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Silver News Digest
Friday 21 July 2017
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The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".

It also revised down its expected share of hard coking coal for the year to between 7.2 to 7.8 million tonnes from 7.8 to 8.4 million tonnes.

The spin-off business would go after royalty agreements in copper, zinc, nickel and cobalt, worth more than $300 million, while looking to attract a strategic partner to fund further deals.

The bill, approved by a vast majority, defines the conditions companies must fulfill to get a licence for launching a space mining mission.

Despite hedge funds' bearish bets, silver price's 14-year uptrend is very much intact and investors continue to pour money into silver-backed ETFs.

The agency has proposed revoking its 2014 determination banning any large-scale mine in the area where Pebble would be built on the grounds it would damage the region’s key salmon industry.

The so-called Palmani project aims to discover and characterize the mining potential of an area located in Chile's extreme north, at about at 2,100 metres of altitude.

Deal gives Eldorado full ownership of the Lamaque project near Val-d'Or, Quebec, which is expected to produce 123,000 ounces of gold at all-in sustaining costs of US$634 per ounce over 10 years.

Mining magnate and philanthropist Ross Beaty joins other prominent Canadians in being among those awarded membership in the 2017 Order of Canada.

Study shows Q2 2017 new private capital for natural resources investment dropped to lowest since 2011 and not a single mining fund were able to raise money.

The Canadian miner said it will take “all legal steps possible” after the country’s Supreme Court suspended the mining licence for its flagship Escobal silver mine.

The online marketplace, named Open Mineral, will let miners put up tenders for their concentrate directly to end-users.

The company may be able to begin developing the potential open-pit Century project in Ontario by 2023.

Escondida, majority owned and operated by BHP, produced 97,103 tonnes of copper between January and March, down from 265,597 tonnes a year earlier.

The firms said it's also initiating consultations with its unions about the potential impacts on employees during this period of suspended production.

The company argues the Central European country violated several investment treaty provisions in its claim to the bank’s International Centre for Settlement of Investment Disputes.

After acquiring Goldcorp's 21% in San Nicolás, Canada's largest diversified miner will be the Zacatecas-based copper-zinc project sole owner.

It now expects to produce at least 180,000-210,000 ounces of gold this year at Kışladağ, which brings Eldorado's full-year guidance down from 365,000-400,000 ounces to 315,000-365,000 ounces.

Both authorities and the Canadian miner company have officially ruled out possibility of finding them alive.

Having climbed almost 64% since the start of the year, investor sentiment towards SolGold appears to be quite positive.

Chances of finding the missing workers alive are almost nil, they say.

Big winners will be aluminum, copper, lead, lithium, manganese, nickel, silver, steel, and zinc and rare earth minerals such as indium, molybdenum, and neodymium.

Leagold Mining Corporation announces Q2 2017 gold production at the Los Filos Mine of 46,098 oz, which includes 43,980 oz from April 8, 2017 to June 30, 2017.

Two of them are foreign firms.

U.S. Mint American Eagle gold coin sales in the first half of 2017 were the lowest for this period in a decade, while sales of silver in the period were the weakest since 2008, government data showed on Friday.

New paper interprets low-angle faulting near the world-class Sullivan zinc, lead and silver deposit.

An updated resource estimate and PEA in Q3/17 by a large exploration company will include plans for expansion after steady progress and a recent high-grade discovery at its Mexico project.

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