https://www.miningweekly.com
R/€ = 16.09 Change: -0.08
R/$ = 14.36 Change: -0.11
Au 1273.27 $/oz Change: -0.34
Pt 892.18 $/oz Change: -3.70
 

Silver News

Underground copper project start remains on track

19th April 2019 Copper ore company Nevada Copper has confirmed that its Pumpkin Hollow underground copper project remains on target to start production in the fourth quarter this year. Pumpkin Hollow is located in Nevada, in the US and has substantial reserves and resources including copper, gold and silver. 

Polymetal reports big jump in production

By: Creamer Media Reporter      18th April 2019 Russian gold and silver producer Polymetal on Thursday reported a 27% year-on-year increase in first-quarter gold-equivalent (GE) production, on the back of a strong performance from its Kyzyl mine and steady operational performance at its other mines. GE production increased to 374 000 oz. Gold... 

Moroccan miner Managem considering raising $200m in bond sales

By: Reuters     17th April 2019 Morocco's leading mining firm Managem says it is considering raising $200-million through the sale of nonconvertible bonds with a maturity of up to seven years, to fund its development plans. The terms of the issuance will have to be approved by its general assembly on May 6, Managem said in a... 

Judge revokes water-use permit for Hecla’s Montana project

By: Mariaan Webb     17th April 2019 A judge in the US state of Montana has reversed the award of a water-use permit for Idaho-based Hecla Mining subsidiary, RC Resources’ Rock Creek silver/copper mine. Montana District Court Judge Kathy Seeley sided with plaintiffs who argued that their concerns regarding the impact that the... 

First Majestic reports solid start to 2019

By: Creamer Media Reporter      17th April 2019 Mexico-focused miner First Majestic Silver has had a solid start to 2019, with its first-quarter production reaching 6.3-million silver-equivalent ounces (SEOs). This compares with 3.9-million SEOs in the same quarter of 2018, and 6.5-million SEOs in the fourth quarter of last year. 

Court ruling not affecting Almaden’s Ixtaca project

By: Creamer Media Reporter      16th April 2019 Vancouver-headquartered Almaden Minerals on Monday clarified that the mineral claims subject to a court ruling about the constitutionality of the Mexican title system did not form part of the current claims covering its Ixtaca deposit. A lower court in Puebla state had reportedly ruled that... 

Enviro Minister OKs New Gold’s proposed $1.8bn mine

By: Mariaan Webb     16th April 2019 The Blackwater openpit gold and silver mine that TSX-listed New Gold is planning to build south-west of Prince George, British Columbia, has received the thumbs up from federal Environment and Climate Change Minister Catherine McKenna. The Minister concluded, following an environmental... 

Orion clinches potent new-style empowerment deal  

By: Martin Creamer     16th April 2019 Sydney- and Johannesburg-listed exploration and mining development company Orion Minerals has found a formula to achieve empowerment that puts all shareholders at full participation and contribution. “What we’ve arrived at is a fantastic win-win scenario,” an overjoyed Orion CEO Errol Smart told... 

Orion clinches potent new-style empowerment deal
Orion Minerals CEO Errol Smart (left) interviewed by Mining Weekly Online’s Martin Creamer. Video: Nicholas Boyd. Photographs: Dylan Slater.

Strike ends at Sierra Metals’ Yauricocha mine

By: Creamer Media Reporter      15th April 2019 A near-month-long labour strike over contractor changes at the Yauricocha mine, in Peru, ended at the weekend. Canada-based mining company Sierra Metals has said that an agreement was reached whereby no contractors dismissed as part of the contractor change will be reinstated, which was the... 

Silver consumption at three-year high

By: Reuters     12th April 2019 Global silver demand rose 4% last year, chalking up its first increase since 2015, thanks to sharply higher consumption in India, with a supply fall creating a small deficit, an industry report said on Thursday. The world consumed 1 033.5-million ounces in 2018, up from 998.4-million ounces... 

Fresnillo and MAG Silver approve $395m Mexico project

By: Creamer Media Reporter      11th April 2019 The boards of joint venture (JV) partners Fresnillo and MAG Silver have approved the development of the Juanicipio silver and gold project, in Mexico, with construction set to begin immediately. The project, which will require $395-million in capital expenditure, is expected to produce... 

Fresnillo first-quarter production slumps, sticks to full-year targets

By: Reuters     11th April 2019 Precious metals miner Fresnillo reported a fall in first-quarter production on Thursday, calling it "slightly weaker than anticipated" but sticking to output targets for the year as spending on tackling operational issues paid off. Silver output slipped 14.8% to 13.1-million ounces in the three... 

Gold Fields declares maiden reserve at Salares Norte, targets first gold in 2023 

By: Marleny Arnoldi     10th April 2019 Gold Fields earlier this year completed a definitive feasibility study (DFS) on its Salares Norte project, in Chile, South America, which enabled the company to declare a maiden reserve for the project. The company started exploration on the prospect in March 2011, with drilling to date... 

Gold Fields declares maiden reserve at Salares Norte, targets first gold in 2023
Photo by Creamer Media
Gold Fields CEO Nick Holland

Ivanhoe reaffirms its support for the DRC

By: Mariaan Webb     9th April 2019 TSX-listed mining company Ivanhoe Mines is committed to the responsible development of the mining industry in the Democratic Republic of Congo (DRC) and will work with the newly elected government to introduce the country to investors from around the world. This is according to co-chairperson... 

Ivanhoe reaffirms its support for the DRC
Robert Friedland

Silver Mines raises cash for exploration

By: Esmarie Iannucci     29th March 2019 Junior Silver Mines has raised A$3-million through a share placement to institutional and sophisticated investors. The placement was priced at 5c a share, with the shares issued under the company’s existing placement capacity. 

Strike halts operations at Sierra Metals' Peru mine

By: Creamer Media Reporter      22nd March 2019 TSX-listed miner Sierra Metals has suspended all mining and milling activity at its Yauricocha mine, in Peru, after unionised workers downed tools over contractor changes in a strike that is deemed illegal. The employees belong to the Union of the Mine and Metallurgical Workers of Minera Corona,... 

Kinross acquires 9.7% of Wolfden Resources

By: Marleny Arnoldi     20th March 2019 TSX-V-listed Wolfden Resources’ share price shot up 5% to C$0.18 apiece, following its announcement that Kinross Gold would take a 9.7% stake in the junior miner. The subscription agreement entails a nonbrokered private placement of about 12.5-million common shares of Wolfden at a price of... 

Blasting accident kills two at Leagold mine

By: Simone Liedtke     4th March 2019 TSX-listed Leagold Mining reported two fatalities at its Fazenda mine, in Brazil, over the weekend. Five employees, two of whom suffered fatal injuries, were involved in an underground blasting accident that occurred on the evening of February 28. 

Phoenix increases landholding around Empire

By: Marleny Arnoldi     27th February 2019 Aim-listed Phoenix Global Mining on Wednesday announced a threefold increase in its US-based Empire mine landholding, to the north and west of the Horseshoe claim block at Windy Devil and Navarre Creek. The company’s landholding increased by 3 880 acres, from 1 837 acres, or 7.43 km, and now... 

Hudbay hits base, precious metals near its Lalor mine

By: Marleny Arnoldi     27th February 2019 TSX- and NYSE-listed Hudbay has discovered a depsoti with 35.6 m of high-grade mineralisation that has both zinc-rich massive sulphides and gold, between the old Chisel North mine and the producing Lalor mine, in Canada, both of which Hudbay owns. At a downhole depth between 540 m and 576 m,... 

Fresnillo FY profit down 38%

By: Tasneem Bulbulia     26th February 2019 LSE-listed Fresnillo’s financial performance for the full year ended December 31, 2018 was impacted by a challenging operational environment, the Mexico-focused company reported on Tuesday. The miner recorded adjusted revenue of $2.24-billion, 0.5% increase compared with 2017, with lower prices... 

Endeavour reports $12m net loss, optimistic about 2019

By: Marleny Arnoldi     25th February 2019 NYSE- and TSX-listed Endeavour Silver on Monday reported that its revenue for 2018 was flat at $150-million and that mine operating cash flow decreased 3%, as a result of lower metal prices, offset by higher production. The Mexico-focused company reported a net loss of $12.4-million, or $0.10... 

Nautilus granted court order for creditor protection while restructuring

By: Marleny Arnoldi     25th February 2019 TSX-listed Nautilus Minerals has obtained an order of the Supreme Court of British Columbia that provides the company protection from its creditors, enabling it to restructure its business and financial affairs. Prior to the company applying for protection under the Companies Creditors... 

Phoenix says 2018 drilling at Empire confirms significant copper

By: Marleny Arnoldi     25th February 2019 North-American-focused base and precious metals developer Phoenix Global Mining has announced the final assays from a drilling programme at its 2018 Empire copper project, in Idaho. The results shared on Monday showed sulphide copper values of 7.14% copper, 5.94 g/t of gold and 76 g/t of silver... 

Pan American now the largest publicly traded silver company

By: Mariaan Webb     25th February 2019 Vancouver-headquartered Pan American Silver has established itself as the world’s largest publicly traded silver mining company by free float, following the completion of the acquisition of TSX- and NYSE-listed Tahhoe Resources. Pan American announced on Friday that it had completed the... 

Broadway Gold Mining anticipates investment to return to precious, base metals

By: Marleny Arnoldi     21st February 2019 Amid a rising US dollar, precious and base metals have suffered, owing to investment focusing elsewhere; however, this will not last, says TSX Venture-listed Broadway Gold Mining CEO Thomas Smeenk, whose junior mining company explores for silver, gold and copper in south-western Montana. He... 

Broadway Gold Mining anticipates investment to return to precious, base metals
Broadway Mining president and CEO Thomas Smeenk

Northern Dynasty shares up as Pebble inches forward

By: Mariaan Webb     21st February 2019 The contentious Pebble project inched forward on Wednesday, as the US Army Corp of Engineers posted a draft environmental impact statement (DEIS) for the Alaska gold/copper project, sending developer Northern Dynasty’s TSX-listed stock up nearly 20%. Northern Dynasty subsidiary Pebble Limited... 

Northern Dynasty shares up as Pebble inches forward

Mexico approves Pan American Silver’s Tahoe acquisition

By: Tasneem Bulbulia     18th February 2019 The Mexican Federal Economic Competition Commission on Friday approved the proposed transaction whereby Pan American Silver will acquire all of the issued and outstanding shares of dual-listed Tahoe Resources. In a statement, Tahoe confirmed that all required regulatory, shareholder and court... 

Sierra Metals reports flat Q4 Ebitda, production increases

By: Marleny Arnoldi     15th February 2019 TSX- and Peru-listed Sierra Metals reported adjusted earnings before interest, taxes, depreciation and amortisation of $17.4-million for the fourth quarter of 2018, compared with $17.5-million in the fourth quarter of 2017. The company processed 268 363 t, compared with 254 993 t processed in... 

Yamana forecasts stable-to-positive production growth to 2020

By: Nadine James     15th February 2019 TSX-listed Yamana Gold expects stable-to-positive production growth, with gold and silver output forecast to increase to 955 000 oz and 12-million ounces, respectively, by 2020. In the fourth-quarter and full-year results announcement on Thursday, the company stated that gold production would... 

Weaker prices hit Silvercorp Q3 performance

By: Nadine James     15th February 2019 TSX-listed Silvercorp Metals, which owns and operates mines in China, on Thursday reported a net income of $8.7-million for the third quarter ended December 31 – representing a 31% year-on-year decline with the company achieving a net income of  $12.7-million in the third quarter of 2018. The... 

Hochschild to suspend ops at Peru mine

By: Creamer Media Reporter      13th February 2019 London-listed Hochschild Mining said on Wednesday that it would suspend operations at its first mining operation, Arcata, and place the mine in care-and-maintenance in the second quarter. The company said that the low silver price had left it with no option, but to suspend operation. 

Xolobeni judgment continues to confound 

By: Martin Creamer     11th February 2019 Mining must take place with a strong focus on the interests of those who live in mining areas, says Mineral Resources Minister Gwede Mantashe, a standpoint that supports the notion that a mining right and a land right can co-exist, without pleasing one party at the expense of the other.  But the... 

Xolobeni judgment continues to confound
Mineral Resources Minister Gwede Mantashe

Mining Indaba 2019 highlights 

8th February 2019 The 25th Investing in African Mining Indaba took place this week. Mining Weekly editor Martin Creamer attended the indaba and unpacks the highlights. 

Mining Indaba 2019 highlights
Mining Indaba 2019 highlights

Precious metal refiners face new LBMA environmental standard  

By: Martin Creamer     7th February 2019 The London Bullion Market Association (LBMA) has launched a new standard that addresses environmental as well as sustainability issues in gold and silver markets. To do that in a credible way, LBMA has been actively engaging with mining companies and producer nations. 

Precious metal refiners face new LBMA environmental standard
LBMA CE Ruth Crowell tells Mining Weekly's Martin Creamer about the association's efforts to improve environmental and sustainability within the gold and silver mining and refining sectors. Video and editing: Nicholas Boyd.

Ascendant secures OPIC loan for Honduras expansion

By: Creamer Media Reporter      6th February 2019 Toronto-based miner Ascendant Resources has secured financing from a US government agency that helps businesses invest in emerging markets to expand its El Mochito zinc/lead/silver mine in Honduras. The nonbinding term sheet with Overseas Private Investment Corporation (OPIC) is for a... 

Institute forecasts better year for silver

By: Mariaan Webb     6th February 2019 Following a challenging year for silver, reflected in the muted price performance of 2018, the Silver Institute expects 2019 to be a better year for the metal and that prices will regain some shine. The Washington-based nonprofit industry association says it expects sentiment for the silver... 

Institute forecasts better year for silver

Great Panther hikes Topia mineral resource

By: Creamer Media Reporter      30th January 2019 Precious metals miner Great Panther Silver has announced a 28% increase in the measured and indicated mineral resource at the Topia mine, in Mexico, to nearly 15-million ounces of silver equivalent. Since its last mineral resource estimate four years ago, the measured and indicated mineral... 

1
2 3 4 5 6 7 8 9

Latest News

more

Latest Videos

more

Press Office

more

Topics In These Articles

RSS Feed

About

Mining Weekly is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on MiningWeekly.com is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Close