Hochschild Mining announces $425m Peru investment

Hochschild Mining will invest $425-million in two projects in Peru over the next two years, its executive chairperson said on Monday. The investment will go to argentiferous projects Inmaculada and Crespo, near the company's Arcata and Pallancata...

Fortuna Silver more than doubles income

TSX-listed Fortuna Silver Mines on Wednesday reported its first-quarter net income increased by 132% to $11.11-million as a result of higher silver production. The company produced 118% more silver than a year ago, owing to 11% higher silver...

McEwen Mining gold, silver output dip

TSX- and NYSE-listed McEwen Mining on Wednesday said first-quarter production at the San Jose mine totalled 1.36-million ounces of silver and 20 357 oz of gold – down from production in the same period last year. The San Jose mine, in which...

McEwen holds 33% of treasury in gold and silver

McEwen Mining, the product of the January fusion of US Gold and Minera Andes, said on Thursday its San Jose mine in Argentina produced 1.45-million ounces of silver and 20 934 oz of gold in the fourth quarter. The TSX- and NYSE-listed firm also...

M&R installs egress system at Finsch diamond mine in 11 days

Shaft sinking, contract mining and raise-and shaftboring technology service provider Murray & Roberts Cementation has completed the implementation of an emergency egress system, over 11 days, at diamond miner Petra Diamonds’ Finsch mine.

Plethora of precious metals entrants leaves some vulnerable, says McEwen

Prepare for more mergers and acquisitions in the precious metals space as a flood of new entrants leaves some of them suffering from market neglect, Rob McEwen, who merged two miners to form McEwen Mining said this week. The midtier and senior...

Minera Andes and US Gold shareholders green-light combination

US Gold and Minera Andes shareholders on Thursday voted in favour of the gold and silver producers merging to form McEwen Mining, with the new company set to start trading on the NYSE and TSX by the end of January. The deal is a major step in the...

Minnow looks to sell silver streams in historic Mexican dumps

Silver Pursuit, which owns silver properties in Mexico’s Alamos, hopes to prove it has enough resources at its La Quintera project to produce in the region of five-million ounces yearly, CEO Adrian Robertson said on Monday. Speaking in a...

US Gold hires COO

Toronto-based US Gold has appointed William Faust as COO from August 1, the company said on Wednesday. Faust worked most recently as COO at Crystallex International, and has also worked for Nevada Pacific Gold, Pan American Silver and Eldorado Gold.

McEwen wants $5bn market cap by 2015

Goldcorp founder Rob McEwen has announced plans to merge two junior companies he runs into a new Americas-focused miner, and wants the merged entity, to be named McEwen Mining, to qualify for the S&P 500 index by 2015. McEwen is the CEO,...

Arian Silver reports concentrate thefts from Mexico mill

Junior Arian Silver has uncovered what it believes were a series of silver-bearing concentrate thefts from its San Jose mine and mill during the first quarter of this year, The company had reported lower than expected recoveries at the mill that...

Minera Andes defers spin-out of Argentina copper project

TSX-listed Minera Andes will defer the planned spin-out of its Los Azules copper project into a new company, the firm said, citing “weaker financial markets, financing uncertainties, and a delayed legal decision”. A court case, brought by...