R/€ = 17.21 Change: -0.17
R/$ = 16.50 Change: -0.21
Au 1810.70 $/oz Change: 15.76
Pt 892.00 $/oz Change: 2.00

Silver News

Wheaton pays $150m for silver stream from Cozamin

By: Mariaan Webb     14th December 2020 Toronto-listed Capstone Mining on Friday announced a streamlining agreement with Wheaton Precious Metals, which would pay $150-million upfront for silver from the Cozamin mine, in Mexico. Wheaton would receive half of Cozamin’s silver production until ten-million ounces had been delivered and... 

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Exploration Geological Consultancy MD Regina Molloy
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

Altus Strategies discovers further copper, silver mineralization at Morocco project

By: Simone Liedtke     10th December 2020 Dual-listed Altus Strategies has discovered further copper and silver mineralisation at the company’s wholly owned Agdz project, in Morocco. The discovery follows a previously announced predictive mapping project. 

Sandfire sets its sights on building a new copper production hub in Botswana

By: Donna Slater     1st December 2020 ASX-listed Sandfire Resources has taken the decision to proceed with the $259-million development of the T3 Motheo copper/silver project, in Botswana, following the completion of a positive definitive feasibility study (DFS) on a base case 3.2-million-tonne-a-year operation, with "clear... 

Alexco commissions Keno Hill mill

By: Creamer Media Reporter      27th November 2020 Dual-listed Alexco Resources has commissioned the Keno Hill mill, in Yukon, marking a significant milestone on its journey towards establishing the company as Canada’s only primary silver producer. The Keno Hill district mill resumed production, with lead/silver and zinc concentrates The... 

Anglo Asian says conscripted engineers to return to work in early 2021

By: Mariaan Webb     24th November 2020 Aim-listed gold, copper and silver producer Anglo Asian has lowered its production guidance for the year, as the conscription of several engineering staff and slowed tunnelling progress owing to rock faulting have impacted on production. The company expects to produce between 68 000 and 72 000... 

Gedabek, in Azerbaijan
Gedabek, in Azerbaijan

Coal mine on point of turning acid mine drainage into potable water at no cost  

By: Martin Creamer     23rd November 2020 An Mpumalanga coal mine is on the point of entering into an agreement before year-end to have its acid mine drainage water curse turned into potable water at no cost, Mining Weekly can today report. Recovered potassium nitrate, which retails at about R15 000/t and which is marketed at about R11... 

John Bewsey
Trailblazer Technologies director John Bewsey interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Hochschild says dividend confirms confidence in outlook

By: Mariaan Webb     20th November 2020 The board of silver and gold miner, Hochschild Mining, has approved the payment of the previously suspended interim dividend, announcing on Friday that shareholders would receive a $4-a-share dividend. The company, headquartered in Peru, and listed in London, previously postponed the 2020... 

Hochschild CEO Ignacio Bustamante
Hochschild CEO Ignacio Bustamante

KGHM sees output continuing despite mine closure risk due to Covid

By: Reuters     19th November 2020 Poland's KGHM, one of the world's biggest copper and silver producers, said on Thursday while there was a risk of closing some mines or smelters due to Covid-19 infections among workers, overall production would continue. KGHM owns mines and smelters in Poland, as well as mines in Chile, Canada... 

Sierra announces expansion plans for Yauricocha

By: Mariaan Webb     19th November 2020 TSX- and NYSE American-listed Sierra Metals has announced the results of a preliminary economic assessment (PEA) looking at the expansion of its Yauricocha mine, in Peru, and has said that it is also considering growth options at the Cusi mine, in Mexico. At Yauricocha, Sierra has considering... 

Sierra announces expansion plans for Yauricocha

Endeavour Silver expands Terronera

By: Creamer Media Reporter      19th November 2020 Midtier precious metals miner Endeavour Silver has expanded the footprint of its Terronera project, in Jalisco state, Mexico, to 20 128 ha through the acquisition of two adjacent groups of mineral concessions, La Sanguijuela and Cerro Gordo. “These two acquisitions not only expand our property... 

Silver Mines takes stake in Thomson Resources

By: Esmarie Iannucci     12th November 2020 ASX-listed Silver Mines has signed a binding term sheet with fellow listed Thomson Resources for the sale of its Webbs silver/polymetallic project and the Conrad silver/polymetallic project, in New South Wales. Under the terms of the transaction, Thomson Resources would acquire both project... 

Lucky Friday silver mine back at full production this quarter

By: Mariaan Webb     9th November 2020 The Lucky Friday silver mine, in Idaho, US, will return to full production this quarter, owner Hecla Mining reported on Monday, stating that its ramp-up following a several-year long strike of unionised workers was ahead of schedule. Union employees at Lucky Friday were on strike from March 2017... 

Lucky Friday silver mine back at full production this quarter

SilverCrest shares jump on high-grade discovery

By: Mariaan Webb     6th November 2020 Toronto-listed SilverCrest on Thursday announced the discovery of the El Muerto zone, in the north-west part of the Babicanora vein at its Las Chispas property, in Sonora, sending its shares up 15%. El Muerto is the company's first successful attempt at intercepting high-grade precious metals... 

Wits Basin’s shallow gold reefs to be mined as economic environment creates huge tailwind  

By: Martin Creamer     4th November 2020 New mid-tier gold aspirant Shallow Reefs Gold is in the process of being built in South Africa to mine the shallow reefs of South Africa’s historic Witwatersrand Gold Basin. Shallow Reefs Gold has former Mineral Resources Minister Susan Shabangu and former Exxaro chairperson Sipho Nkosi on board... 

Shallow Reefs Gold's Mark Gilbert
Shallow Reefs Gold covered by Mining Weekly’s Martin Creamer at Junior Indaba. Video: Darlene Creamer.

Exploration is priority, says Mineral Resources Minister Gwede Mantashe  

By: Martin Creamer     3rd November 2020 South Africa should be an exploration site that contributes to gross domestic product growth and employment creation. “Exploration is the way to go and a priority,” Mineral Resources and Energy Minister Gwede Mantashe told the 2020 Junior Indaba in his keynote address on Tuesday. (Also watch... 

Gwede Mantashe (right) and Bernard Swanepoel.
The Junior Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Flow-through must not only incentivise exploration but also market participation – Miller 

By: Martin Creamer     2nd November 2020 A flow-through share scheme tax incentive, currently under consideration for South Africa, must serve to incentivise not only exploration but also public listed market development and market participation by a diversity of investors. Mining supply sales consultancy AmaranthCX director Paul Miller... 

Mining supply sales consultancy AmaranthCX director Paul Miller
Photo by Creamer Media
Mining supply sales consultancy AmaranthCX director Paul Miller

Pretivm reports higher third-quarter net earnings despite higher costs

By: Marleny Arnoldi     30th October 2020 Canadian miner Pretivm produced 86 136 oz of gold and 130 975 oz of silver in the third quarter. This compares with the 88 227 oz of gold and 124 958 oz of silver produced in the third quarter of 2019.  

Hecla achieves strong third-quarter operational performance

By: Creamer Media Reporter      29th October 2020 US precious metals miner Hecla achieved higher silver, lead and zinc production for the third quarter ended September 30, but its gold production decreased by 47% year-on-year to 41 174 oz. Silver production increased by 9% year-on-year to 3.54-million ounces, while lead output increased by 60%... 

Yamana reports strong third-quarter results; highest operating cash flow since 2015

By: Creamer Media Reporter      29th October 2020 Americas-focused precious metals miner Yamana Gold has posted a strong production and financial performance in the third quarter. The TSX-, NYSE- and LSE-listed miner achieved above plan gold and silver production. Gold production reached 201 772 oz, underpinned by "standout" production from the... 

Newmont increases quarterly dividend by 60% to $0.40 a share

By: Creamer Media Reporter      29th October 2020 NYSE- and TSX-listed Newmont Corporation has declared a quarterly dividend of $0.40 a share for the third quarter. The dividend, payable on December 28, represents a 60% increase compared with the prior quarterly dividend of $0.25 a share. 

Wheaton's shares start trading on the LSE

By: Marleny Arnoldi     28th October 2020 TSX- and NYSE-listed precious metal streaming company Wheaton Precious Metals Corporation has started trading on the LSE main market, effective October 28. CEO Randy Smallwood says Wheaton’s business model offers UK investors a unique and appealing opportunity to gain exposure to precious... 

Boliden reports healthy third-quarter output, financial performance

By: Marleny Arnoldi     28th October 2020 Swiss miner Boliden says its milled production volumes during the third quarter remained on par with that of the second quarter of the year, but came in higher than that of the prior year's third quarter. The company reported an operating profit of SEK2.2-billion for the quarter ended September... 

Chaarat maintains guidance amid instabilities in its operating countries

By: Marleny Arnoldi     28th October 2020 Aim-listed Chaarat has produced 15 175 gold-equivalent ounces (GEOs) in the third quarter, an increase of 8.7% on the second quarter’s output but 0.4% lower on that produced in the third quarter of 2019. This places the company on track to achieve its full-year guidance of 55 000 GEOs.  

Brixton Metals, HPX enter into $44.5m earn-in agreement over Hog Heaven project

By: Creamer Media Reporter      28th October 2020 Canadian exploration and development company Brixton Metals has entered into a binding heads of agreement with High Power Exploration (HPX), a mineral exploration and development company led by chairperson and CEO Robert Friedland, with respect to a $44.5-million earn-in and joint venture on... 

Hopes rise as top firms arrive at potential flow-through share model to stimulate mining exploration  

By: Martin Creamer     27th October 2020 A flow-through share model has been drawn up with the help of top firms to stimulate badly neglected mining exploration in South Africa, Minerals Council South Africa junior and emerging miners leadership forum chairperson Errol Smart said on Tuesday. Speaking to Mining Weekly in a Zoom... 

Errol Smart
Minerals Council South Africa Junior Miners’ Forum Chairperson Errol Smart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Streaming company Wheaton to list on LSE

By: Mariaan Webb     23rd October 2020 Streaming company Wheaton Precious Metals will list on the London exchange on October 28, the company, which already trades in Toronto and New York, announced on Friday. Wheaton enters into agreements to purchase all, or a portion, of the precious metals production from mines located around the... 

Streaming company Wheaton to list on LSE

Covid has highlighted the value of operating remotely – mining editor 

By: Martin Creamer     22nd October 2020 The extraction of data from machinery to improve decision-making is a key benefit of the digital mine and has changed the way that mines manage their assets and perform machine maintenance, Australia Mining managing editor Ben Creagh said on Wednesday. Creagh was speaking during a virtual... 

ifm Australia’s Freddie Coertze and Aditya Kunder.
ifm Australia’s Freddie Coertze and Aditya Kunder.

Fresnillo lowers gold guidance, silver forecast unchanged

By: Mariaan Webb     21st October 2020 Mexico’s largest gold producer Fresnillo has lowered its 2020 guidance for gold, citing Covid-related work restrictions at its openpit mines, but the company kept its silver production outlook unchanged. The London-listed miner explained on Wednesday that it had to reduce the number of mine... 

Fresnillo lowers gold guidance, silver forecast unchanged

Platinum well positioned in hydrogen economy’s sweet spots – WPIC  

By: Martin Creamer     21st October 2020 The upcoming platinum demand of Hyundai alone could come close to taking up the total annual production of one of South Africa’s biggest platinum mines. Hyundai has stated categorically, in a double-page advertisement in The Economist of London, that it will be making 700 000 fuel cell stacks a... 

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

GoviEx launches sampling programme to investigate precious metals potential at Falea

By: Marleny Arnoldi     20th October 2020 TSX-V-listed GoviEx Uranium has started a diamond drill core assay programme on the Falea deposit, in Mali. The objective of the sampling programme is to investigate the polymetallic and precious metals potential of the deposit below the uranium-bearing sandstone unconformity.  

40 MW solar power application making good progress ­– Gold Fields  

By: Martin Creamer     20th October 2020 The application for the establishment of a 40 MW solar power plant at the South Deep gold mine in western Gauteng is in process and making good progress, Gold Fields CEO Nick Holland said on Monday. Responding to Mining Weekly during the Johannesburg- and New York-listed company’s virtual... 

Gold Fields ESG-linked Tarkwa-to-Damang mine road opening in Ghana.
Gold Fields ESG presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa is well positioned to export green hydrogen ­– PwC  

By: Martin Creamer     19th October 2020 South Africa is in an extraordinary position to revolutionise its own economy and supply green hydrogen to the world, PwC said on Monday. “The energy transition is and will be biggest global theme this decade,” PwC associate director James Mackay told journalists at a virtual event covered by... 

Jonathan Metcalfe
PwC Hydrogen Report 2020 covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Coal mine disposal exacerbating carbon emissions problem – Glencore  

By: Martin Creamer     16th October 2020 The disposal of thermal coal mines in response to environmental, social and governance (ESG) investors is not lowering carbon dioxide (CO2) emissions but exacerbating the problem, Glencore CEO Ivan Glasenberg pointed out on Friday. Questioned by Financial Times (FT) natural resources editor Neil... 

From left clockwise, Neil Hume, Mark Cutifani and Ivan Glasenberg.
Financial Times Commodities Mining Summit covered by Mining Weekly’s Martin Creamer.

Vares proves up for Adriatic

By: Esmarie Iannucci     16th October 2020 A prefeasibility study (PFS) into the Vares silver project, in Bosnia & Herzegovina, has estimated that the project would require a capital investment of $173-million. LSE- and ASX-listed Adriatic Metals told shareholders this week that the PFS estimated a net present value of $1.04-billion and... 

Vares proves up for Adriatic

Mining committed to doing all it takes to improve worker health – Matlala 

By: Martin Creamer     15th October 2020 Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala on Thursday committed the South African mining industry to doing all it takes to ensure that employee lives are saved and health is improved. Speaking at a global virtual health seminar to reprioritise... 

Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala
Photo by Creamer Media
Minerals Council South Africa VP and Masoyise Health Programme chairperson Zanele Matlala

Jadar finds funding for Texas restart

By: Esmarie Iannucci     15th October 2020 Diversified explorer Jadar Resources has secured a finance facility of up to A$10-million to develop a restart programme at the Texas silver mine, in Queensland. Under a binding term sheet with US-based Mint Capital Advisors, Jadar could elect to draw down funds in consideration for the issue of... 

Gold miner Yamana is admitted to trading on LSE

By: Marleny Arnoldi     13th October 2020 TSX- and NYSE-listed Yamana Gold has started trading on the LSE’s main market on Tuesday. Founder and executive chairperson Peter Marrone said that there were compelling reasons to invest in the Canada-based gold producer.  

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