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Silver News

Sabina makes first drawdown on $125m gold stream

By: Creamer Media Reporter      29th September 2022 Precious metals company Sabina Gold & Silver has drawn $31.25-million on its $125-million gold stream facility with Wheaton Precious Metals. The proceeds of the stream are being used to continue development and construction of the Goose mine at its 100%-owned Back River gold district, in Nunavut. 

Minerals Council ‘absolutely adamant’ about need for commercially available cadastre  

By: Martin Creamer     29th September 2022 The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include... 

Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell.
Junior and Emerging Miners Desk webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Metals for cleaner future being turned to account in minerals-endowed Northern Cape 

By: Martin Creamer     28th September 2022 South Africa’s critical minerals potential is being highlighted in an increasingly promising manner by Orion Minerals, the Sydney- and Johannesburg-listed company that is showing the way in the minerals-endowed Northern Cape. Orion, headed by its Boksburg-born CEO Errol Smart, is poised to bestow... 

Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.
Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.

Green hydrogen, fuel cells important part of any future energy system, says global strategist  

By: Martin Creamer     27th September 2022 Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM)... 

Dr David Hart, E4tech.
E4tech’s Dr David Hart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africans urged to turn exploration into Big Hairy Audacious Goal  

By: Martin Creamer     24th September 2022 South Africans have been urged to rally around exploration as this country's Big Hairy Audacious Goal – a BHAG – so that what is described as "our lowest hanging economic fruit" can be turned to positive account. Council for Geoscience CEO Mosa Mabuza, who was speaking in support of the junior... 

Council of Geoscience CEO Mosa Mabuza.
Council for Geoscience CEO Mosa Mabuza, covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New fund-raising product appropriate for junior miners, says JSE  

By: Martin Creamer     23rd September 2022 The JSE has a new product that is appropriate for fund-raising by junior mining companies, JSE origination and deals head Sam Mokorosi said on Friday. Mokorosi, who was speaking at Minerals Council South Africa’s Junior and Emerging Miners Desk webinar, highlighted the new product against the... 

JSE origination and deals head Sam Mokorosi.
Minerals Council South Africa’s Junior Miner Webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

World’s largest battery-electric mine truck heading for commercial availability in 2024  

By: Martin Creamer     21st September 2022 The world’s largest battery-electric truck for underground mining is on its way to becoming commercially available in 2024. Sandvik’s 65 t TH665B machine removes between 1 t and 2 t of carbon dioxide (CO2) a day, along with heat and noise. 

Jakob Rutqvist, Sandvik VP strategy and commercial for battery and hybrid/electric-vehicles business unit of Sandvik Mining & Rock Solutions.
Sandvik VP Jakob Rutqvist interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Minerals Council urges faster inclusion of private electricity suppliers 

By: Martin Creamer     19th September 2022 The Minerals Council South Africa supports President Cyril Ramaphosa’s electricity recovery plan and urges more rapid private sector participation in resolving the country’s deepening electricity crisis. Minerals Council members have 6 500 MW of embedded energy projects in the pipeline which will... 

Minerals Council South Africa CEO Roger Baxter.
Minerals Council South Africa CEO Roger Baxter.

Kavango acquires an additional 65% in LVR JV

By: Darren Parker     16th September 2022 Botswana-focussed metals exploration company Kavango Resources has completed the acquisition of a further 65% of the LVR joint venture (JV) through the execution of a sale purchase agreement with exploration company LVR GeoExplorers. The acquisition takes Kavango's holding in the LVR JV to 90%... 

Fresnillo expects to launch Juanicipio mine operations in October

By: Reuters     14th September 2022 Mexican precious metals miner Fresnillo said Tuesday it expects to begin operating a mine in central Mexico owned by Canada's Mag Silver by the end of October, following months of delays. Fresnillo, the world's leading silver producer, and Mag Silver had agreed in April 2019 to develop the... 

Excellon ‘at inflection point’; considers German spin-out

By: Mariaan Webb     13th September 2022 Toronto- and New York listed Excellon Resources is considering spinning out its Silver City project, in Saxony, Germany, to shareholders as a new European-focused greenfields exploration company, the miner reported on Monday. “The company is at an inflection point, where to continue growing we... 

Aya moves to 100% ownership of Morocco silver mine

By: Mariaan Webb     13th September 2022 Canada-based Aya Gold & Silver on Monday announced a transaction with the government of Morocco, which not only increased its ownership of the Zgounder silver mine to 100%, but also the review and evaluation of additional exploration ground in the country. The TSX- and OTCQX-listed company... 

Ministers follow President in visiting Jagersfontein diamond disaster area

By: Martin Creamer     12th September 2022 Following the visit of President Cyril Ramaphosa to the Jagersfontein-Charlesville area in the Free State, Minerals Resources and Energy Minister Gwede Mantsashe will today visit the diamond tailings deposition dam that burst its banks, killing at least one person and destroying homes. Mineral... 

Google map of the Jagersgontein tailings dam, which has burst its banks.
Photo by Google Maps
Google map of the Jagersgontein tailings dam, which has burst its banks.

One-year payback on Eskay Creek’s C$592m capex

By: Mariaan Webb     9th September 2022 The feasibility study for the Eskay Creek gold/silver project, in the Golden Triangle of British Columbia, has delivered robust economics, with an aftertax internal rate of return (IRR) of 50.2% and an industry-leading one-year payback on preproduction capital of C$592-million. Using a gold... 

One-year payback on Eskay Creek’s C$592m capex

Sabina formally commits to building C$610m Nunavut mine

By: Mariaan Webb     7th September 2022 Canadian company Sabina Gold & Silver has formally committed to building the C$610-million Goose mine in Nunavut, with full construction set to start in 2023 and first production in 2025. The Goose mine is Sabina’s first mine on the 80-km long Back River gold district, a multi-generational... 

Sabina formally commits to building C$610m Nunavut mine

Cash-strapped Great Panther files for creditor protection, idles Brazil mine

By: Mariaan Webb     7th September 2022 Precious metals miner Great Panther Mining on Tuesday filed for creditor protection, as the company warned that it would likely default on several material debtor agreements owing to liquidity constraints. The TSX-listed miner also announced that it would place its Tucano gold and silver mine,... 

Cash-strapped Great Panther files for creditor protection, idles Brazil mine

Underground resource estimated at Bowdens

By: Esmarie Iannucci     5th September 2022 Junior Silver Mines has reported a maiden mineral resource of 42.9-million ounces of silver equivalent at the Bowdens underground project, in New South Wales. The underground mineral resource estimate resulted from 34 942 m of diamond drilling completed in 2021 and 2022.  

Silver Bull option agreement with South32 scuppered by illegal blockades

By: Creamer Media Reporter      2nd September 2022 Mineral exploration and development company Silver Bull Resources has announced the termination of an option agreement with a subsidiary of South32, citing the illegal blockades at the Sierra Mojada project, in Mexico. The ongoing blockades are preventing South32 from progressing exploration... 

i-80 makes high-grade silver-rich discovery at Ruby Hill

By: Mariaan Webb     31st August 2022 Dual-listed i-80 Gold has discovered high-grade, silver-rich polymetallic carbonate replacement (CRD) mineralisation in drilling at the Hilltop target at Ruby Hill in Nevada, which the company believes offers a substantial opportunity. Hilltop is one of five conceptual exploration targets... 

Endeavour Silver appoints new chairperson

By: Creamer Media Reporter      30th August 2022 Midtier precious metals miner Endeavour Silver lead director Rex McLennan has stepped into the position of chairperson to replace Bradford Cooke, who passed away last week. McLennan joined the company as an independent director in June 2007, appointed as chairperson of the audit committee. As an... 

Shirley Hayes sheds more light on next month’s copper listing on the JSE’s AltX  

By: Martin Creamer     29th August 2022 Shirley Hayes, the founder and CEO of SHiP Copper, into which Big Tree Copper will be reversed when Copper 360 lists on the AltX of the Johannesburg Stock Exchange (JSE) next month, on Monday shed more light on the way forward for what will be South Africa’s only pure copper play on the JSE. “It... 

Shirley Hayes, the founder and CEO of SHiP Copper.
SHiP Copper CEO Shirley Hayes interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Glencore to end silver streaming deal with Wheaton on Peru mine

By: Reuters     19th August 2022 Wheaton Precious Metals agreed to end its so-called silver "streaming" deal with Glencore on Peru's Yauliyacu mine for $150-million, the Canadian company said on Thursday, so that Glencore could divest the mine. Pioneered by Wheaton, the streaming model is a type of alternative financing in the... 

South Africans called on to apply for funding to build South Africa’s hydrogen economy 

By: Martin Creamer     19th August 2022 A call for funding applications to be submitted for the development of the hydrogen economy is made in an advertisement placed today by South Africa’s Technology Innovation Agency (TIA), an entity of the Department of Science and Innovation (DSI). The call is for funding applications to be... 

Call for applications for funding for developing the hydrogen economy in South Africa.
Call for applications for funding for developing the hydrogen economy in South Africa.

Endeavour Silver chairperson Bradford Cooke dies

By: Mariaan Webb     19th August 2022 Mid-tier precious metals miner Endeavour Silver on Thursday announced the passing of its founder, director and executive chairperson Bradford Cooke in Vancouver at the age of 67. Cooke’s death was sudden and unexpected, the NYSE- and TSX-listed company said in a statement. 

Bradford Cooke has passed away at the age of 67
Bradford Cooke has passed away at the age of 67

Environmental, social and governance elevating to safety-equalling status, mining webinar hears  

By: Martin Creamer     11th August 2022 The shift from linear to circular value chains has the potential to impact all aspects of mining and requires a rethink, Anglo American Platinum sustainable impact head Stephen Bullock has told a Southern African Institute of Mining and Metallurgy (SAIMM) webinar. In a presentation on the... 

Anglo American Platinum sustainable impact head Stephen Bullock.
Southern African Institute of Mining and Metallurgy webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Endeavour Silver outperforms mine plans

By: Mariaan Webb     10th August 2022 Dual-listed Endeavour Silver has raised its 2022 guidance, as the miner continues to outperform its mine plans, delivering an “exceptional” second-quarter production performance that was 15% above plan. The company increased its production outlook to between 7.6-million and 8-million... 

Worst-performing precious metal silver may have seen bottom

By: Bloomberg     9th August 2022 Silver’s been the worst-performer among major precious metals in 2022, but prices may have fallen far enough to spark a modest recovery. The white metal has lost about 11%, weighed down by the stronger US dollar, rising interest rates and slowing growth. But prices could turn higher from later... 

Chile sinkhole grows large enough to swallow France's Arc de Triomphe

By: Reuters     8th August 2022 A sinkhole in Chile has doubled in size, growing large enough to engulf France's Arc de Triomphe and prompting officials to order work to stop at a nearby copper mine. The sinkhole, which emerged on July 30, now stretches 50 meters (160 feet) across and goes down 200 meters (656 feet). Seattle's... 

Fresnillo weathering labour, inflation and supply chain storm – CEO

By: Mariaan Webb     2nd August 2022 Mexico-focused silver and gold miner Fresnillo has reported a good first-half financial performance despite global supply chain bottlenecks, cost inflation and a tight labour market. These difficulties remain and will have “some impact” in the second half of the year, CEO Octavio Alvidrez says,... 

President Ramaphosa’s got it right, says ex-Eskom CEO on new energy plan  

By: Martin Creamer     1st August 2022 African Rainbow Energy and Power CEO and former Eskom CEO Brian Dames concurs fully with the energy plan unveiled by President Cyril Ramaphosa. “I think he’s got it right,” was Dames's summing up of the President's energy initiative during a discussion at the Coal & Energy Transition Day, covered... 

Creamer Media screenshot image.
Coal & Energy Transition Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Radical renewables, hydrogen ramp-up needed, coal energy transition day hears 

By: Martin Creamer     27th July 2022 A radical ramp-up of renewable energy and green hydrogen capacity will be needed by 2040 to take South Africa towards a net-zero climate change commitment, the Coal & Energy Transition Day heard on Wednesday. On the coal-fired power front, South Africa would from the 2040s/2045s need to have... 

Creamer Media screenshot.
Photo by Creamer Media
Presidential Climate Change Commission executive director Chrispian Olver.

Fresnillo expects to meet 2022 guidance

By: Mariaan Webb     27th July 2022 London-listed Fresnillo has reported solid quarterly results, keeping the miner on track to achieve its 2022 guidance of 50.5-million to 56.5-million ounces of silver and 600 000 oz to 650 000 oz of gold production. The Mexico-focused miner produced 14.4-million ounces of silver production in... 

World-first hydrogen haul truck operational from August – Anglo Platinum  

By: Martin Creamer     27th July 2022 The pilot world-first hydrogen haul truck launched early in the year, has had some final changes made to it before it heads into the pit and goes into operational mode from August. Meanwhile, the second prototype is already underway, where learnings from the first truck are being taken into the... 

Anglo American's nuGen truck.
Anglo Platinum CEO Natascha Viljoen interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Galena sets production target for 2023

By: Esmarie Iannucci     22nd July 2022 Base metals developer Galena Mining has set a production target of between 53 000 t and 68 000 t of lead from its Abra project, in Western Australia, for the 2023 financial year. Construction at the A$170-million Abra project is some 75% complete, Galena reported this week, and first concentrate... 

GCM’s gold and silver production up year-on-year

By: Darren Parker     18th July 2022 TSX-listed GCM Mining produced 16 370 oz of gold in June at its Segovia operations, in Colombia, bringing the total for the second quarter to 53 198 oz, compared with 52 198 oz a year prior. On July 18, GCM reported that it had also produced 85 741 oz of silver for the quarter, up from 54 573 oz... 

Ladd-Kruger joins SilverCrest board

By: Creamer Media Reporter      18th July 2022 Anna Ladd-Kruger has been appointed to the board of Canadian precious metals company SilverCrest Metals. She brings a strong financial background and extensive mining industry experience from her more than 20-year career, the company says. “As we continue to advance the Las Chispas mine to... 

Basing analysis solely on data can result in treasure being mistaken for trash  

By: Martin Creamer     15th July 2022 Applying subject matter expertise to process data streams for accuracy is a necessary part of mining’s new digital age, according to SRK Consulting Global chief technology officer Mike Olsen. Olsen, the leader of SRK’s data engineering team, spoke to Mining Weekly in a Zoom interview from Canada.... 

How to avert the risk of valuable information being disregarded.
SRK Consulting Global chief technology officer Mike Olsen interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New mining Bill major threat to jobs and investment, must be strenuously opposed – ENSafrica  

By: Martin Creamer     14th July 2022 A new draconian mining industry draft Bill, which threatens jobs and investment – and can even impose a penalty of 10% of turnover on a mine company, along with corporate manslaughter charges – must be “very, very strenuously opposed", top South African mining industry lawyer Willem Le Roux urged... 

Creamer Media screenshot
Photo by Creamer Media
Presenting ENSafrica webinar are from top anti-clockwise Willem Le Roux, Pieter Colyn and Celeste Coles.
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