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Topic

Bolívar mine, Mexico

By: Thabi Madiba     26th May 2017 A copper/silver/zinc/gold mine located in Urique, in Mexico. 

Arian Silver to step up lithium exploration, eyes acquisitions

By: Mariaan Webb     25th May 2017 London-headquartered Arian Silver is stepping up efforts to expand its lithium business, announcing on Thursday that it had raised £600 000, part of which will be used to assess the feasibility of additional lithium acquisitions. The company recently announced its interest in buying additional... 

Access to First Majestic’s La Encantada mine blocked by rogue protestors

By: Henry Lazenby     24th May 2017 A group of rogue unionised employees at First Majestic Silver’s La Encantada mine, in Mexico, has formed an illegal blockade, blocking access to the mine and forcing operations to a halt, the company reported Wednesday. These rogue workers cited disagreement with the most recent bonus pay-out,... 

Australia to benefit from ‘TPP minus one’ free trade deal – MCA

By: Esmarie Swanepoel     22nd May 2017 The Minerals Council of Australia (MCA) has welcomed the revival of the Trans-Pacific Partnership (TPP), saying Australia would stand to gain significant economic benefits from the regional trade agreement. Eleven Asia-Pacific countries, including Australia, over the weekend agreed to revive the... 

Azure on the hunt for new projects

By: Esmarie Swanepoel     18th May 2017 Junior Azure Minerals is hunting for its next flagship project in Mexico, with MD Tony Rovira saying that the company has shortlisted a number of potential projects. Rovira told delegates at the Paydirt Latin America Downunder conference in Perth, that Azure had evaluated between 60 and 70... 

Mining Maverick lured out of hiatus by billion-dollar gold dream

By: Bloomberg     18th May 2017 Frank Giustra likes to see big where others think small. The Canadian mining magnate’s latest target is a subterranean patch of red earth in southwestern Mexico. In January his new undertaking, Leagold Mining, bought the Los Filos mine from Goldcorp for $350-million. It wasn’t the openpits... 

SolarWorld insolvency won't impact on German lithium project – Bacanora

By: Mariaan Webb     15th May 2017 Lithium exploration and development company Baconora has expressed its confidence in the Zinnwald project, in Germany, after its 50% partner, SolarWorld AG, announced its intention to file for bankruptcy protection. TSX-V and Aim-listed Baconora in February signed an agreement with SolarWorld to... 

Mine planning software a must for modern miners

By: Robyn Wilkinson     12th May 2017 In the face of numerous technical challenges, as well as the overall drive to reduce mining costs and improve efficiency amid commodity price volatility, miners globally can no longer afford to operate without using modern analytical, modelling, simulation and optimisation software, says mining... 

Silver Wheaton lifts bottom line 49% as streaming volumes jump

By: Henry Lazenby     10th May 2017 Canadian precious metals streaming firm Silver Wheaton has reported bumper profit for the first quarter ended March, as precious metals received in the period rose and prices increased. The Vancouver-based firm reported net earnings of $61-million, or $0.14 a share, compared with $41-million, or... 

McEwen sinks to quarterly loss

By: Mariaan Webb     5th May 2017 Precious metals producer McEwen Mining has reported a first-quarter loss of $3-million, or $0.01 a share, compared with net income of $13-million in same period of 2016. The net loss was mainly the result of a $6.4-million increase in gold and silver sales from the El Gallo mine, in Mexico, and a... 

First Majestic Silver Q1 earnings rise on higher silver price

By: Mariaan Webb     5th May 2017 Precious metals producer First Majestic Silver increased its first-quarter net earnings by 50% quarter-on-quarter to $2.7-million, or earnings a share of $0.02, helped by a higher silver price and lower all-in sustaining costs (AISC). The Vancouver-based miner, which operates six mines in Mexico,... 

Guanaceví mine, Mexico

By: Sheila Barradas     5th May 2017 A silver/gold mine located in the north-west portion of the Mexican state of Durango, about 3.6 km west of Guanaceví. 

Southern Copper profit rises 70% on higher metals prices

By: Reuters     4th May 2017 Southern Copper on Wednesday reported net income of $314.4-million for the first quarter, up 70% from $185.1-million a year earlier and 82% above the $172-million posted in the fourth quarter of 2016. Southern Copper, owned by Grupo Mexico, is one of the world's largest copper producers and... 

Mexican miner Grupo Mexico's net profit slips in first quarter

By: Reuters     4th May 2017 Mexican mining, rail and infrastructure company Grupo Mexico on Wednesday reported a 10.75% year-on-year drop in its net profit in the first quarter, hurt by a slip in copper output higher costs. The company, one of the world's top copper producers, said in a report to Mexico's market bourse... 

Primero rallies despite cost concern; lowers guidance

By: Henry Lazenby     3rd May 2017 The New York-listed stock of Canadian precious metals producer Primero Mining has rallied by some 18% Wednesday morning after the company reported first-quarter operating and financial results, and provided 2017 guidance for the first time this year. The company’s flagship San Dimas mine, in... 

Centerra reports strong start to 2017, builds up to crescendo by year end

By: Henry Lazenby     2nd May 2017 Canadian miner Centerra Gold has impressed the market with its notable first-quarter earnings increase of 215% year-on-year, underpinned by strong performance at its flagship Kumtor mine, in Kyrgyzstan, and the Mount Milligan mine, in British Columbia. The Toronto-headquartered company reported... 

New Gold swings back into the black as Q1 revenues, cash flow rise

By: Henry Lazenby     27th April 2017 Precious metals producer New Gold has performed better than expected during the March quarter, as it benefitted from a higher metal prices and higher gold sales volumes, partially offset by lower copper and silver sales. The TSX- and NYSE MKT-listed miner reported adjusted net earnings for the... 

Goldcorp posts Q1 earnings surprise as cost-cutting measures gain traction

By: Henry Lazenby     27th April 2017 Canadian gold major Goldcorp has beaten average analyst forecasts for its first-quarter earnings as the company’s sustainable efficiency programme gains traction. The Vancouver-based miner on Wednesday reported net earnings for the three months ended March 31, of $170-million, or $0.20 a share,... 

Higher prices revive Capstone outlook for Minto mine

By: Henry Lazenby     27th April 2017 Vancouver-based base metals producer Capstone Mining believes that copper prices have risen and stabilised enough to warrant it keeping the Minto mine, in Canada’s Yukon Territory open until at least 2020, and perhaps beyond. The company has been threatening to close the mine because of low metal... 

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.... 

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... 

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... 

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... 

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... 

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