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Silver News

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... 

The newly minted Big Five African 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 CEO Danie Pretorius
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 CEO Danie Pretorius.
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... 

Mexico President Andres Manuel Lopez Obrador
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... 

AmaranthCX director Paul 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... 

Fasken panel that discussed hydrogen.
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

Mexican mining chamber warns uncertainty to bring investment cuts

By: Reuters     1st March 2021 Mexico's large mining sector will likely see some recovery this year after 2020's pandemic-induced slump, but a key industry leader said he fears rising political risk will drag down growth as companies focus new investments elsewhere. Fernando Alanis, president of Mexican mining chamber... 

Mexican mining chamber warns uncertainty to bring investment cuts

Lundin group sees Argentine gold and silver mine opening in 2026

By: Reuters     25th February 2021 Canadian mining group Lundin plans to begin operating its Argentine silver-gold-copper project Josemaria in 2026, after an investment of $3.09-billion, a company spokesman told Reuters on Wednesday. Argentina is pointed out by many experts as a country with great untapped mineral wealth, mainly... 

Test mine study under way for Fourth Industrial Revolution try-outs  

By: Martin Creamer     24th February 2021 A feasibility study is under way on a mine selected for the testing of Fourth Industrial Revolution (4IR) technologies ahead of their implementation, Minerals Council South Africa senior executive modernisation and safety Sietse van der Woude said on Wednesday. Van der Woude was answering... 

Clockwise from top left Sietse van der Woude, Ian Mackay, and Bernard Swanepoel.
Joburg Indaba Modernisation in Mining virtual event covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Merger to create new North American precious metals explorer

By: Creamer Media Reporter      24th February 2021 A new North America-focused precious metals exploration and development company is set to emerge from the combination of TSX-V-listed Silver Mountain Mines and private British Columbia company Nevgold. Nevgold holds the rights to acquire the Limousine Butte and Cedar Wash project, in Nevada,... 

Mexican president pressures Canadian miner in simmering tax dispute

By: Reuters     23rd February 2021 Mexican President Andres Manuel Lopez Obrador on Monday urged a Canadian mining company in the country to pay outstanding taxes, saying it was hiding behind the threat of international litigation to shirk its obligations. Questioned at a news conference about the tax burden on mining firms in... 

Andres Manuel Lopez Obrador
Andres Manuel Lopez Obrador

Having gold in your portfolio is a very solid insurance right now – Bristow 

By: Martin Creamer     18th February 2021 Having gold in your portfolio is a very solid insurance right now, as it always has been during global crises. That is the view of Barrick Gold president and CE Dr Mark Bristow, whose company on Thursday reported 91% higher fourth-quarter operating cash flow to $5.4-billion and annual free cash... 

Barrick Gold president and CE Dr Mark Bristow
Barrick Gold president and CE Dr Mark Bristow

Nagle expresses firm belief in Glencore’s coal-depleting climate change strategy 

By: Martin Creamer     16th February 2021 Firm belief in the climate change strategy being embarked upon by diversified mining and marketing company Glencore was expressed on Tuesday by incoming Glencore CEO Gary Nagle, Outgoing Glencore CEO Ivan Glasenberg announced in December that he would be handing over the reins of the global... 

Gary Nagle
Gary Nagle

Alicanto takes more ground in Sweden

By: Esmarie Iannucci     15th February 2021 ASX-listed Alicanto Minerals has secured tenure over the historic Sala silver mine, in Sweden. The project, which was once Europe’s largest silver producer, is some 100-km from Alicanto’s existing Greater Falun copper/gold project. Sala ceased production in 1962, having produced more than... 

Silver Mines raises A$30m for Bowdens

By: Esmarie Iannucci     15th February 2021 ASX-listed Silver Mines has raised A$30-million in a share placement to institutional, sophisticated and professional investors, to progress the development of its Bowdens silver project, in New South Wales. Silver Mines on Monday said that it would place more than 136.36-million shares, at a... 

Silver will outshine gold as demand hits 8-year high in 2021 - Silver Institute

By: Reuters     12th February 2021 Global demand for silver will rise to 1.025-billion ounces in 2021, its highest in eight years, as investors and industry ramp up purchases, the Silver Institute said this week, predicting that prices would rise. The coronavirus outbreak triggered a rush among investors to stockpile silver,... 

Silver will outshine gold as demand hits 8-year high in 2021 - Silver Institute

Gold Fields ups stake in Peru explorer

By: Mariaan Webb     12th February 2021 Bullion major Gold Fields has invested another C$2.9-million in a Canadian company, which owns copper/gold/silver exploration assets in the Peruvian Andes. Through its Gold Fields Nazca Holdings (GFNH) indirect subsidiary, Gold Fields purchased 5.81-million common shares in TSX-V-listed Chakana... 

Horizon strikes out on its own at Nimbus

By: Esmarie Iannucci     11th February 2021 Gold developer Horizon Minerals has taken the decision to advance its Nimbus silver/zinc project, in Western Australia, following a strategic review. The company told shareholders that while several acquisition and earn-in proposals had been received and carefully considered for the Nimbus... 

Sprott invests in Goliath

By: Mariaan Webb     11th February 2021 TSX-V-listed Goliath Resources has announced a strategic investment by Eric Sprott of C$2-million, representing an 8.5% stake in the company. Crescat Capital will be participating in this offering to maintain its 9.9% interest. 

Platinum group metals outlook: constrained supply, very strong demand growth – WPIC  

By: Martin Creamer     8th February 2021 The outlook for platinum group metals (PGMs) is one of constrained supply and very strong demand growth. “You’ve got the entire PGMs suite that is short and that certainly will translate into tight markets,” World Platinum Investment Council (WPIC) Director of Research Trevor Raymond told Mining... 

World Platinum Investment Council Director of Research Trevor Raymond
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

LBMA says silver to be 2021’s top performer

By: Simone Liedtke     5th February 2021 The London Bullion Market Association (LBMA) has identified silver as the top performer among metals this year, considering that the commodity has garnered increased attention from investors over the past few days. The precious metal was up 20% in just three days, before correcting lower with a... 

Silvercorp plans listing for newly acquired Mexico project

By: Mariaan Webb     5th February 2021 Canada’s Silvercorp has announced the acquisition of the La Yesca silver project, in Mexico, and says it plans to list its New Infini subsidiary as an independent public company. New Infini has acquired a 100% interest in Infini for $9.25-million in cash and a 45% interest in New Infini shares... 

Beaty retires from Pan American Silver

By: Creamer Media Reporter      4th February 2021 Precious metals miner Pan American Silver on Wednesday announced that founder Ross Beaty would retire as chairperson and director in May, after 27 years in the seat. Beaty founded Pan American Silver in 1994 and has served as chairperson since then. He also was CEO of the company from its... 

Ross Beaty
Ross Beaty

SilverCrest approves Las Chispas construction

By: Mariaan Webb     3rd February 2021 Vancouver-headquartered SilverCrest Metals on Tuesday announced the results of a feasibility study for its Las Chispas project, in Sonora, Mexico, and formally approved construction of the $137.7-million project. With engineering, procurement and construction contract and underground development... 

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