R/€ = 16.98 Change: 0.20
R/$ = 14.31 Change: 0.16
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Pt 1054.50 $/oz Change: -3.50

Silver News

Fresnillo reports sharp increase in profitability

By: Mariaan Webb     3rd August 2021 Precious metals miner Fresnillo has reported a sharp increase in profitability during the first half of the year, on the back of higher precious metals prices and its improved production performance. The London-listed miner, which is the world’s largest producer of silver from ore and Mexico’s... 

Orla reports PFS results for Panama gold project

By: Creamer Media Reporter      29th July 2021 Vancouver-based Orla Mining has released prefeasibility study (PFS) results for its Cerro Quema oxide gold project, which delivered an aftertax net present value of $176-million and an internal rate of return of 38%. The study considers a 10 000 t/d operation, which will produce an average of 81... 

Vizsla takes drilling break amid Covid wave

By: Creamer Media Reporter      27th July 2021 Junior explorer and developer Vizsla Silver has suspended drilling at its Panuco project, in Mexico, for two weeks in response to an increase in Covid-19 cases in the region where it operates. “The current wave of the Covid-19 virus is the most significant experienced to date in southern... 

Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

A graphic compiled the Citi Research on the fast and moderate way of meeting the Paris climate change accord.
Complying with the Paris agreement on climate change mitigation.

Altus granted new silver, copper projects in Morocco

By: Tasneem Bulbulia     22nd July 2021 Mining royalty company Altus Strategies has been granted four new exploration projects, as well as an extension to the Agdz project, totalling 148.5 km2 in Morocco. The projects were awarded to the company's 100% owned subsidiary Aterian Resources as part of a competitive tender process. 

First concentrate produced at Khoemacau’s copper/silver project

By: Tasneem Bulbulia     22nd July 2021 NYSE-listed Fluor reports that Khoemacau Copper Mining recently achieved first copper and silver concentrate production at its starter project, near Toteng, in Botswana. The project is in the Kalahari Copper Belt and is expected to produce about 62 000 t/y of payable copper and 1.9-million ounces... 

An image of the Boseto Processing Facility
Boseto Processing Facility

Australian firm sells Myanmar project in wake of coup

By: Reuters     21st July 2021 Myanmar Metals said on Wednesday it planned to sell its 51% stake in Bawdwin silver, lead, and zinc project in Myanmar, citing difficulties in securing financing for the $300-million project after a coup led to social unrest earlier this year. Businesses have collapsed in the Southeast Asian... 

Exploration trailblazer Orion cracks retail investor code with 14 000-plus SA backers  

By: Martin Creamer     21st July 2021 More than 14 000 South Africans now own shares in the discovery and development mining company Orion Minerals, which is reflective of retail investment that can be stimulated in South Africa to support essential local minerals exploration. What is also extremely promising is that the dual listed... 

This is a picture of Errol Smart, CEO of Orion Minerals, who is also chair of Minerals Council junior miner leadership forum.
Orion Minerals CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Endeavour Silver picks up Nevada exploration property

By: Creamer Media Reporter      20th July 2021 Mid-tier miner Endeavour Silver on Monday announced the acquisition of a precious metals exploration property in Nye, Nevada, for $10-million in cash. Endeavour CEO Dan Dickson said the Bruner property represented a good start on building an attractive gold/silver portfolio in Nevada. “It... 

Mine achieves massive earnings boost after employing four more people  

By: Martin Creamer     19th July 2021 Guided by a value driver tree (VDT) study, an opencast mine increased its earnings massively after employing four additional operators at comparatively negligible cost. The operation’s earnings before interest, taxes, depreciation and amortisation (Ebitda) soared hugely from $634.3-million to... 

Gary Lane is also a director of SiMine
Value Driver Tree case study covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Life in mining-dependent countries significantly improved – ICMM 

By: Martin Creamer     14th July 2021 Life in mining-dependent countries has improved significantly in the 23 years leading up to 2018, with strong governance the key to improving socio-economic well-being, the International Council on Mining and Metals (ICMM) said on Wednesday. A report that analysed 41 social metrics grouped under... 

A picture of the CEO of the International Coiuncil on Mining and Metals
ICMM CEO Rohitesh Dhawan

Zombie mines are coming back to life on soaring metals prices

By: Bloomberg     14th July 2021 A silver mine in Bosnia and Herzegovina that sat derelict through the years of civil strife that gripped the region from the early 1990s may soon be taken out of mothballs to benefit from an optimistic price outlook. Adriatic Metals’ Vares project could resume production by the end of 2022... 

An image showing a mountain and trees.

After months of union talks, San Rafael mine in Mexico to reopen

By: Reuters     7th July 2021 The San Rafael mine in northern Mexico operated by Canada's Americas Gold and Silver Corp will reopen following months of talks with the country's main mining union, the Economy Ministry said on Tuesday. San Rafael primarily produces silver, zinc and lead in the town of Cosala in Sinaloa state,... 

Fortuna to build on Roxgold’s solid West Africa foundation – CEO

By: Creamer Media Reporter      5th July 2021 Canadian miners Fortuna Silver Mines and Roxgold have successfully completed their business combination, creating a global intermediate gold and silver with four operating mines and a permitted development project. Commenting on its acquisition of Roxgold, Fortuna CEO Jorge Ganoza said on Friday... 

Mining vital to economy, can help guide country's path – President 

By: Martin Creamer     5th July 2021 Mining is vital to the South African economy and the opportunities that exist in mining can help guide the country’s path to a more inclusive and equitable economy, President Cyril Ramaphosa stated on Monday. Writing in his From the Desk of the President column, Ramaphosa placed mineral and... 

President Cyril Ramaphosa
President Cyril Ramaphosa

Khoemacau produces first concentrate

By: Tasneem Bulbulia     1st July 2021 Khoemacau Copper Mines on June 30 achieved a milestone at its Khoemacau copper/silver project, in Botswana, with the production of the first copper/silver concentrate from its Boseto process plant. This milestone was achieved safely, within schedule and the overall project remains within 3% of... 

Altus discovers high-grade copper, silver at three projects in Morocco

By: Donna Slater     1st July 2021 Aim- and TSX-V-listed African mining royalty generator Altus Strategies has discovered high-grade copper and silver from reconnaissance exploration at its recently granted Azrar, Izougza and Tata projects, in Morocco. The projects are located in established current and historic copper and silver... 

Kingsgate finds Canadian buyer for Chilean project

By: Esmarie Iannucci     30th June 2021 Gold miner Kingsgate Consolidated has inked a non-binding letter of intent with TSX-V listed TDG Gold Corporation to divest of its Nueva Esperanza gold/silver exploration project, in Chile, for A$69-million. The transaction would consist of a C$25-millionc ash component that would be payable to... 

Hochschild says 27 workers dead in bus accident

By: Creamer Media Reporter      21st June 2021 Precious metals miner Hochschild said that 27 workers were killed and 13 injured a road accident on Friday morning. A bus operated by a contractor was carrying workers from the Pallancata operation to the city of Arequipa in southern Peru when the accident happened. 

Aton signs drilling contract with Energold

By: Tasneem Bulbulia     17th June 2021 TSX-V-listed Aton Resources has signed a contract with Energold Drilling to carry out a minimum of 4 250 m of diamond drilling at its Abu Marawat concession, in Egypt. The drilling programme will be focused on the Rodruin and Hamama projects, with drilling expected to begin in September. 

PFS supports sequential development of Fountain Head and Hayes Creek – PNX

By: Creamer Media Reporter      17th June 2021 A prefeasibility study (PFS) has confirmed the viability of the sequential development of the Fountain Head gold and Hayes Creek gold/silver/zinc projects, in the Pine Creek region of Northern Territory. Announcing the PFS outcomes on Thursday, PNX Metals said the study envisaged initial gold... 

300-plus vehicle fleets assessed for cleaner, safer mine mobility in five regions – ICMM 

By: Martin Creamer     15th June 2021 As part of the cleaner, safer vehicles initiative of the International Council on Mining and Metals (ICMM), more than 300 vehicle fleets have been assessed for cleaner, safer mobility on more than 300 mines in five regions globally, ICMM health, safety and product stewardship director Sarah Bell... 

ICMM health, safety and product stewardship director Sarah Bell
International Council on Mining and Metals’ Sarah Bell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

NUM to march next month over rising unemployment in Mpumalanga

By: Simone Liedtke     15th June 2021 The National Union of Mineworkers (NUM) Highveld Region is preparing to march against continued retrenchments, outsourcing, use of labour brokers and the increasing unemployment rate in the Mpumalanga province. The march, to be held on July 15, will be targeted at State-owned utility Eskom, as... 

Allow geologists from surrounding African countries to boost SA's exploration rebirth, top explorer advises  

By: Martin Creamer     11th June 2021 Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration. That is the view of Exploration Geology Consultants exploration manager Thinus Jordaan, who believes that South Africa’s planned exploration thrust should focus on commodities required in... 

Exploration Geology Consultants exploration manager Thinus Jordaan
Exploration manager Thinus Jordaan interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Azure puts Mexican assets up for sale

By: Marleny Arnoldi     10th June 2021 Precious and base metals miner Azure Minerals has decided to let go of its Alacrán silver/gold/copper and Oposura zinc/lead/silver projects, following the conclusion of a four-month strategic review of its assets in Mexico. The company has decided to focus on advancing its Andover project, in... 

Adriatic launches foundation in Bosnia

By: Mariaan Webb     10th June 2021 ASX- and LSE-listed silver developer Adriatic Metals has launched a charitable trust in Bosnia to support communities around its Vares project, investing in initiatives designed to create a long-term legacy. The foundation, managed by a board of trustees who represents the local communities... 

Mining firms with higher ESG ratings outperform market – PwC  

By: Martin Creamer     8th June 2021 Mining companies with higher environmental, social and governance (ESG) ratings outperformed the broader market during the peak of the Covid-19 crisis, delivering 34% average total shareholder return over the past three years — ten percentage points higher than the general market index,  PwC... 

PwC Africa mining leader Andries Rossouw
PwC Mine 2021 Report covered by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd

Drilling extended at Altus JV’s southern Mali project

By: Simone Liedtke     2nd June 2021 Precious metals miner Altus Strategies has extended the diamond drilling programme at its Tabakorole gold project, in southern Mali, by 150 m. The project hosts a mineral deposit for which a mineral resource estimate (MRE) has been generated comprising 16.6-million tonnes at 1.2 g/t gold for 620... 

Council for Geoscience goes live with digital geoscience data

By: Martin Creamer     1st June 2021 South Africa’s Council for Geoscience went live on Tuesday with making geoscience data digitally available. During a panel discussion on the first day of the Junior Indaba, Council for Geoscience CEO Mosa Mabuza invited all to go on to the council’s website to find this data, the bulk of which,... 

From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.
Photo by Creamer Media
From top clockwise, ENSafrica COO Otsile Matlou, Geoscience CEO Mosa Mabuza, Orion Minerals CEO Errol Smart, DMRE DG Advocate Thabo Mokoena and AmaranthCX director Paul Miller.

Tender for new modern cadastre system to be invited next week   

By: Martin Creamer     1st June 2021 A tender for a new modern cadastre system to provide exploration information will be invited by the end of next week, Department of Mineral Resources and Energy (DMRE) director-general Advocate Thabo Mokoena said on Tuesday. In his opening keynote address on initiatives to ignite the exploration... 

Department of Mineral Resources and Energy Director-General Advocate Thabo Mokoena
Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Vizsla raises $60m for Mexico development

By: Creamer Media Reporter      27th May 2021 TSX-V-listed Vizsla Silver on Wednesday announced $60-million bought-deal financing, the proceeds of which would be used to advance the exploration and development of Panuco, to make option payments and pursue strategic options. The company has an option to acquire 100% of the newly consolidated... 

Concern over lack of JSE listings ahead of Junior Indaba  

By: Martin Creamer     27th May 2021 In anticipation of next week's Junior Indaba virtual conference, AmaranthCX director Paul Miller has updated statistics on the change in the number of listed mining companies on the JSE over time. (Also watch attached Creamer Media video.) It is not a pretty picture. (See attached chart.) 

AmaranthCX director Paul Miller
AmaranthCX director Paul Miller interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Govt-Minerals Council team established to promote exploration – Mgojo  

By: Martin Creamer     26th May 2021 The Department of Mineral Resources (DMRE) and Minerals Council South Africa have established a task team to promote exploration, outgoing Minerals Council president Mxolisi Mgojo said on Wednesday. The exploration task team, Mgojo said during his address to the council’s 131st annual general... 

Progress on raising the embedded generation cap to 50MW
Minerals Council South Africa AGM covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Nolitha Fakude first woman mining industry president in 131 years 

By: Martin Creamer     26th May 2021 The board members of Minerals Council South Africa on Wednesday elected the first female president in 131 years. New president Nolitha Fakude, a former Minerals Council VP who is the chairperson of Anglo American South Africa, said she would be focusing on ensuring that mining contributes... 

Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.
Top right, clockwise are Nolitha Fakude, Paul Dunne, Peter Steenkamp and Themba Mkhwanazi.

Diamond explorer Bill McKechnie feels South Africa has battery mineral exploration potential  

By: Martin Creamer     25th May 2021 The renowned exploration geologist linked to the colossal and still-thriving diamond discovery against all odds at the Venetia diamond mine in Limpopo, believes there is no reason why new battery and other specialist minerals cannot be discovered in South Africa, using the techniques that he... 

Bill McKechnie
Exploration geologist Bill McKechnie interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Fort St James to buy property in Bathurst mining camp

By: Mariaan Webb     24th May 2021 Exploration company Fort St James Nickel on Friday announced a letter of intent agreement to buy a base and precious metal property in the Bathurst mining camp, in northern New Brunswick. The Nepisiguit project, located about 30 km south-west of the city of Bathurt, borders the Heath Steele... 

Silver Elephant pauses Sunawayo acquisition

By: Creamer Media Reporter      24th May 2021 Precious metals explorer Silver Elephant has put on hold payments for the Sunawayo silver/lead mining project, in Bolivia, pending verification of the status of the project’s title and environmental permit. The TSX-listed company acquired its interest in the Sunawayo project pursuant to a sales... 

UBS forecasts $1 600/oz gold price by year-end

By: Donna Slater     21st May 2021 Financial services firm UBS reports that the value of gold is currently being linked to US inflation and lower government bonds, while silver’s price gains will not be sustained in the longer term.  Platinum, meanwhile, was undersupplied in the first quarter and palladium prices will peak this... 

UBS forecasts $1 600/oz gold price by year-end
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