accrued interest to the date... 

Recovery in Asia’s gold appetite to push gold price marginally higher

By: Megan van Wyngaardt     3rd April 2017 The gold price is expected to reach an average of $1 259/oz, Thomson Reuters said in its ‘Gold Survey 2017’, released on Monday. “Though gold prices are likely to remain volatile in the near future, we expect the market to regain its composure, as investors remain averse to risk,” it said. 

Slag use in building system offers multiple benefits

     31st March 2017 Alternative construction system company Moladi has developed a means of incorporating mine slag into its Moladi mix, offering mining companies a viable method for recycling their waste material and reduced construction costs when developing mine-site accommodation. Moladi founder and CEO Hennie... 

Sandstorm acquires 22 NSR royalties in Q1

By: Henry Lazenby     24th March 2017 Canadian gold streaming and royalty company Sandstorm Gold has acquired 22 net smelter return (NSR) royalties during the first quarter of 2017 for $1.9-million in cash. The assets include royalties on development-stage, advance exploration-stage and other exploration-stage projects located in... 

Excellon reports Q4 loss despite lifting output while fighting water ingress

By: Henry Lazenby     23rd March 2017 Mexico’s highest-grade silver miner Excellon Resources has narrowed its loss for the three months ended December 31, while lifting silver-equivalent output 20%. The Toronto-headquartered company recorded a net loss of $55 000, compared with a net loss of $1.7-million in the comparable period of... 

Silver Wheaton board recommends name change as it rakes in record precious metals revenues

By: Henry Lazenby     22nd March 2017 The pioneer of the metals streaming mine financing model Silver Wheaton has proposed a name change to Wheaton Precious Metals, to better reflect the fact that an increasing proportion of its revenue is derived from gold. The Vancouver-based company on Tuesday said that, since 2013, it had seen a... 

Smaller global copper deficit seen in December – ICSG

By: Henry Lazenby     21st March 2017 The International Copper Study Group said Monday the global copper market deficit had fallen back to about 50 000 t in December, following a deficit of about 90 000 t in November. According to the group’s latest copper bulletin, world mine output is estimated to have increased by around 5%, or... 

Argonaut drilling returns more low-grade ore, potential to extend mine life

By: Henry Lazenby     20th March 2017 TSX-listed Argonaut Gold has completed a 22-hole reverse-circulation (RC) drill programme totalling 5 139 m at the La Colorada mine in Sonora, Mexico, increasing the potential to expand the El Creston openpit beyond its current design. The drilling tested the down-dip extension of the open El... 

Growing output, rising precious metal prices to benefit Maverix

By: Henry Lazenby     17th March 2017 Maverix Metals, a relatively newly TSX-V-listed royalty vehicle created last July, when Canadian miner Pan American Silver spun out its royalty portfolio, populating it with some of its management, is positioned to grow output and leverage rising precious metals prices over the coming years. The... 

Primero stock rises as Q4 results beat forecasts

By: Henry Lazenby     16th March 2017 Precious metals producer Primero Mining’s TSX- and NYSE-listed stocks put in a strong performance Wednesday, after the company reported fourth-quarter earnings that beat analyst estimates, despite reporting a headline loss. Toronto-based Primero’s NYSE-listed shares closed up 8.13%, and gained a... 

Silver Wheaton remains a unique offering in uncertain times 

By: Henry Lazenby     13th March 2017 As the tide turns in the resource investment space, a renewed focus on project development sees many juniors looking for cash to fund their project development goals. The world’s largest precious metals streaming firm Silver Wheaton believes it has the answer for the right junior firms: its early... 

A catalyst for innovation, Goldcorp pushes the envelope on technological advances

By: Henry Lazenby     11th March 2017 Canadian gold major Goldcorp is acting as a catalyst to bring innovation into the mining industry, an industry traditionally loathe to adopt new technologies that could ultimately improve the bottom line. As exemplified in its leading role in sponsoring the #DisruptMining competition during the... 

Leagold closes C$175m financing as part of Los Filos acquisition from Goldcorp

By: Henry Lazenby     9th March 2017 Aspirant midtier gold miner Leagold Mining has raised C$175-million as part of its acquisition of the Los Filos gold mine, in Mexico, from Goldcorp. The company offered 63.64-million subscription receipts at an issue price of C$2.75 each, with the funds being held in escrow pending completion of... 

BHP Billiton, Pemex advance work on deep-water oil discovery in Mexico

By: Megan van Wyngaardt     6th March 2017 BHP Billiton has advanced its exploration and production interests in the Gulf of Mexico by signing a contract with Pemex Exploration & Production Mexico to complete work on the significant Trion discovery. BHP in December successfully bid to acquire 60% of the resource that, once fully... 

Multinationals to heed taxman’s further-reaching hand as transfer pricing disputes come to a head

By: Henry Lazenby     6th March 2017 With several Canadian miners embroiled in acrimonious standoffs with the Canadian Revenue Agency (CRA) regarding transfer pricing rules, mining companies will have to come to terms with increased levels of uncertainty in their tax profiles and will need to consider the impact of all changes, not... 

McEwen swings back into the black on strong asset performance

By: Henry Lazenby     2nd March 2017 Precious metals producer McEwen Mining has reported a profit of $21.1-million, or $0.07 a share, for 2016, compared with a net loss of $20.5-million, or $0.07 a share, in 2015. The Colorado-incorporated miner, which operates the El Gallo mine, in Mexico, and has a 49% interest in the San José... 

First Majestic announces operational team shake-up

By: Henry Lazenby     28th February 2017 The TSX-listed stock of First Majestic Silver on Tuesday responded positively to a premarket announcement that the company has appointed VP of operations Dustin VanDoorselaere as its new COO. VanDoorselaere will take up the new position on March 1. 

BHP says `bloody awful' trade pledges threaten Trump's pump

By: Bloomberg     28th February 2017 The head of the world’s biggest mining company intensified his warnings that US trade protectionism under President Donald Trump would threaten global growth and the fight against poverty. While applauding efforts by the administration to boost US growth and infrastructure spending, BHP Billiton... 

Argonaut secures 420 ha mineral concession from Fresnillo

By: Henry Lazenby     24th February 2017 TSX-listed Argonaut Gold has secured 420 ha of land under mineral concessions owned by a subsidiary of Fresnillo, and which covers known projections of mineralisation that are part of its 100%-owned El Castillo mine, in Mexico. Argonaut subsidiary Minera Real Del Orohas has entered into an... 

Growth in copper supply to slow through 2020 – ICSG

By: Henry Lazenby     24th February 2017 Global copper mine production growth is expected to slow to 2.5% a year through 2020, down from an average growth rate of almost 4% a year in the last five years, the International Copper Study Group (ICSG) said on Thursday. The Lisbon, Portugal-based think tank cited continued delays in project... 

Alamos narrows Q4 loss as buoyant outlook bolsters guidance

By: Henry Lazenby     24th February 2017 Intermediate Canadian miner Alamos Gold on Thursday reported a net loss of $20.6-million, or $0.08 a share, for the three months ended December 31, citing stronger earnings from operations, offset by unrealised foreign exchange losses in both the foreign exchange and the deferred tax items. This... 

Primero’s shares fall on announcement of drop in contained reserves

By: Henry Lazenby     22nd February 2017 The TSX-listed stock of Canadian precious metals producer Primero Mining on Wednesday took a 10% knock after the company announced a 24% year-over-year decrease in gold reserves. The Vancouver-based company, which operates mines in Canada and Mexico, also reported a 20% year-on-year decrease in... 

Bacanora buys 50% stake in German lithium project

By: Anine Kilian     21st February 2017 Aim- and TSX-V-listed Bacanora will acquire a 50% stake in the Zinnwald lithium project, in Germany, from European solar panel producer SolarWorld for €5-million, plus an undertaking to invest a further €5-million on a feasibility study (FS). The FS is expected to take 18 to 24 months to complete. 

New US President may benefit the resources sector

By: Henry Lazenby     17th February 2017 While Donald Trump is likely to lower US corporate taxes, bringing US dollars back into the country and rebuilding American infrastructure through a massive $1-trillion spending programme, the new President is coming in at the “US midnight”, Euro Pacific Capital founder and CEO Peter Schiff says.... 

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