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Argonaut adds resources at its two operating assets

By: Henry Lazenby     23rd September 2017 On the heels of pouring first gold at its brand-new San Agustin project earlier this week, Mexico-focused miner Argonaut Gold has also increased the pit-constrained resources at its two operating mines, the company has advised. At El Castillo, the Toronto-based miner added about 328 000 oz of... 

Alamos expands revolver by $250m

By: Henry Lazenby     22nd September 2017 TSX- and NYSE-listed miner Alamos Gold has reached agreement with its syndicate of lenders to increase its undrawn existing $150-million revolving credit facility by $250-million to $400-million on more favourable terms the company announced on Thursday. Based in Canada’s financial capital... 

Primero’s fall from grace accelerates on San Dimas ramp-up delay

By: Henry Lazenby     22nd September 2017 Precious metals producer Primero Mining’s proverbial fall from grace is near complete with the company once more trading in penny stock territory since early September – a level last seen in 2009 and a far cry from its peak at C$8.89 a share in July 2014. The Toronto-based company’s NYSE- and... 

Leagold ‘turning a corner’ at Los Filos as Bermejal upside beckons 

By: Henry Lazenby     19th September 2017 Gold miner Leagold Mining is making good progress with transforming the 200 000 oz/y-plus Los Filos mine into a strong, long-lived growth platform with which it can pursue other growth opportunities in Latin America. Speaking to Mining Weekly Online in Vancouver (see attached video), president... 

Bullish outlook for Canadian crude, natural gas provides investment opportunities

By: Henry Lazenby     15th September 2017 Two reports issued this week point to a significantly increased global appetite for fossil fuels like oil and gas, presenting an investment opportunity for energy speculators. While renewables are forecast to be the fastest-growing energy source, fossil fuels will continue to be important and... 

Gold miners seek safety as political risks rise

By: Reuters     15th September 2017 Canadian miner Eldorado Gold's threat this week to freeze investments in Greece after years of frustrating and costly permit delays highlighted the risks the industry faces when it strays away from mining-friendly countries. After moving into higher-risk countries in recent years to mine new... 

Directors up stake in Bacanora as Cadence sells 8.9m shares

By: Mariaan Webb     8th September 2017 UK-based mining investment firm Cadence Minerals has realised profit of £2.7-million on the partial sale of its equity stake in Bacanora Minerals, which is developing the Sonara lithium project in Mexico. Cadence sold 8.90-million shares, representing 42% of its equity stake in Bacanora, for... 

Nokeng mulling two or three more fluorspar mines by 2026 as huge shortage is predicted

By: Mia Breytenbach     8th September 2017 Following the breakthrough of opening the first new mine in Gauteng, South Africa, in the last 12 years, which is being developed by producer SepFluor’s wholly owned Nokeng fluorspar mine, the company aims to become vertically integrated in the fluorspar value chain in future. Fluorite ore is... 

Benefits of coarse particle flotation tech

     8th September 2017 Coarse particle flotation (CPF) technology can increase mill throughput by as much as 15% to 20% while reducing energy and media consumption, and provides a coarse tailings stream, without a loss in mineral recovery, says Canada-headquartered global flotation technology provider Eriez Flotation.  

Nokeng mulling two or three more fluorspar mines by 2026 as huge shortage is predicted

By: Mia Breytenbach     8th September 2017 Following the breakthrough of opening the first new mine in Gauteng, South Africa, in the last 12 years, which is being developed by producer SepFluor’s wholly owned Nokeng fluorspar mine, the company aims to become vertically integrated in the fluorspar value chain in future. Fluorite ore is... 

Alamos pours first gold at La Yaqui; to reduce the cost profile of Mulatos district

By: Henry Lazenby     7th September 2017 Dual-listed Canadian gold producer Alamos Gold has substantially completed construction of the first phase of the La Yaqui mine, near its cornerstone Mulatos mine, in Mexico, the Toronto-based company said on Thursday. Gold production at the satellite deposit has started and is expected to... 

Weir Minerals expands its unique service network to be even closer to customers around world

     7th September 2017 With changing market conditions and improvement expected over the next two years, Weir Minerals is positioning itself even closer to its customers. The company has announced its ambitious growth plans, building upon its leading 130 service centres strategically positioned across the globe.... 

Consolidated Zinc ups Mexican resource

By: Esmarie Swanepoel     4th September 2017 unior Consolidated Zinc has reported a 70% increase in the zinc resource at its Plomosas zinc/lead/silver project, in Mexico. The project is estimated to contain a resource of some 968 000 t, grading 15.9% zinc and lead for 154 000 t of contained metal. 

Investment in Mexican mining seen rising after four-year downturn

By: Reuters     4th September 2017 Investment in Mexico's mining industry is expected to rise this year due in large part to a global recovery in metal prices after four years of declines, according to projections from the sector. Mexico's mining chamber predicts mining investments will total $5-billion by the end of the year, a... 

McEwen, Primero formalise Black Fox acquisition accord

By: Henry Lazenby     29th August 2017 Gold producer McEwen Mining has signed a binding definitive agreement with Primero Mining to buy the Black Fox Complex, in the historic Timmins mining camp of Ontario, for $35-million, the company announced on Tuesday. In combination with McEwen’s earlier $54-million acquisition of Lexam VG Gold,... 

Hencon Vacuum Technologies

     29th August 2017 Gauteng-based Hencon Vacuum Technologies, a specialist company in the Hencon Group, is one of the leading companies in the design, manufacture, supply and support ... 

Dos Santos International To Supply High Angle Conveyors For Buriticá Project

     24th August 2017 Marietta, GA - Dos Santos International is pleased to announce the award of a contract to provide two DSI Sandwich belt high angle conveyors, in cooperation with M3 Engineering, Tuscon, AZ USA for Continental Gold’s Buriticá project in Antioquia, Columbia. The DSI Sandwich high angle conveyors... 

Supplying lithium gets trickier as electric revolution looms 

By: Bloomberg     22nd August 2017 Hidden within the salt flats high in the Andes mountains of South America are vast deposits of the lithium that Elon Musk may need for his electric-car revolution. But extracting the mineral from brine ponds created by Orocobre has proved more difficult than expected. Bad weather and pump... 

Cadence in talks to sell stake in lithium developer Bacanora

By: Creamer Media Reporter      21st August 2017 UK-based mining investment firm Cadence Minerals is in negotiations to sell its interest in Aim- and TSX-V-listed lithium developer Bacanora Minerals, the company announced on Monday. Cadence said that during the course of discussions with institutional investors about the potential sale of its... 

Azure secures new flagship project in Mexico

By: Esmarie Swanepoel     15th August 2017 ASX-listed junior Azure Minerals has secured its next flagship project in the form of the Oposura zinc/lead/silver project, in Mexico. The company on Tuesday announced that it had taken full ownership of the advanced-stage project, which contained high-grade, massive sulphide-hosted zinc, lead... 

Wheaton Precious Metals hikes quarterly dividend 43% on sector-leading cash flow

By: Henry Lazenby     11th August 2017 Metals-streaming pioneer Wheaton Precious Metals (WPM) has increased its quarterly dividend by 43% to $0.10 a share, as its strong cash flow of $250-million during the first half of the year, combined with ample liquidity encouraged the board to return more cash to investors. Under the company’s... 

Primero craters as Q2 output, cash flow fall

By: Henry Lazenby     11th August 2017 Half the value of Canadian precious metals producer Primero Mining’s NYSE-listed stock has been wiped out on Thursday, after the company reported disappointing second quarter results indicating significant declines in output and cash flows. The dual-listed company, with its flagship San Dimas... 

Endeavour Silver sees 26% y/y decrease in Q2 production

By: Anine Kilian     4th August 2017 Mexico-focused silver producer Endeavour Silver has reported a 26% year-on-year decrease in silver production for the second quarter ended June 30, while silver ounces sold decreased by 34%. The NYSE- and TSX-listed company said in a statement on Thursday that financial performance during the... 

Record production, lower costs drive significant gains for Alamos

By: Samantha Herbst     4th August 2017 TSX- and NYSE-listed midtier gold miner Alamos Gold made significant gains in the second quarter ended June 30, with record production and lower costs driving the highest combined free cash flow in years from the company’s operations. Alamos produced a quarterly record 105 900 oz at cost of sales... 

Great Panther reports 20% revenue decrease in H1 earnings

By: Anine Kilian     3rd August 2017 Junior silver miner Great Panther Silver reported a 20% decrease in revenue for the six months ended June 30, 2017, primarily attributable to the 14% decrease in metal sales volumes, which had the effect of reducing revenue by $3.1-million.  Metal sales volumes were lower, despite the increase in... 

Radius sells Mexico property to Fortuna

By: Samantha Herbst     2nd August 2017 TSX-V-listed exploration company Radius Gold has completed the sale of its Tlacolula property, in Mexico, to TSX-listed Fortuna Silver Mines for $150 000 cash, about 240 000 Fortuna common shares and a 2% net smelter return royalty on the property. 

Leagold secures environmental permit for portal, ramp at Bermejal underground

By: Creamer Media Reporter      31st July 2017 TSX-listed Leagold Mining has received an environmental permit to develop a portal and ramp for the Bermejal underground deposit, which has the potential to increase gold production and extend mine life at Los Filos mine, in Mexico. With the portal and ramp design completed and being used for... 

Gold majors pump profits as costs fall, output rises

By: Henry Lazenby     27th July 2017 Several gold majors reported second-quarter results on Wednesday, showing rising profits amid lower costs and rising or stabilised production profiles. The world’s largest gold producer by output Barrick Gold reported headline earnings after market close on Wednesday of $261-million, or $0.22 a... 

Global lead production set to stagnate after 2017 acceleration

By: Natasha Odendaal     21st July 2017 Following a decline in overall lead production worldwide in 2016, a slight rise in prices will drive a short-lived acceleration in global lead mine production growth in 2017. Subdued prices and a weak project pipeline in several major lead-producing countries will bring this rapid rate of growth... 

Sierra Metals’ flagship Peru mine shines in Q2

By: Natasha Odendaal     18th July 2017 Consolidated metal production from triple-listed Sierra Metals decreased 3% during the second quarter of the year, the base metals miner said Monday. Sierra, a Canada-based growing polymetallic mining company, attributed the decrease to lower throughput, lower head grades and lower recoveries of... 

Leagold reports exploration success at Los Filos’ Bermejal deposit

By: Henry Lazenby     14th July 2017 Midtier gold producer Leagold Mining reported on Thursday that ongoing drilling of the Bermejal Undergound deposit at its Los Filos mine, in Mexico, has returned consistent high-grade mineralisation that holds the potential for a significant near-term resource upgrade. The TSX-V-listed company,... 

South African simulators commissioned in Madagascar

By: Simone Liedtke     14th July 2017 Mining company Sherritt International’s Ambatovy operation, in Madagascar, has commissioned its Cybermine heavy equipment operator training simulators from South African surface and underground mining simulator supplier ThoroughTec Simulation. 

Capstone improves Q2 output as mines bounce back

By: Henry Lazenby     13th July 2017 Shareholders rewarded Canadian copper producer Capstone Mining on Wednesday, pushing its TSX-listed stock up some 11% following the Vancouver-headquartered company reporting improved second-quarter production results. Copper output rose 15% quarter-over-quarter in the three months ended June,... 

India to bid for natural gas blocks in Lebanon

By: Ajoy K Das     11th July 2017 ONGC Videsh, the overseas arm of India’s exploration and production (E&P) major ONGC Limited, will bid for natural gas exploration and development blocks in Lebanon. In a statement issued late on Monday, India’s Petroleum and Natural Gas Minister, Dharmendra Pradhan, said the proposal of an... 

Leagold graduates to TSX main board

By: Henry Lazenby     8th July 2017 Midtier gold producer Leagold Mining has received conditional approval to list all its equities on the TSX main board – one of the main goals it set out to achieve this year. "Graduating to the TSX is another important milestone in our corporate development and gives us increased access to a... 

Strategic partners Minera Alamos, Osisko Gold Royalties asset hunting in LatAm

By: Henry Lazenby     8th July 2017 Empowered by its strategic investment partner Osisko Gold Royalties, Canadian explorer and project developer Minera Alamos is on the hunt for large contiguous mineralised blocks in Mexico and elsewhere in Latin America. “As markets continue to improve in the short term, we are aiming at putting... 

Santacruz looks to sell Gavilanes mine for $3.5m

By: Megan van Wyngaardt     3rd July 2017 TSX-V-listed Santacruz Silver Mining has signed a letter of intent (LoI) to sell its interest in the Gavilanes project in Durango, Mexico to an arm's-length third-party gold and silver producer for $3.5-million, plus value-added tax. Gavilanes is located in the central part of the Sierra Madre... 

Teck buys Goldcorp’s 21% stake in San Nicolás project, Mexico

By: Henry Lazenby     29th June 2017 Canadian diversified miner Teck Resources has agreed to buy Goldcorp’s 21% interest in the San Nicolás copper/zinc project, in Mexico’s Zacatecas state, for $50-million. The transaction will fully consolidate Teck’s ownership of the project and is part of Goldcorp’s ongoing strategy to pare... 

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