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Silver News

Shareholders to get more of silver miner Hecla’s cash flow

By: Mariaan Webb     6th May 2021 NYSE-listed Hecla Mining has hiked its silver-linked dividend by 50%, reflecting the miner’s confidence in its cashflow performance and position as the US’ largest silver producer. The company on Wednesday announced that the silver-linked dividend would be increased by $0.01 a year for each $5... 

Gold Mountain to begin construction of BC gold/silver project

By: Creamer Media Reporter      3rd May 2021 British Columbia-based explorer and developer Gold Mountain is set to begin construction at its Elk Gold project, near Merritt, British Columbia, this month, following authorisation last week to put the gold and silver mine back into production. The company has received a notice of departure... 

First Majestic completes Jerritt Canyon mine transaction

By: Creamer Media Reporter      3rd May 2021 Vancouver-based First Majestic Silver has added another cornerstone asset to its portfolio, with the closing last week of the acquisition of the Jerritt Canyon mine, in Nevada, from Sprott Mining. Concurrently, the TSX- and NYSE-listed precious metals miner concluded a $30-million private... 

First ever Shanghai Platinum Week to be held next month

By: Simone Liedtke     30th April 2021 To develop a stronger domestic platinum-group metals (PGMs) market and to improve domestic and international communication and cooperation, the Precious Metal Industrial Committee at the China Material Recycle Association (PMIC), the Platinum Committee at China Gold Association (PDCGA) and the... 

Mag Silver expects Juanicipio processing plant commissioning in fourth quarter

By: Marleny Arnoldi     29th April 2021 Canadian mining company Mag Silver reports that the Juanicipio project, in Mexico, produced 462 321 oz of silver and 697 oz of gold in the first quarter of this year. Of this, 203 421 oz of silver and 307 oz of gold are attributable to Mag, which holds a 44% stake in the project, alongside... 

Yamana advances project as standout quarter provides solid foundation for progress

By: Simone Liedtke     29th April 2021 Canadian miner Yamana Gold produced 231 988 gold-equivalent ounces (GEO) in the first quarter, including gold production of 201 117 oz and silver production of 2.1-million ounces, both in line with the company’s trend of delivering stronger production, with quarterly sequential increases in... 

Mining policy should be hugely supportive of exploration’s multiplier magic – investor  

By: Martin Creamer     28th April 2021 Mining, preceded by exploration, is the greatest economic multiplier of all business activities, including government expenditure, says Integral Asset Management chief investment officer Bruce Williamson. It therefore makes huge sense for government to enact attractive investment-friendly... 

Mining policy should be hugely supportive of exploration’s multiplier magic – investor
Integral Asset Management CIO Bruce Williamson interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Copper miner Grupo Mexico swings to big profit as metal prices jump

By: Reuters     28th April 2021 Grupo Mexico registered a net profit of $1.1-billion in this year's first quarter, the Mexican mining and transport company said on Tuesday, helped by a 50% surge in copper prices during the first three months of the year. The company's-billion dollar profit in the January-to-March period marked... 

INV advances Loma Larga project, begins formal permitting process

By: Tasneem Bulbulia     26th April 2021 TSX-listed INV Metals has submitted the environmental-impact study (EIS) for its Loma Larga gold/silver/copper project, in Ecuador. “We are pleased to announce the submission of the EIS for review and comment by the Ministry of Environment and Water (MEW). 

Fortuna to secure West Africa foothold through Roxgold buyout 

By: Tasneem Bulbulia     26th April 2021 Canadian precious metals mining company Fortuna Silver Mines and Canadian-based gold mining company Roxgold have entered into a definitive agreement whereby Fortuna will acquire all the issued and outstanding securities of Roxgold pursuant to a plan of arrangement. Under the terms of the... 

Fortuna to secure West Africa foothold through Roxgold buyout
Fortuna Silver Caylloma Mine

Glencore chair defends pay plan for commodity trader’s new CEO

By: Bloomberg     22nd April 2021 Glencore's chairperson defended an incentive plan for the commodity giant’s new chief executive officer, after prominent advisory firms urged investors to vote against it. Gary Nagle, the handpicked successor of outgoing CEO Ivan Glasenberg, will take over the helm of the world’s biggest... 

Glencore chair defends pay plan for commodity trader’s new CEO
Gary Nagle

Bunker Hill PEA envisages rapid restart

By: Mariaan Webb     21st April 2021 Under new Idaho-based leadership, Bunker Hill Mining on Tuesday announced the results of a preliminary economic assessment (PEA) for its iconic namesake mine, envisaging a rapid restart at a capital cost of $42-million. The Bunker Hill mine, located in Idaho’s Silver Valley, will generate about... 

Skeena returns mineral tenures to establish new conservancy

By: Creamer Media Reporter      13th April 2021 Canadian explorer Skeena Resources, which is revitalising the past-producing Eskay Creek gold/silver mine in the Tahltan Territory in the Golden Triangle, is returning its mineral tenures for the Spectrum mineral claim to establish a new conservancy. The new 3 500 ha conservancy adjoins the 230... 

Stewart mining camp consolidation overdue, say Scottie and AUX

By: Mariaan Webb     13th April 2021 TSX-V-listed juniors Scottie Resources and AUX Resources on Monday announced a transaction to consolidate gold/silver exploration assets in the Stewart mining camp in the Golden Triangle of British Columbia. Pursuant to the terms of the letter of intent, Scottie would acquire AUX for one common... 

Stewart mining camp consolidation overdue, say Scottie and AUX
Scottie and AUX combined claims

Exploration industry has tight deadline to comment on controversial draft regulations  

By: Martin Creamer     9th April 2021 South Africa’s exploration industry has until April 19 to comment on controversial regulations still in draft form. “They’ve never consulted industry about it and what they are requesting is impractical,” says Allan Saad, a consulting exploration geologist, who formerly represented the now... 

Exploration industry has tight deadline to comment on controversial draft regulations
Consulting exploration geologist Allan Saad interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA 

By: Martin Creamer     7th April 2021 The value of iridium for proton exchange membrane (PEM) water electrolysis technology alone could exceed R90-billion in the next ten to 20 years. This is the view of Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence: Hydrogen... 

Value of iridium in electrolysis could top R90bn mark in years ahead – HySA
Value chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.

How South Africa can unlock its exploration potential ­– Adrian Reynolds   

By: Martin Creamer     1st April 2021 Of four factors required to attract investment in exploration, economic and fiscal stability is the most important, says highly experienced geological and mining consultant and nonexecutive company director Adrian Reynolds. Reynolds spoke to Mining Weekly in a Zoom interview about the factors... 

How South Africa can unlock its exploration potential ­– Adrian Reynolds
Geological and mining consultant Adrian Reynolds interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Silver is smart metal that fits Sibanye-Stillwater's green space – Froneman 

By: Martin Creamer     31st March 2021 Silver is a smart high-technology metal that fits into Sibanye-Stillwater’s green metals space. This was made clear by Sibanye-Stillwater CEO Neal Froneman during Wednesday’s Mining Indaba gold roundtable, moderated by Nedbank CIB lead analyst Arnold van Graan and covered by Mining Weekly. 

Silver is smart metal that fits Sibanye-Stillwater's green space – Froneman
Photo by Creamer Media
From top left, clockwise, Jeff Quartermaine, Arnold van Graan, Neal Froneman, Christine Ramon and Mark Bristow.

TSX-V gains new silver miner

By: Creamer Media Reporter      30th March 2021 Silver miner Andean Precious Metals made its debut on the TSX-V on Monday, marking a milestone for the Bolivia-focused company, says CEO Luis da Silva. Andean Precious Metals is the 100% owner and operator of the San Bartolomé silver mine and processing operation in Potosi, Bolivia, which has... 

SA Mint rounds out Big Five collectors coin range with release of Buffalo coin

By: Donna Slater     26th March 2021 The South African (SA) Mint, a wholly-owned subsidiary of the South African Reserve Bank, has released two new coin ranges for this year, including the highly-anticipated Big Five African Buffalo coin. Introduced in 2019, the Elephant, Lion, Rhinoceros and the Leopard have already been issued as... 

SA Mint rounds out Big Five collectors coin range with release of Buffalo coin
The newly minted Big Five African Buffalo coin

KGHM has no plans to change its stake in Sierra Gorda mine

By: Reuters     25th March 2021 Polish copper and silver producer KGHM has no plans to change its 55% stake in its Chilean Sierra Gorda mine, the company's deputy head Pawel Gruza said on Thursday. "Sierra Gorda is one of KGHM's strategic assets. In this moment we do not expect changes of our capital involvement in this... 

Canadian miner meets Mexican officials over labour dispute

By: Reuters     25th March 2021 Canadian mining company Americas Gold and Silver said late on Tuesday it had held talks with senior Mexican officials in a bid to resolve a dispute at one of its mines in the northern Mexican state of Sinaloa. The company has been embroiled in a labor dispute at the mine, and last week President... 

Master Drilling advancing mechanisation for two top-tier local clients  

By: Martin Creamer     23rd March 2021 Mine mechanisation is being advanced for two top-tier  local clients of Master Drilling, the CEO of the JSE-listed company, Danie Pretorius, said on Tuesday. Speaking to Mining Weekly in a Zoom interview after reporting 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to... 

Master Drilling advancing mechanisation for two top-tier local clients
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Remote-operation drilling footprint providing sizeable benefit – Master Drilling  

By: Martin Creamer     23rd March 2021 An increased remote-operation drilling footprint is providing considerable benefit for Master Drilling, the JSE-listed drilling services company said on Tuesday, when it reported 72.7%-higher 2020 net cash generation of $25.5-million, 18%-lower debt to $42.1-million, and a halved gearing ratio to... 

Remote-operation drilling footprint providing sizeable benefit – Master Drilling
Master Drilling results covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Master Drilling in muted but resilient 2020 performance 

By: Martin Creamer     23rd March 2021 Drilling services company Master Drilling, which operates in 23 countries and which is continuing to grow its presence in new global markets, on Tuesday reported a “muted but resilient performance” for the full year ended December 31, thanks to what it described as a “flexible business model and... 

Master Drilling in muted but resilient 2020 performance
Photo by Creamer Media
Master Drilling CEO Danie Pretorius.

Mexican President pressures Canadian miner over union dispute

By: Reuters     18th March 2021 Mexico could revoke a concession held by Canadian miner Americas Gold and Silver Corp in northern Mexico if it does not accept its new trade union representation there, President Andres Manuel Lopez Obrador said on Wednesday. Speaking at a regular news conference, Lopez Obrador said he would... 

Mexican President pressures Canadian miner over union dispute
Mexico President Andres Manuel Lopez Obrador

Aton inks loan facility with major shareholder, CEO retires

By: Simone Liedtke     17th March 2021 TSX-V-listed Aton Resources has entered into a bridge loan facility with Ou Moonrider, a significant shareholder. Pursuant to the facility, the corporation may borrow up to C$1-million from Ou Moonrider. 

Altus gains more exploration ground in Morocco

By: Marleny Arnoldi     15th March 2021 TSX-V- and Aim-listed Altus Strategies has been granted exploration licences for three copper and silver projects totalling 252 km2 in the western Anti-Atlas region of Morocco. Following a competitive tender process, Altus’ subsidiary Aterian Resources was awarded the projects. 

First Majestic buys Jerritt Canyon from Sprott

By: Mariaan Webb     12th March 2021 Dual-listed First Majestic Silver on Friday announced that it would buy the Jerritt Canyon gold mine, in Elko, Nevada, from Sprott Mining for $470-million in shares and five-million share purchase warrants. Concurrent with the acquisition, Sprott Mining president Eric Sprott would complete a... 

First Majestic buys Jerritt Canyon from Sprott

Just clearing exploration backlog would be huge leap forward – Miller  

By: Martin Creamer     12th March 2021 Ahead of tackling policy issues, incremental ongoing effort must be prioritised to clear South Africa’s huge mineral exploration and mining rights backlog, says AmaranthCX director Paul Miller. The backlog currently stands at more than 5 000 unprocessed exploration applications and  235... 

Just clearing exploration backlog would be huge leap forward – Miller
AmaranthCX director Paul Miller talks exploration to Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Wheaton Precious Metals hikes dividend

By: Mariaan Webb     12th March 2021 Despite the Covid-19 pandemic, metals streaming company Wheaton Precious Metals had a productive 2020, delivering value back to its stakeholders, president and CEO Randy Smallwood reported on Thursday, announcing record yearly revenue and operating cash flow. The TSX- and NYSE-listed company,... 

$7.7bn worth of M&A deals inked in the fourth quarter of 2020

By: Simone Liedtke     10th March 2021 Metals and mining industry cross border merger and acquisition (M&A) deals worth $7.7-billion were announced in the fourth quarter of 2020.  Nova Resources led the pack with its almost $2.4-billion acquisition of Kaz Minerals, GlobalData’s deals database shows. In a statement on March 10, the... 

Capstone reports Cozamin fatality

By: Creamer Media Reporter      9th March 2021 A contractor employee died at the Cozamin mine, in Mexico, on Sunday, following an underground accident. Toronto-listed Capstone Mining said the contractor employee was pinned by a rockfall from the drill face. He was treated by the site emergency response team and transported to Zacatecas... 

Mines anywhere, everywhere can go green – Hydrogen Optimized 

By: Martin Creamer     8th March 2021 Owing to the ubiquity of the world’s sun and the wind, all mines have the opportunity to generate their own green electricity no matter where they are located in the world, Hydrogen Optimized CEO Andrew T Stuart emphasised during last week’s Fasken online panel discussion on hydrogen. In this... 

Mines anywhere, everywhere can go green – Hydrogen Optimized
Photo by Creamer Media
Fasken panel that discussed hydrogen.

Tsodilo gets green light to list on OTCQB

By: Donna Slater     4th March 2021 TSX-V-listed diamond and metals exploration company Tsodilo Resources has received approval to start trading on the OTCQB Venture Market under the symbol TSDRF as of the start of trading on March 4. Chairperson and CEO James Bruchs says the company believes a secondary listing on this market... 

Orex and Pan American form JV for Sandra-Escobar project

By: Creamer Media Reporter      3rd March 2021 Canada-listed companies Orex Minerals and Pan American Silver have formed a joint venture to further explore and develop the Sandra-Escobar project, in Durango, Mexico. The project is a consolidation of two groups of claims, each controlled by the two JV participants. Orex and Pan American own... 

First Majestic initiates arbitration against Mexico

By: Mariaan Webb     3rd March 2021 Canadian miner First Majestic Silver has initiated arbitration proceedings against the government of Mexico, which is reportedly seeking $534-million from the company in delinquent taxes. First Majestic, which operates three mines in Mexico, said on Tuesday that it had submitted a request for... 

First Majestic initiates arbitration against Mexico

Fresnillo annual profit soars, cautious on 2021 outlook

By: Reuters     2nd March 2021 Precious metals miner Fresnillo reported a sharp jump in full-year pre-tax profit on Tuesday, boosted by strong gold and silver prices, but the company said it remains cautious for 2021 due to the continued impact of the pandemic in Mexico. The South American nation's largest gold producer said... 

Fresnillo annual profit soars, cautious on 2021 outlook
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