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Silver News

Covid mine suspensions hit Endeavour Silver Q2 output

By: Mariaan Webb     Updated 1 hour 55 minutes ago The mandatory suspension of Mexico’s mines in April and May is evident in Endeavour Silver’s second-quarter production results, with the Toronto- and New York-listed miner on Thursday reporting a 42% decrease in silver-equivalent production. The company produced 1.06-million silver-equivalent... 

Great Panther mines return to stable production

By: Creamer Media Reporter      Updated 2 hours 47 minutes ago Gold and silver mining company Great Panther Mining’s mines in Mexico have returned to stable production, following the lifting of government mandated restrictions on mining, and in Brazil, its Tucano mine has “outperformed” despite the challenges of the global health pandemic. The dual-listed... 

Silver price seen rising to $21/oz by late 2020

By: Mariaan Webb     9th July 2020 Having fallen sharply in mid-March, the silver price has recovered strongly and further gains are forecast for the rest of the year, owing to the precious metal’s safe-haven status and a belief among investors that silver is undervalued in absolute terms to gold. The silver price is forecast to... 

Silver price seen rising to $21/oz by late 2020

Gold anomalies identified at GoviEx’s Mali uranium project

By: Simone Liedtke     7th July 2020 A recent gold geochemical sampling programme at TSX-V-listed GoviEx Uranium’s Falea uranium/copper/silver project, in Mali, has highlighted significant gold in soil anomalies that show the potential extensions of the Sirabaya West and the Siribaya-Bambadinka gold trends through, and potentially... 

Hochschild halts operations in Peru after virus outbreak

By: Simone Liedtke     6th July 2020 A number of workers at silver and gold mining company Hochschild Mining’s Inmaculada operation, in southern Peru, have tested positive for Covid-19, despite preventative measures being in place, including a comprehensive testing programme and quarantine for all employees. The UK-based company has... 

Hochschild halts operations in Peru after virus outbreak
The Inmaculada mine, in Peru.

Minerals Council regrets delay of 2018 Mining Charter review 

By: Martin Creamer     6th July 2020 Minerals Council South Africa on Monday expressed regret that the finalisation of the review of the contested elements of the 2018 Mining Charter had been delayed following a judgement of the full bench of the High Court in Pretoria ordering that a number of other parties be joined to the action.... 

Minerals Council regrets delay of 2018 Mining Charter review
Photo by Creamer Media
Minerals Council South Africa.

Fortuna suspends Caylloma operations for two weeks

By: Simone Liedtke     6th July 2020 NYSE- and TSX-listed Fortuna Silver Mines has voluntarily suspended operations for two weeks at its Caylloma mine, in Peru, following the sudden death of a 34-year old contractor employee on July 5. The cause of death has not yet been determined, but the individual had completed a health check,... 

Fortuna suspends Caylloma operations for two weeks

Covid kills 13 mineworkers, no foreigners back at work  

By: Martin Creamer     2nd July 2020 Thirteen mineworkers have now succumbed to the coronavirus, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Of the 13 who have died, seven were employed in platinum mining in North West province, which has the most cases at 1 413... 

Covid kills 13 mineworkers, no foreigners back at work
Minerals Council South Africa Covid update covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Mining will need long-term strategies to survive new normal 

By: Simone Liedtke     2nd July 2020 For the mining industry to be successful post-Covid-19, the industry will require long-term strategies to deal with its challenges, which includes the pandemic. In a webinar hosted by the London Bullion Market Association (LBMA) on July 2, investment management firm Orion Resource Partners... 

Mining will need long-term strategies to survive new normal

Mount Mackenzie optimised - REZ

By: Esmarie Iannucci     2nd July 2020 Pit optimisation and higher gold prices have improved the economics of the Mount Mackenzie gold and silver project, in Queensland. ASX-listed Resources and Energy reported this week that on the back of an updated mineral resource estimate, and accounting for a higher gold price, the optimisation... 

Covid-19 uncertainties giving precious metals a boost

By: Donna Slater     1st July 2020 Gold has maintained its safe haven status, with prices now having reached eight-year highs at about $1 800/oz on a fresh wave of Covid-19 infections that has been reported in parts of the US, the UK and China, integrated business enterprise Mitsubishi Corporation states. It notes in its '2020... 

Apollo Gold signs LoI to acquire First Majestic’s Jalisco properties

By: Creamer Media Reporter      24th June 2020 TSX-V-listed Apollo Gold has entered into a letter of intent (LoI) with First Majestic Silver, confirming its intention to enter into a three-year earn-in option to acquire the Jalisco group of properties, in Mexico. The Jalisco assets include six properties and 15 highly prospective claims, 13... 

Southern Silver consolidates Cerro Las Minitas holding

By: Creamer Media Reporter      23rd June 2020 TSX-V-listed Southern Silver Exploration has executed an agreement to buy Electrum Global Holdings’ 60% indirect interest in the Cerro Las Minitas (CLM) project, in Durango, Mexico, for $15-million. The cash and stock transaction will increase Southern Silver’s working interest in the project... 

Wheaton co-founder to chair MAG Silver

By: Creamer Media Reporter      23rd June 2020 Canadian advanced-stage development and exploration company MAG Silver has appointed Peter Barnes as chairperson of its board. Barnes first joined the board in late 2012 and has since chaired various committees for MAG, including the audit committee and the governance and nomination committee. 

Silver Dollar signs agreement to buy First Majestic project

By: Creamer Media Reporter      22nd June 2020 Shares in Canada-based junior Silver Dollar Resources surged 32% on Friday, after the company announced a letter of intent (LoI) to acquire First Majestic Silver’s La Joya silver/copper/gold project, in Durango, Mexico. Silver Dollar has the option to earn an initial 80% interest following the... 

Barrick starts field work at Precipitate’s Dominican project

By: Simone Liedtke     18th June 2020 TSX-V-listed Precipitate Gold has announced the start of exploration and field work by gold major Barrick Gold at the Pueblo Grande project, in the Dominican Republic. Precipitate’s Pueblo Grande is adjacent to Barrick’s Pueblo Viejo gold and silver mine and the major has an option to earn 70%... 

Skeena starts PFS for Eskay Creek to further de-risk project

By: Simone Liedtke     15th June 2020 TSX-V-listed Skeena Resources has started a preliminary feasibility study (PFS) for its Eskay Creek gold and silver project, in British Columbia. The goal of the PFS is to technically further de-risk Eskay Creek while developing an appropriate execution strategy to ensure fast-tracked... 

More border openings wanted for returning workers – Minerals Council 

By: Martin Creamer     15th June 2020 More border openings are wanted for returning foreign mineworkers. As of Thursday last week, not a single foreign mineworker had re-entered South Africa from neighbouring foreign countries. “Only a limited number of border posts are open,” Minerals Council South Africa environment, health and... 

More border openings wanted for returning workers – Minerals Council
Minerals Council South Africa Covid-19 Update covered by Mining Weekly Online’s Martin Creamer. Video: Darlene Creamer

Construction activities to resume at Scotgold’s Cononish mine

By: Simone Liedtke     12th June 2020 Construction and development activities at Aim-listed Scotgold Resources’ Cononish gold and silver mine, in Scotland, will resume on June 15. The mine has been on care and maintenance since March 27. 

Construction activities to resume at Scotgold’s Cononish mine

Platinum retailers working towards recovery amid Covid-19 

By: Simone Liedtke     12th June 2020 Manufacturers and retailers of platinum jewellery have begun working towards ensuring the recovery of the sector, as Covid-19 continues to heavily impact on the global economy, the Platinum Guild International’s (PGI’s) latest 'Platinum Jewellery Business Review (PJBR)' states. Published on June... 

Platinum retailers working towards recovery amid Covid-19

First Majestic acquires Springpole silver stream

By: Mariaan Webb     12th June 2020 NYSE- and TSX-listed First Majestic Silver has made its first investment outside of Mexico, announcing on Thursday that it would acquire a stream on 50% of payable silver produced from the Springpole gold project, in Ontario. The company will acquire the silver stream from First Mining Gold for... 

First Majestic acquires Springpole silver stream
A photo taken from the Springpole camp, in Ontario.

240 000 miners back at work – Minerals Council South Africa 

By: Martin Creamer     11th June 2020 An estimated 240 000 miners are back at work on 385 large and small mines across South Africa, Minerals Council South Africa public affairs and transformation senior executive Tebello Chabana said on Thursday. Each and every one of these miners was screened on their return to work after lockdown... 

240 000 miners back at work – Minerals Council South Africa
Mining Weekly’s Martin Creamer reports on Covid update by Minerals Council South Africa. Video: Darlene Creamer 11.06.2020

ICMM members record 287 fatalities in 2019

By: Martin Creamer     11th June 2020 The International Council on Mining and Metals (ICMM) on Thursday released the 2019 safety data of its company members, who reported 287 occupational fatalities, a marked increase from the 50 fatalities recorded in 2018 and 51 fatalities recorded in 2017. ICMM said in a media release to Mining... 

ICMM members record 287 fatalities in 2019
ICMM CEO Tom Butler

Global mining forum IGF puts forward sweeping employment reforms 

By: Martin Creamer     10th June 2020 The Intergovernmental Forum on Mining Minerals Metals and Sustainable Development (IGF) on Wednesday put forward sweeping mining employment reforms in response to the Covid-19 pandemic, which has, it states, exposed weak points in the global labour market. IGF emerged from the 2002 World Summit... 

Global mining forum IGF puts forward sweeping employment reforms
Photo by Bloomberg
Sweeping mining reforms advocated in response to Covid-19.

Silver remains critical to solar market, but demand may have peaked in 2019

By: Mariaan Webb     9th June 2020 A slow decline in silver demand from photovoltaic (PV) cells is forecast for the next several years, but solar generation capacity growth in China, Europe and North America over the next decade, will keep silver demand at elevated levels. This is according to a new report, which London-based... 

Silver remains critical to solar market, but demand may have peaked in 2019
The Les Mees solar farm in France.

Impact restarts mining at Zacualpan

By: Marleny Arnoldi     5th June 2020 TSX-V-listed Impact Silver has restarted production at its Royal Mines of Zacualpan silver district, in Mexico, following lifting of Covid-19-related restrictions by government. The operation involves three underground mines and one openpit mine feeding ore to the Guadalupe production centre.  

Mexico mining output to shrink 17% in 2020 – industry group

By: Reuters     4th June 2020 Mexican mining output will likely fall by about 17% in 2020 due to the impact of the novel coronavirus but should recover by the first quarter of next year, the head of the country's mining chamber said on Wednesday. In interview with Reuters, Fernando Alanis, president of the chamber known as... 

Mozambique streaks ahead with new e-government cadastre advance 

By: Martin Creamer     3rd June 2020 While South Africa is still trundling along laboriously with a minerals cadastre system fraught with shortcomings, Mozambique has rocketed to the highest firmament of e-government licence processing, Mining Weekly can report. Mozambique first led the pack 17 years ago when, ironically, it latched... 

Mozambique streaks ahead with new e-government cadastre advance
Mozambique mining cadastre portal.

New solution for monitoring tailings dams 

By: Martin Creamer     2nd June 2020 The tragic tailings dam breach in Brazil that killed more than 270 people has focused the world of mining on making tailings dams safe. Earlier this year, and environmental organisation Grid-Arendal launched the world’s first publicly accessible global database of mine tailings storage facilities... 

New solution for monitoring tailings dams
Photo by Creamer Media
Tailings dam.

World’s biggest jewellery firm moves to recycled gold, silver

By: Bloomberg     2nd June 2020 Pandora, which makes more pieces of jewelry than any other company in the world, will stop relying on newly mined gold and silver and instead use only recycled precious metals. The new policy, which takes effect in 2025, will help the Copenhagen-based company beef up its climate credentials and... 

World’s biggest jewellery firm moves to recycled gold, silver

Mexican mines get back to work

By: Mariaan Webb     2nd June 2020 More mines across Mexico are ramping up operations, as the country on Monday allowed mining to fully restart, provided that operations meet Covid-19 protocols. Operations were suspended in March to comply with mandatory quarantines imposed in response to Covid-19. By Monday, more than 93 000... 

Mexican mines get back to work

Minister urges mines to test without fear of mine closure 

By: Martin Creamer     29th May 2020 Mineral Resources and Energy Minister Gwede Mantashe on Friday urged mines to test for Covid-19 to the full extent without fearing mine closure. The Minister was responding to a media question on the steps the Department of Mineral Resources and Energy (DMRE) was taking to end the backlog of... 

Minister urges mines to test without fear of mine closure
Photo by Creamer Media's Donna Slater
Gwede Mantashe

Conversation on getting economy back on track post-Covid has begun   

By: Martin Creamer     28th May 2020 The conversation has begun on getting the South African economy back on track with the necessary structural reforms post-Covid, Minerals Council South Africa CEO Roger Baxter said on Wednesday. Speaking at question time during a virtual media conference following the council’s annual general... 

Conversation on getting economy back on track post-Covid has begun
Minerals Council’s virtual media conference covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Yamana completes royalty sale to newly listed Nomad for 13% ownership

By: Marleny Arnoldi     28th May 2020 TSX- and NYSE-listed Yamana Gold has completed the sale of a portfolio of royalty interests and a contingent payment agreement to Nomad Royalty Company for $65-million. Nomad, formerly Guerrero Ventures, will start trading on the TSX on May 29.  

Second stage of Kefi’s drilling programme in Saudi Arabia completed

By: Simone Liedtke     27th May 2020 Gold and Minerals (G&M), Kefi Minerals’ 34%-owned joint venture company, has now completed Stage 2 of the Hawiah diamond drilling programme, in Saudi Arabia, thereby increasing the number of completed drill holes to 69 since October 2019, when the first drill hole was completed. Copper, zinc,... 

Fortuna’s San Jose back at nameplate capacity

By: Creamer Media Reporter      27th May 2020 The San Jose silver/gold mine, in Mexico, has officially resumed production at nameplate capacity of 30 000 t/d, after it was granted approval on May 25 to restart operations. Owner Fortuna Silver mines suspended production after the Mexico government on March 31 announced an isolation period to... 

Silver Mines raises A$12m

By: Esmarie Iannucci     27th May 2020 Silver explorer Silver Mines has completed a A$12-million capital raise to professional and sophisticated investors, to fund work at its Bowdens silver mine, in New South Wales. The company will issue 120-million fully paid ordinary shares at a price of 10c each, with the majority of the shares... 

Full reopening of mining from June 1 – President Ramaphosa

By: Martin Creamer     24th May 2020 Subject to strict Covid-19 protocols, mining will be allowed to reopen fully from June 1, President Cyril Ramaphosa said on Sunday. In his address on South Africa’s response to the coronavirus pandemic, the President announced that South Africa would advance to level 3 from June 1, with an... 

Full reopening of mining from June 1 – President Ramaphosa
Photo by Creamer Media's Donna Slater
President Cyril Ramaphosa
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