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Silver News

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

Silver demand for printed and flexible electronics to rise as market matures

By: Creamer Media Reporter      20th May 2021 Silver demand for printed and flexible electronics is forecast to increase 5%, from 48-million ounces in 2021 to 74-million ounces in 2030, consuming 615-million ounces for these applications during the ten-year timeframe, as this market continues to mature and expand. Printed and flexible... 

Hire jobless geologists to capture much-needed exploration data – LEI   

By: Martin Creamer     19th May 2021 A strong call for unemployed geology graduates to be contracted to capture historic exploration data electronically has been made by Letaba Elihle Investments (LEI) principal geology consultant Siphelele (Siphe) Ntshangase. In a Zoom interview with Mining Weekly Ntshangase also called on South... 

LEI Principal Geology Consultant Siphelele (Siphe) Ntshangase
LEI Principal Geology Consultant Siphelele Ntshangase interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Billionaire miner Lundin looks to Argentina just as Chile outlook dims

By: Bloomberg     19th May 2021 In a sign of South America’s shifting political winds, a billionaire mining clan is holding off on new investments in Chile because of country risk while looking to move forward with a huge spend in Argentina. Lundin Mining, which recently spent $1-billion upgrading its copper operation in... 

Lundin Mining's Candelaria operation, in Chile. The group is holding off new investments in that country because of risk.
Lundin Mining's Candelaria operation, in Chile. The group is holding off new investments in that country because of risk.

New technologies transforming mining, metals industry – ICMM 

By: Martin Creamer     14th May 2021 New technologies are transforming the mining and metals industry, making it cleaner and safer, says the International Council on Mining and Metals (ICMM), which is progressing an 'innovation for cleaner, safer vehicles' initiative. The initiative brings together 28 of the world’s leading mining... 

An innovation for cleaner, safer vehicles initiative has been introduced.
An innovation for cleaner, safer vehicles initiative has been introduced.

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... 

Integral Asset Management chief investment officer Bruce Williamson.
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 Silver Caylloma Mine
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... 

Gary Nagle
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... 

Scottie and AUX combined claims
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... 

Allan Saad, Consulting Exploration Geologist
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 chain as outlined by Professor Dmitri Bessarabov, the director of the Department of Science and Innovation's National Centre of Competence.
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... 

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. 

From top left, clockwise, Jeff Quartermaine, Arnold van Graan, Neal Froneman, Christine Ramon and Mark Bristow.
Photo by Creamer Media
From top left, clockwise, Jeff Quartermaine, Arnold van Graan, Neal Froneman, Christine Ramon and Mark Bristow.
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