Silver News

Silver mining, investment and price news

Large investors, retail buyers abandon gold market

Frik Els | September 29, 2014
Large investors, retail buyers abandon gold market

Holdings in gold-backed ETFs fall to five-year low while hedge funds cut bullish bets on the gold price 20% to lowest since January.

$1200 for gold underpinned by physical demand

GoldMoney | September 28, 2014

This week saw gold rally $15 to $1233 on Tuesday before sliding to $1207 yesterday morning, then rallying in the afternoon.

Major stock selloff looms 2

Adam Hamilton - Zeal Intelligence | September 26, 2014

Since early 2013 the US stock markets have done nothing but rally, levitating thanks to the Fed’s oft-implied backstop.

Miners ordered to hand back land to natives in Colombia

Cecilia Jamasmie | September 26, 2014
Miners ordered to hand back land to natives in Colombia

The ruling, which affects 11 gold mining companies, is the first of its kind in the South American nation.

Peru tames a $2 Billion rogue industry

Resource News Report | September 26, 2014

Peru’s Central Government has sent thousands of troops into the jungles of Madre de Dios to confiscate and destroy illegal mining equipment. With unregulated, untaxed gold mining operations estimated at $2 billion a year in Peru, the stakes are high.

Gold smuggling into India hits new record highs

Cecilia Jamasmie | September 26, 2014
Gold smuggling into India hits new record highs

About 50 tonnes of the precious metal reportedly made it into the country only in the past 10 days.

INFOGRAPHIC: A year's extraction of metal shown next to landmarks and cities

Visual Capitalist | September 25, 2014
A years extraction InfoGraphic Penn2

For thousands of years of development as a species, humans never really needed to understand the real meaning behind big, unreachable numbers such as billions or trillions.

BHP freezes executive pay

Frik Els | September 25, 2014
BHP Billiton cuts spending by 25%

CEO Andrew Mackenzie's pay package is already only half that of his predecessor.

Chile sees $105bn mining investment in next decade

Cecilia Jamasmie | September 25, 2014
Chile sees $105bn mining investment in next decade

The massive figure includes a recently announced $23.5 billion for state-owned copper miner Codelco to revamp century-old mines that are running out of profitable ore.

CHART: BHP before and after spin-off

Frik Els | September 25, 2014
CHART: BHP before and after spin-off

Bubble chart shows heavy reliance on iron ore and oil for revenues and profits post demerger.

Low metal prices put chill on global mineral exploration

Cecilia Jamasmie | September 24, 2014
Low metal prices put chill on global mineral exploration

Fresh data suggests it is still too early to celebrate a recovery in the sector.

Gold up on Syria bombing, weaker dollar

Cecilia Jamasmie | September 23, 2014
Gold up on Syria bombing, weaker dollar

Experts don't expect gains to last for long.

Sneaking it anyway: When it`s taboo to buy gold in India

Mineweb | September 23, 2014

Pitru Paksha is upon us, a time when it is considered bad form to make deals of any sort. But times are changing.

New toxic spill reported at Mexican copper mine

Cecilia Jamasmie | September 22, 2014
New toxic spill reported at Mexican copper mine

So far Grupo Mexico has been charged with more than $3 million in fines, and could face more.

Thousands of workers begin strike at world’s biggest copper mine

Cecilia Jamasmie | September 22, 2014
Thousands of workers begin strike at world’s biggest copper mine

Close to 2,800 miners at Chile's Escondida mine, jointly owned by BHP Billiton and Rio Tinto, did not show up for work Monday morning, iddling a 1.2 million tonnes a year operation.

I was early but I’m still buying: Frank Giustra

Sprott Group | September 19, 2014
frank_giustra_cambridge_house_ceo_ca

A few weeks ago, we heard from Pierre Lassonde of Franco-Nevada on the power of the royalty business model. Just recently, I spoke with another ‘superstar’ of the natural resource industry — Frank Giustra.

Toronto investors: 8 reasons to attend #Canvest14

CEO.CA | September 19, 2014

Next week, CEOs, financiers and investors will gather for two days of sharing ideas and networking opportunities.

Fortune Minerals receives US$ 4 million bridge loan installment toward Lascaux Production pre-pay facility to fund Revenue Silver Mine acquisition

Fortune Minerals Limited | September 18, 2014

Fortune Minerals Limited announces receipt of the previously announced US$4 million bridge loan that is part of the production pre-pay facility from Lascaux Resource Capital Fund 1 LP.

Visual Capitalist

INFOGRAPHIC: Uncle Sam's accounting is suspect

Visual Capitalist | September 18, 2014
Gold for cash

For some time now, the Government of the United States has been effectively checking through their couch for loose change. Anything helps, even if the debt owed is a staggering $17 trillion.

Further significant channel sampling results at New Departure Silver Mine, Montana

Black Mountain Resources Limited | September 18, 2014

Second round sampling results surpass expectations with Ag 90 oz/t (2,550 g/t) plus over 0.5-2m channels .

Eric Sprott: get your money ‘out of banks and into something tangible’

Sprott Group | September 18, 2014
Gold ETF buying strongest since November 2012

In a recent call with Eric Sprott, founder of Sprott Inc., he said he was still buying physical gold -and planned to keep buying it for as long as he could.

Eric Coffin: can investors still find tenbaggers?

The Gold Report | September 17, 2014
30 years after Hunt bros, scramble to take over London silver fix

Coffin believes that in the short term a price of $1,200/oz is possible, though there is room now for an oversold bounce.

Mariana Resources secures up to US$6 million investment to fund growth of South American exploration portfolio over the next 12 months

Mariana Resources Ltd. | September 17, 2014

Mariana Resources Ltd is an AIM quoted exploration and development company with an extensive portfolio of gold, silver and copper projects in South America.

Jeff Desjardins and James Fraser look at junior miners in a way that may surprise you

The Mining Report | September 16, 2014
investigation 333

It's never too late to find a new way to evaluate mining companies and Jeff Desjardins, and James Fraser of Tickerscores.com have developed one based on over 20 different criteria.

Escondida surprise lights fire under copper price

Frik Els | September 16, 2014
Escondida surprise lights fire under copper price

News of labour action at world's largest copper mine sends red metal 2.6% higher.

Turquoise Hill tax break revives Oyu Tolgoi expansion

Frik Els | September 16, 2014
Turquoise Hill tax break revives Oyu Tolgoi expansion

Work on feasibility study for $6bn underground expansion of massive Mongolian copper-gold mine can resume after confirmation tax dispute is settled for $100m less.

More »