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Silver News

Yamana adjusts FY guidance, reports strong second-quarter production

By: Mariaan Webb     10th July 2019 Canadian gold miner Yamana Gold on Wednesday reported strong preliminary second-quarter production results and updated its guidance for the year to reflect the completion of the sale of the Chapada mine, in Brazil, to Lundin Mining. The company produced 257 556 gold-equivalent ounces (GEOs) in... 

Mining stocks could rebound with help from Trump and China

By: Bloomberg     9th July 2019 The backdrop for miners is ready to brighten in the second half of this year. They just need a resolution of the trade war between the US and China to light a fire under their stocks. Metal prices and mining equities have been at the mercy of trade headlines all year, and business fundamentals... 

Coricancha gets Great Panther production nod

By: Mariaan Webb     8th July 2019 Vancouver-based Great Panther Mining on Monday announced a positive production decision for its Coricancha gold/silver/lead/zinc/copper mine, in Peru, but said that an actual restart date would only be determined next year. The positive production decision followed the final results of the trial... 

Coricancha gets Great Panther production nod

Strong fundamentals positioning miners to adapt to changing shareholder expectations

By: Simone Liedtke     5th July 2019 Despite the world’s top 40 miners consolidating their performance of the past several years, they are “not getting the credit for it”, according to consultancy PricewaterhouseCoopers’ (PwC’s) ‘Mine 2019: Resourcing the Future’ report, which provides key trends for the mining industry and PwC’s... 

Strong fundamentals positioning miners to adapt to changing shareholder expectations

Updated San Matias resource estimate shows higher grades

By: Tasneem Bulbulia     4th July 2019 Cordoba Minerals has announced a positive updated mineral resource estimate for the San Matias project, including the Alacran replacement copper/gold deposit, in Colombia, with significant tonnage and copper and gold grade increases at the Alacran deposit. Nordmin Engineering’s work on the San... 

Santacruz Silver acquires 50% interest In Carrizal Mining

By: Tasneem Bulbulia     3rd July 2019 TSX-listed Santacruz Silver has, through its wholly-owned subsidiary Carrizal Holdings, acquired a 50% shareholding in PCG Mining, which is a holding company that owns 100% of private Mexican mining company Carrizal Mining. The shares were bought from one of PCG’s shareholders for $500 000 in... 

Gold producer reports improved LTIF rate and gold production

28th June 2019 Gold mining and exploration company Harmony Gold reported a 4% improvement in its lost time injury frequency rate (per million hours) to 6.16 in the nine months ended March 31, this year, compared with 6.43 for the nine months ended March 31, 2018. This is according to an operational update... 

Gold producer reports  improved LTIF rate  and gold production
PRODUCTION BOOST The acquisition of Moab Khotsong and build up in production from Hidden Valley saw Harmony Gold achieve increased production for the nine months ending March 2019

Blyvoor to begin producing gold again from Q4 – Skeat 

By: Martin Creamer     27th June 2019 Gold mining is to resume at the old Blyvooruitzicht gold mine in the last quarter of this year, Blyvoor Gold executive chairperson Peter Skeat has told Mining Weekly Online. “We’ve worked very hard and we’re at the point of moving ahead. We’ve got cash, we’ve got no debt, and the employees and... 

Blyvoor to begin producing gold again from Q4 – Skeat
Photo by Creamer Media's Dylan Slater
From left Martin Creamer, Peter Skeat, Alan Smith and Richard Floyd.

Orla sees Camino Rojo as ‘fantastic’ opportunity

By: Mariaan Webb     26th June 2019 The Camino Rojo oxide project, in Zacatecas, Mexico, is a “fantastic opportunity to develop a quality mine”, TSX-listed Orla CEO Jason Simpson said on Tuesday, announcing the results of the feasibility study for the project that once belonged to Goldcorp. The study, prepared by a team of experts... 

Silver Mines’ enviro study confirms minimal impact, to be submitted soon

By: Marleny Arnoldi     21st June 2019 ASX-listed Silver Mines confirmed on Friday that the environmental impact statement (EIS) for its Bowdens silver project, in New South Wales, was in the final stages before being submitted for development consent to the New South Wales Department of Planning and Environment. The EIS affirms... 

Azure’s Mexico project receives all regulatory approvals

By: Simone Liedtke     21st June 2019 ASX-listed Azure Minerals has received all regulatory approvals necessary for its planned mining operation at Oposura, Mexico, including openpit and underground mining permits, environmental clearances, explosives permits and surface land-use agreements. The fully-funded zinc/lead/silver project... 

Morocco’s Managem increases stake in Guinea’s Tri-K gold project to 85%

By: Reuters     19th June 2019 Morocco’s leading mining firm Managem said on Tuesday it increased its stake in the Tri-K gold project in eastern Guinea Conakry to 85% after acquiring a 30% stake held by its partner Avocet Mining for $21-million. The acquisition is in line with the group’s strategy to boost its gold production... 

Pan American Argentina ops suspends following mine death

By: Creamer Media Reporter      18th June 2019 Operations at the Manatial Espejo, COSE and Joaquin mines, in Santa Cruz, Argentina, have been suspended following an employee fatality at the COSE mine, Nasdaq- and TSX-listed Pan American Silver reported on Monday. The employee died in a fall-of-ground incident, the world’s second largest... 

US tariffs will send Mexico gold, silver abroad for processing

By: Bloomberg     10th June 2019 Donald Trump’s tariffs targeting Mexico risks backfiring on the US, at least in the global metals market. Miners of Mexican precious metals are unlikely to be hit significantly if Trump imposes levies on goods from its neighbour, which is the biggest source of US silver imports and its... 

US tariffs will send Mexico gold, silver abroad for processing

Hecla throttles Nevada spending

By: Mariaan Webb     7th June 2019 US silver and gold producer Hecla Mining on Thursday announced that it would curtail most development work and reduce the workforce of its operations in Nevada, which had failed to generate the cash flow that the company had hoped for. Following a review of its Nevada operations, Hecla announced... 

Hecla throttles Nevada spending
The Hollister mine that Hecla plans to close.

Top miners doing well, but not getting credit for it – PwC 

By: Simone Liedtke     4th June 2019 The world’s top 40 mining companies continued to consolidate their performance of the past several years by delivering steady growth in 2018, PwC’s ‘Mine 2019’ report, published on Tuesday, states. Combined, these companies’ revenue had increased by 8% year-on-year, which PwC says was buoyed by... 

Top miners doing well, but not getting credit for it – PwC
Photo by Creamer Media's Dylan Slater
(Left to Right) PwC assurance partner Andries Rossouw, PwC director Sizwe Mtetwa and PwC Africa energy utilities and resources leader Michal Kotzé

Junior mining badly in need of kickstart – Swanepoel   

By: Martin Creamer     4th June 2019 Junior mining is badly in need of a policy framework that will kickstart activity, mining luminary Bernard Swanepoel said on Tuesday. Speaking to a packed 2019 Junior Indaba conference for explorers, developers and investors in junior mining, Swanepoel outlined how he had boldly stepped into the... 

Junior mining badly in need of kickstart – Swanepoel
Junior Indaba opening addresses covered by Mining Weekly Online’s Martin Creamer. Video and Video Editing: Darlene Creamer. Photographs: Creamer Media’s Dylan Slater.

Constantine publishes Alaska zinc/copper project PEA

By: Creamer Media Reporter      4th June 2019 TSX-V-listed Constantine Metal Resources has announced the results of a preliminary economic assessment (PEA) for its 51%-owned Palmer zinc/copper/gold/silver project, in south-east Alaska, demonstrating a “high-quality project with strong economics”. CEO Garfield MacVeigh said on Wednesday that... 

Independent power producer association hails Mantashe's appointment

By: Martin Creamer     31st May 2019 The appointment of Gwede Mantashe as the Minister of Mineral Resources and Energy has been welcomed by the South African Independent Power Producer Association (SAIPPA), which described as “massive” the challenges he, Deputy Mineral Resources and Energy Minister Bavelile Hlongwa and the rest of... 

Silvercorp profit falls as prices dip

By: Marleny Arnoldi     27th May 2019 Canada-based, China-focused Silvercorp Metals has reported a lower profit margin for the financial year ended March 2019, on the back of lower prices for the precious and base metals that the company produces. In the reporting period, the company sold about 6.4-million ounces of silver (up 6%... 

Company progresses copper/silver project

24th May 2019 Venture capital firm and owner of the Khoemacau copper/silver project Cupric Canyon Capital has made significant progress towards the construction of what is to be a major copper and silver mine in north-west Botswana and expects first copper concentrate production in the first half of 2021.... 

Company progresses  copper/silver project
TEAM WORK Partnering with global providers of mine finance allows all project development activities to move forward

Fresnillo warns of 'more challenging' 2019

By: Reuters     21st May 2019 Fresnillo said on Tuesday the current year would be more challenging than 2018 as a number of industry variables were "working against" the precious metals miner. The company, which posted a 15% drop in first-quarter silver production last month, said it was "disappointed" not to meet its... 

Ariana’s Kiziltepe reports solid start to 2019

By: Simone Liedtke     20th May 2019 Turkey-focused explorer and developer Ariana Resources on Monday reported that its Kiziltepe project produced 7 296 oz of gold during the quarter ended March 31, 2019, reflecting a solid start to 2019. Kiziltepe is part of the Red Rabbit joint venture with Proccea Construction and is 50%-owned by... 

SolGold announces PEA results for Alpala

By: Mariaan Webb     20th May 2019 LSE- and TSX-listed SolGold on Monday published the results of a preliminary economic assessment (PEA) for the Alpala copper/gold/silver deposit at the Cascabel project, in northern Ecuador. The study estimated a “low” start-up capital expenditure of $2.4-billion to $2.8-billion and a “high” net... 

SolGold announces PEA results for Alpala

President's correct, S Africans need to act together to realise economic opportunities – Baissac   

By: Martin Creamer     14th May 2019 President Cyril Ramaphosa is correct in stating that South Africans need to act together with urgency and boldness if they are to realise the economic opportunities before them, Eunomix CEO Claude Baissac said on Tuesday. Baissac, who was speaking to Mining Weekly Online following the finding of... 

President's correct, S Africans need to act together to realise economic opportunities – Baissac
Eunomix CEO Claude Baissac talks to Mining Weekly Online’s Martin Creamer about South Africa’s economic growth needs. Video: Nicholas Boyd. Photograph: Dylan Slater.

Sierra Metals still expects to meet 2019 guidance despite strike

By: Marleny Arnoldi     14th May 2019 Despite losing 12 days of production to an illegal strike at the Yauricocha mine, in Peru, and reporting a slower-than-expected ramp up of throughput at its Mexico mines, Sierra Metals still expects to achieve its 2019 production guidance, CEO Igor Gonzales said on Tuesday. The TSX-listed miner... 

SRR aims for record production in 2019

By: Tasneem Bulbulia     10th May 2019 Precious metals miner SSR Mining has delivered a strong production and financial performance in the March quarter, and is targeting record production for 2019, president and CEO Paul Benson said on Thursday. Benson indicated in a statement announcing the first-quarter results that the company... 

Kinross evaluating Chile comeback, options for Mauritania expansion

By: Mariaan Webb     9th May 2019 Canada-based Kinross Gold is evaluating the potential for a return to long-term production in Chile and has completed the scoping study for the Lobo-Marte project, in the Maricunga district, about 80 km from its La Coipa mine. The scoping study results indicates that Lobo-Marte could produce... 

Worley creating a force for the future of resources and energy 

By: Martin Creamer     7th May 2019 Following the announcement in October 2018 of WorleyParsons' binding offer for Jacobs' Energy, Chemicals and Resources, the combined new entity has come together under a new brand – Worley – involving 57 600 people across 51 countries. While financially a $3.2-billion acquisition, operationally... 

Worley creating a force for the future of resources and energy
Photo by Creamer Media Chief Photographer Dylan Slater
From left, Krish Iyer, president Middle East Africa, Francois Bosch, business development (BD) sales manager, East Africa, Denver Dreyer, senior vice president Mining Minerals and Metals (MM&M), Europe Middle East Africa, Ian Davies, senior vice president, BD & Growth MEA, Ryan Froude, operations manager, East Africa, Robert Hull, vice president, MM&M, Africa, and Ed Hanbidge, vice president, Energy Chemicals and Services, Southern and Eastern Africa.

Difficult start to the year for Endeavour Silver

By: Mariaan Webb     6th May 2019 Midtier miner Endeavour Silver, which owns four underground silver/gold mines in Mexico, has initiated a range of short- and long-term actions aimed at conserving cash and turning around the weak performance of the first quarter. The NYSE- and TSX-listed miner on Monday reported a 28% decrease... 

Yamana Gold eyes $100m expansion in Brazil

By: Mariaan Webb     2nd May 2019 Precious metals miner Yamana Gold is considering several expansion opportunities at its mines, including a $100-million expansion in Brazil that will add about 80 000 oz/y to its production. With more financial flexibility following the $1-billion sale agreement of Brazil-based Chapada to Lundin... 

Hochschild on track to meet full-year output, cost guidance

By: Creamer Media Reporter      30th April 2019 London-listed Hochschild achived a strong start to this year, with attributable production of 121 367 gold-equivalent ounces or 9.8-million silver-equivalent ounces for the quarter ended March 31. This was mostly as a result of "another solid quarter" from its Inmaculada mine, in Peru, and a... 

Polymetal's Amursk POX plant certified under International Cyanide Management Code

By: Creamer Media Reporter      30th April 2019 London-listed precious metals miner Polymetal's Amursk pressure oxidation (POX) plant, has become the second gold production operation in Russia to be certified as being in full compliance with the International Cyanide Management Code (Cyanide Code) as both a gold mining company and, separately,... 

Societe Generale resigns as London gold and silver market maker

By: Reuters     30th April 2019 The London Bullion Market Association (LBMA) said Societe Generale had resigned as a market maker for gold and silver, as France's third-largest bank pushes ahead with a downsizing of its commodities business. SocGen said this month it would cut 1 600 jobs to boost profits after poor performance... 

Americas Silver’s Cosalá makes up for Galena Complex silver production shortfall

By: Marleny Arnoldi     30th April 2019 TSX- and NYSE-listed Americas Silver Corporation raised its silver output for the first quarter by 9% year-on-year to 1.8-million silver equivalent ounces, and 395 000 oz of silver, which was consistent with that produced in the first quarter of last year. The company reported that milled... 

Premier confirms gold mineralisation between Cove, McCoy mines

By: Marleny Arnoldi     29th April 2019 TSX-listed Premier Gold Mines has intersected high-grade gold mineralisation in the first hole drilled at its Antenna target, which is located between the historic Cove and McCoy gold/silver openpit mines, in the US. The company’s discovery included a 118.9-m-thick mineralised zone grading 4.12... 

Trans-Siberian lifts first-quarter gold, silver output

By: Simone Liedtke     29th April 2019 Russian miner Trans-Siberian Gold achieved a 52% year-on-year increase in gold production to 12 345 oz at its Asacha gold mine for the three months ended March 31. The increase was driven by higher grades and better recoveries, the company said, adding that it remains on track to meet its... 

Glass Lewis supports three dissident nominees at Hudbay Minerals

By: Bloomberg     29th April 2019 A prominent shareholder advisory firm has recommended investors partially support efforts from one of Hudbay Minerals Inc.’s largest investors to revamp the board, including withholding their votes for the company’s chairperson Alan Hibben. Glass Lewis urged investors to support three nominees... 

Glass Lewis supports three dissident nominees at Hudbay Minerals
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