Silver Wheaton Q1 profit improves by 20%

Royalties and streaming firm Silver Wheaton on Monday posted a 20% year-on-year increase in first-quarter net earnings to $147.2-million, or 42c a share, driven by increased demand from mines with which the company has off-take agreements. The...

Silver Wheaton’s Smallwood among Canaco directors in BCSC’s sights

Securities Regulators in British Columbia (BC) on Tuesday accused directors at Vancouver-based exploration firm Canaco Resources, as well as Silver Wheaton CEO Randy Smallwood, a former director, of delaying the release of drilling results before...

Revett to relook Rock Creek capital costs this year

Revett Minerals, which this week reported a $13.5-million profit for 2011, will update the capital estimate for its planned Rock Creek mine in Montana this year, CEO John Shanahan said. The company previously estimated the mine would cost...

Cash-gushing Silver Wheaton ogles bigger deals

Silver Wheaton, which announced a $550-million profit for 2011, will be looking to do streaming deals as big a $1-billion, CEO Randy Smallwood said on Friday. Companies, which sell future silver production at a set price to Silver Wheaton to fund...

Silver Wheaton's Q4 profit up 17%

Silver Wheaton on Thursday said fourth-quarter earnings climbed 17% to $144.7-million, as attributable production increased 12% to 6.9-million silver equivalent ounces. Average cash costs edging up to $4.06/oz from $4.02/oz in the last quarter of...

Gold Fields spurns novel gold-linked dividend idea, rejects quarterly dividends

Gold major Gold Fields will not adopt the novel gold-price-linked dividend payment initiative that has been introduced in North America to reward shareholders optimally at a time when gold is on centre stage. The company is also against the...

Nevsun names former Silver Wheaton VP Bourchier COO

Nevsun Resources, which operates the Bisha gold mine in Eritrea, on Thursday appointed Frazer Bourchier as COO. Bouchier, an engineer, will have oversite of the mine, and will also help Nevsun’s management to seek out acquisitions of producing...

Gold Fields spurns novel gold-linked dividend idea, rejects quarterly dividends

Gold major Gold Fields will not adopt the novel gold-price-linked dividend payment initiative that has been introduced in North America to reward shareholders optimally at a time when gold is on centre stage. The company is also against the...

Now Silver Wheaton pegs its dividend to metal prices

Keeping with the latest fad among North American precious metals producers, Silver Wheaton announced on Wednesday it would also be linking its dividend to metal prices, though indirectly so. The company said it would pay a dividend equal to...

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...

Primero sets ball rolling seeking Mexican tax changes

Primero Mining, which abandoned a merger with Toronto- and New-York-listed peer Northgate Minerals in August after AuRico bid more for the company, said on Tuesday it started formal proceedings seeking a more favourable tax rate for its Mexican...

Primero names new operations officer

Renaud Adams, Iamgold Americas operation VP joins Primero Mining as COO this week, the Mexican silver producer announced on Tuesday. Before taking up the VP role at TSX-listed Iamgold last year, Adams had been in charge of the company’s Rosebel...