Silver News

Silver mining, investment and price news

BHP axing up to 300 Olympic Dam jobs

Cecilia Jamasmie | January 30, 2015
BHP axing up to 300 Olympic Dam jobs

The decision caps off a dreadful month for South Australia’s mining sector.

Gwen Preston - Resource Maven

Roundup takeaway 1: outsmart tough odds

Gwen Preston - Resource Maven | January 31, 2015
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It’s a common stat in the sector: only 1 in 1,000 discoveries becomes a mine. But David Harquail, president and CEO of Franco-Nevada, takes that sobering fact one step farther.

Consensus forecast 2015 gold price average: DOWN

Frik Els | January 29, 2015
Consensus forecast 2015 gold price average: down again

Of 35 analysts polled by the London Bullion Market Association Ross Norman of Sharps Pixley is most bullish at $1,321, but 5 others see a dip below $1,000.

Here is how metal-eating bacteria may make asteroid mining profitable

Cecilia Jamasmie | January 29, 2015
Here is why metal-eating bacteria may make asteroid mining profitable

The technique, known as biomining, is already being tested here on Earth as a sustainable treatment of ores and mine waste.

Michael Fowler says forget the majors, buy the midtiers

The Gold Report | January 29, 2015
Canadian juniors delisting

According to Michael Fowler, senior mining analyst with Loewen, Ondaatje & McCutcheon, the major gold producers have gorged on debt and sold off their seed corn.

MMG to begin pre-extraction at Las Bambas despite copper rout

Cecilia Jamasmie | January 29, 2015
MMG to begin pre-extraction at Las Bambas despite copper rout

The firm expects production at Ferrobamba, one of the four deposits that make up Las Bambas project, to start early next year.

Mining M&A: Private equity can't run away fast enough

Frik Els | January 29, 2015
Mining M&A: Private equity can't run away fast enough

The smart money is waiting for fire sale prices before jumping into metals and mining. Or worse; has simply lost interest in the sector.

Yukon Zinc temporarily closing Wolverine Mine

Michael Allan McCrae | January 27, 2015
Mining in 2015: Zinc price with zing

Some crew will be assigned to care and maintenance.

Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Cecilia Jamasmie | January 26, 2015
Rio Tinto to drop Oyu Tolgoi $1.6bn royalty if expansion gets ok from Mongolia

Documents obtained and verified by The Australian, show that Rio Tinto offered Mongolia to forsake a “net smelter return” of 2% cent of the project’s revenue.

Hedge funds raise bullish gold bets to 2-year high

Frik Els | January 26, 2015
Hedge funds raise bullish gold bets to 2-year high

According to futures trading data hedge funds have amassed the largest bullish position since December 2012 when gold was trading above $1,700 an ounce.

Heiko Ihle: back to precious metals equity investing basics

The Gold Report | January 26, 2015
Gold_silver_400

Investing in mining equities can get rather complicated but Heiko Ihle, managing director at H.C. Wainwright & Co., says precious metals equity investors need to focus on just three criteria: jurisdiction, management and asset viability.

Kosovo miners return from underground, ending 3-day strike

Andrew Topf | January 26, 2015
kosovo

Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of the Trepca mining complex.

Gold off to a good New Year start

Gold-Eagle.com | January 25, 2015

Gold started the new year on a happy note. It jumped up to a five month high…and it’s near a key moving average as some safe haven buying began.

Mining stocks fall as copper, iron ore price reach new lows

Frik Els | January 24, 2015
Mining stocks fall as copper, iron ore price reach new lows

Heavy selling across the board as commodities reach fresh multi-year lows, forecasts are slashed and weakness returns to precious metals.

World Bank: Commodities falling like it's 1985

Frik Els | January 23, 2015
World Bank: Commodities falling like it's 1985

Organization predicts a rare occurrence in 2015: a decline in all nine commodity indices with industrial metals falling another 5%; precious metals down 3%.

Peruvian rare earth discovery richer than initially thought

Cecilia Jamasmie | January 22, 2015
Peruvian rare earth discovery richer than initially thought

Geology consultants leading the project found the rare earth claim has the highest range of rare earth metals in Peru.

Colombian gold CEO involved in $970m laundering case arrested

Cecilia Jamasmie | January 22, 2015
Colombian gold CEO involved in $970m laundering case arrested

Prosecutors claim the gold company and its top executives are at the centre of a money-laundering scheme involving cocaine traffickers.

Fortuna Silver slumps 9% despite impressive drilling in Mexico

Frik Els | January 21, 2015
Fortuna Silver slumps 9% despite impressive drilling in Mexico

Analyst downgrade sinks shares of Vancouver-based owner of fast-expanding polymetallic mines in Peru and Mexico.

Gabriel Resources says Romania holding gold project 'hostage'

Cecilia Jamasmie | January 21, 2015
Gabriel Resources says Romania holding gold project 'hostage'

The company has been trying for 15 years to get a permit for Rosia Montana, poised to be Europe's biggest gold mine.

Global mining sector ended 2014 on a disappointing note: report

Cecilia Jamasmie | January 21, 2015
Global mining sector ended 2014 on a disappointing note: report

December is a period that sees lower levels of exploration and resource announcements, and last month was every bit as disappointing as expected, an SNL report shows.

China’s alleged intentions to mine Antarctica spark global debate

Cecilia Jamasmie | January 21, 2015
China’s alleged intentions to mine Antarctica spark global debate

New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.

Which commodity horses will be up and which down on Joe Reagor's merry-go-round?

The Mining Report | January 20, 2015
man-watching-stock-market-screen-333

Metals are like horses in a merry-go-round, believes Joe Reagor of ROTH Capital—as some rise, others fall.

Tahoe’s Escobal silver mine output at high end of 2014 expectations

Cecilia Jamasmie | January 20, 2015
Tahoe’s Escobal silver mine output at high end of 2014 expectations

The mine generated 20.3 million ounces (moz) of silver contained in concentrates recovered from 1.246 million tonnes of ore at an average grade of 585 grams per tonne (gpt).

Most money pumped into gold ETFs since October 2012

Frik Els | January 19, 2015
Most money pumped into gold ETFs since October 2012

Spooked by Swiss bombshell investors snap up more than 23 tonnes in just two days.

Turquoise Hill output at higher end of target

Frik Els | January 19, 2015
Turquoise Hill output at higher end of target

Higher grades boost fourth quarter production despite concentrator fire at Oyu Tolgoi in Mongolia.

Eric Coffin: is market sentiment shifting to gold?

The Gold Report | January 19, 2015
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So where do investors go looking for returns? Eric Coffin suggests gold, both bullion and stocks.

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