R/€ = 17.10 Change: 0.00
R/$ = 16.77 Change: 0.02
Au 1742.74 $/oz Change: -25.37
Pt 859.50 $/oz Change: -8.00

Silver News

Directors face potential liability for climate change risks – Webber Wentzel 

By: Martin Creamer     8th February 2022 Directors face potential liability if they fail to carry out their fiduciary duties to curb climate change risks and do not make complete disclosures about climate-related risks, Webber Wentzel partner Merlita Kennedy and associate Tobia Serongoane stated on Tuesday. In a release to Mining... 

Mexico’s ‘Silver King,’ billionaire Alberto Bailleres, has died

By: Bloomberg     4th February 2022 Alberto Bailleres, a Mexican billionaire who once owned the world’s largest refined silver company, has died, according to a statement from his business conglomerate Grupo Bal. He was 90. Bailleres’s vast mining fortune earned him the nickname “King of Silver” or Mexico’s “King Midas.” He had a... 

GoviEx kicks off 6 000 m drill programme in Mali

By: Marleny Arnoldi     4th February 2022 TSX-V-listed GoviEx Uranium has kicked off its 2022 drilling programme at the polymetallic copper/silver/uranium Falea project, in Mali. The company appointed Foraco Mali to undertake 6 000 m of diamond core drilling, down to 600 m, focusing mainly on targets identified through induced... 

Glencore enters battery recycling JV, targeting renewable-powered facility 

By: Martin Creamer     3rd February 2022 Diversified mining and marketing company Glencore has entered a battery recycling joint venture (JV) with strategic partner and battery pioneer Britishvolt, a UK battery cell technologies and research and development investor.   

Britannia Refined Metals operation in Northfleet, UK.

Glencore reports 43% higher ferrochrome production  

By: Martin Creamer     2nd February 2022 Diversified mining and marketing company Glencore on Wednesday reported 43% higher ferrochrome production in its full year 2021 production report.   

Picture supplied
Gary Nagle

South Africa needs to embrace Ubuntu principles in going green, webinar hears 

By: Martin Creamer     31st January 2022 In decarbonising and going green, South Africa needs to embrace the principles of Ubuntu and show humanity towards others. That view was expressed by Gold Fields South Africa executive VP Martin Preece during the 'Decarbonisation & Going Green in the Mining Sector' webinar hosted by Creamer Media... 

Screenshot by Creamer Media
Photo by Creamer Media
From top left, clockwise, are Abel Sakhau, Martin Preece, Jevon Martin, Nikisi Lesufi and James Mackay.

Fresnillo cuts 2022 guidance as omicron worsens staffing challenges

By: Mariaan Webb     27th January 2022 Mexico-focused precious metals miner Fresnillo has lowered its production expectations for the year, as the highly contagious omicron variant has worsened ongoing operational challenges relating to its labour force. The fourth wave of Covid has resulted in higher staff absenteeism, starting in... 

Newcrest withdraws from Cornerstone’s project in Ecuador

By: Creamer Media Reporter      26th January 2022 Australian gold major Newcrest has notified Canadian junior Cornerstone Capital Resources of its intention to withdraw from the option and farm-in agreement over the Caña Brava and Tioloma properties in Ecuador. The properties target epithermal gold/silver and porphyry gold/copper deposits. 

Americas Gold and Silver reopens San Rafael mine

By: Reuters     24th January 2022 The San Rafael mine in northern Mexico operated by Canada's Americas Gold and Silver has reopened, Mexico's Economy Minister Tatiana Clouthier said on Friday. Mexico's main mining union had been in talks for months to end a dispute that had forced the mine's closure. 

Early copper/zinc production investigations under way at Orion’s Prieska  

By: Martin Creamer     20th January 2022 The executive team of Orion Minerals is re-evaluating the development schedule of the Prieska copper-zinc project to assess the potential for its fast-tracking. Also flagged is the opportunity to extract pillars left by historic mining. 

Creamer Media picture
Orion CEO Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video Editing: Darlene Creamer

SSR sells Mexican mine to Endeavour Silver

By: Esmarie Iannucci     14th January 2022 Triple listed SSR Mining has announced plans to sell its Pitarrilla silver/lead/zinc project in Durango, Mexico, to TSX- and NYSE-listed Endeavour Silver for up to $127-million. The consideration would consist of a $35-million cash payment, $35-million in Endeavour Silver shares, with the number... 

Image shows silver bars

Ambler Metals close to starting formal permitting for Arctic

By: Mariaan Webb     12th January 2022 Ambler Metals, a joint venture between Trilogy Metals and South32, will soon start the formal permitting process for the Arctic project, in Alaska. An independent consulting company has completed a preparedness review of the draft permitting package for the project and, with some minor changes,... 

Adriatic locks down debt for Vares

By: Esmarie Iannucci     10th January 2022 Dual listed Adriatic Metals has completed a $142.5-million debt financing package with Orion Resource Partners as part of its funding solution to develop the Vares silver project, in Bosnia & Herzegovina. The debt funding forms part of a greater $244.5-project financing package unveiled last... 

Image shows Australian currency

Pembridge sets bar higher for Minto copper output in 2022

By: Marleny Arnoldi     7th January 2022 London-listed Pembridge Resources reports positive yearly output improvements at its Minto mine and has set the bar higher for 2022 guidance. In the year ended December 31, 2021, Minto produced 26-million pounds of copper, 11 783 oz of gold and 135 354 oz of silver, which were year-on-year... 

Kuya Silver publishes maiden mineral resource estimate for Qld project

By: Marleny Arnoldi     7th January 2022 Toronto-based Kuya Silver Corporation has published a maiden mineral resource estimate on the Bethania silver project, in Queensland, Australia. This follows the completion of 5 000 m of shallow diamond drilling in 2021 and previously collected underground rock chip samples. 

Corvus shareholders give green light for takeover by AngloGold

By: Marleny Arnoldi     7th January 2022 TSX-listed Corvus Gold says the majority of its shareholders voted in favour of the proposed deal whereby AngloGold Ashanti intends to acquire the remaining 80.5% of shares of Corvus it does not own for about $370-million. Pending court approvals and customary approvals, the companies expect the... 

Endeavour Silver publishes new sustainability strategy for 2022 to 2024

By: Donna Slater     6th January 2022 TSX- and NYSE-listed midtier precious metals miner Endeavour Silver Corporation has published its new sustainability strategy for 2022 to 2024 that sets out its priorities, actions and targets over the next three years. Endeavour operates two high-grade, underground silver/gold mines in Mexico.  

Excellon assessing whether to continue mining in Mexico amid cost increases

By: Tasneem Bulbulia     6th January 2022 Dual-listed Excellon Resources is assessing the economic viability of continuing to mine at its Platosa silver mine, in Mexico, beyond the middle of this year, president and CEO Brendan Cahill said on January 5. In an update to shareholders, he said the company had made great progress at Platosa... 

Minerals Council backs State capture commission’s recommendations 

By: Martin Creamer     6th January 2022 Minerals Council South Africa on Thursday endorsed the recommendations of the first report of the Commission of Inquiry into State Capture. The Minerals Council said these recommendations, aimed at preventing endemic and corrosive corruption in organs of the state and within the private sector,... 

Supplied picture
Minerals Council South Africa CEO Roger Baxter

Silver Bullet Mines on track to commission modular pilot plant

By: Donna Slater     6th January 2022 TSX-V-listed silver, gold and copper explorer and developer Silver Bullet Mines (SBMI) is progressing with the construction of a 125 t/d modular pilot plant in Arizona, in the US, and is on track to start commissioning of the plant in the first quarter of this year. Currently, over 90% of the... 

Peru is winning over miners with soft hand on conflicts, PM says

By: Bloomberg     6th January 2022 Mining companies in Peru are starting to get on board with a new soft-handed approach to resolving social conflicts that threaten some of the world’s biggest copper, zinc and silver operations, according to a top government official. Previous governments tended to send in the military to deal... 

Mining in Peru

Foran appoints David Bernier as COO

By: Schalk Burger     5th January 2022 TSX-V-listed copper/zinc/gold/silver exploration and development company Foran Mining has appointed David Bernier as COO, effective immediately. Bernier has more than 25 years of deep operational experience gained from a series of progressively senior roles across mine design, project development... 

Mirasol promotes Cazares to CFO

By: Marleny Arnoldi     4th January 2022 TSX-V-listed exploration company Mirasol Resources has promoted corporate controller Carmen Cazares to CFO. She joined Mirasol in 2019 and has 30 years of experience in operations and accounting, including at Coro Mining Corporation, in Vancouver, and Endeavour Silver Corporation, in Mexico. 

Walkabout solidifies exploration footprint in Scotland

By: Marleny Arnoldi     4th January 2022 ASX-listed Walkabout Resources has acquired the remaining 25% stake in JDH Exploration for £100 000, giving it full ownership over 750 km2 of prospective exploration licences in southwest Scotland. JDH holds two Mines Royal options with State-owned property corporation Crown Estate Scotland, in... 

Pan American Silver soars after long-awaited Argentina mining law changes

By: Bloomberg     17th December 2021 New York-traded shares of Pan American Silver jumped as much as 8.6%, the most since May, after provincial lawmakers in Argentina paved the way for the company’s $1-billion Navidad silver mine. Lawmakers in Chubut on Wednesday voted in favour of a zoning law allowing mining in the Gastre-Telsen... 

Pan American Silver soars after long-awaited Argentina mining law changes

'No deal here': Peru communities, Hochschild on collision path over mine closures

By: Reuters     15th December 2021 Hochschild Mining is on a collision path with Peruvian communities near its Inmaculada and Pallancata mines, with the firm adamant it will not shut the pits and local residents determined that it will not be granted operation extensions. Community leaders near four mines in the southern Andean... 

Hochschild sees Peru's approval early next year for silver mine extension

By: Reuters     15th December 2021 Hochschild Mining expects Peru's regulators to approve in the first half of 2022 a plan to extend the life of its Inmaculada silver mine, an executive said, after the firm's shares were hammered by a dispute fuelled by locals opposed to the extension. If approved, the life of the mine would run... 

An image of the Inmaculada silver mine
The Inmaculada silver mine

Wheaton to buy Blackwater gold and silver streams for $441m

By: Mariaan Webb     14th December 2021 Streaming major Wheaton Precious Metals has agreed to buy the gold and silver streams on the Blackwater project, in British Columbia, for $441-million, the group announced on Monday. Wheaton would buy the existing gold stream, held by TSX-listed New Gold, for $300-million and entered into a... 

An image of the Blackwater project area
Blackwater in British Columbia, Canada

Under leftist President, Peru faces pitched battle over mining

By: Bloomberg     13th December 2021 In the endless jousting between global mining conglomerates and many Peruvians, Julio Guillermo had long been considered pretty marginal -- an anti-government rabble rouser fighting not for a bigger share of the spoils but to shut mines down in his south-central highlands. Like his fellow local... 

An image of Pedro Castillo
Peru President Pedro Castillo

Leading mining companies commit to contract transparency 

By: Martin Creamer     9th December 2021 Members of the International Council on Mining and Metals (ICMM) on Thursday announced their commitment to disclose all mineral development contracts from the start of January this year, wherever they operate, marking a significant step by about a third of the global mining and metals industry to... 

Picture supplied.
ICMM CEO Rohitesh Dhawan

Exploration debate highlights Nema challenge  

By: Martin Creamer     3rd December 2021 The withdrawal of a portion of the National Environmental Management Act (Nema) has created a major challenge for mineral exploration in South Africa, the Industrial Development Corporation (IDC) co-sponsored exploration webinar heard on Thursday. Taking part in the panel discussion under... 

Creamer Media image.
IDC co-sponsored webinar covered by Mining Weekly.

Use renewables to cut carbon and create hydrogen, use hydrogen to cut diesel – Cutifani   

By: Martin Creamer     2nd December 2021 Use renewables to cut carbon and create hydrogen, and then use the hydrogen that has been created to replace diesel. Anglo American CE Mark Cutifani proposed this climate blueprint while also outlining his London- and Johannesburg-listed mining company’s entry into crop nutrients that can free up... 

Creamer Media screenshot during GlobeScan climate webinar
GlobeScan climate event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Paris PFS proves positive

By: Esmarie Iannucci     30th November 2021 A prefeasibility study (PFS) into the Paris silver project, in South Australia, has estimated that the project would require a capital investment of A$131-million. ASX-listed Investigator Resources on Tuesday told shareholders that the project could produce some 26.7-million to 29-million ounces... 

Peru communities resolute on mine shutdowns despite government shift 

By: Reuters     26th November 2021 Communities in Peru's Ayacucho region say they will resume protests against the mining sector if the government of leftist President Pedro Castillo breaches what they call a signed agreement to shutter mines, local leaders told Reuters. Prime Minister Mirtha Vasquez said last week that the... 

Law firm creates outsourced compliance solution for mining industry 

By: Martin Creamer     25th November 2021 A specialist mining law firm, which prefers people to paper, has created an outsourced compliance solution for Africa’s mining industry. NSDV will not simply rely on the paper trail when a client calls with an issue, but instead phone, WhatsApp, or drive there and chat to the officials. 

NSDV supplied picture
NSDV director and co-founder Lili Nupen

Hochschild says key Peru mines to continue, shares gain

By: Mariaan Webb     25th November 2021 The CEO of London-listed Hochschild Mining has welcomed clarification from the Peru government that the precious metals miner’s key operations – Inmaculada and Pallancata – will continue to operate under the existing legal framework. Peru on Wednesday softened its stance and said that mining... 

An image of  Ignacio Bustamante
Hochschild Mining CEO Ignacio Bustamante

Aurcana curtails output after rock movement

By: Creamer Media Reporter      24th November 2021 Vancouver-based Aurcana Silver has scaled back production and development activities at its Revenue Virginius mine, in Colorado, after a rock movement event. The rock movement happened in the #2 Alimak Raise, which provides access to and from the stoping level for people and material, as well as... 

Peru miners, govt carry out 'productive' talks following Hochschild stock collapse

By: Reuters     23rd November 2021 Shares of Hochschild Mining collapsed 27% on Monday after Peru's government ruled out any operational extensions for its flagship Inmaculada silver mine, but mining executives and government officials also said they had had a "productive" late night meeting to ease tensions. Mining is key to... 

Image of Peru President Pedro Castillo
Peru President Pedro Castillo
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