Silver News

Silver mining, investment and price news

Copper hits 4-year low in New York

Cecilia Jamasmie | November 28, 2014
Copper hits 4-year low in New York

End of strike at Peru’s biggest copper mine and weaker oil prices drove Dr. Copper goes to the ICU.

Rio Tinto cuts spending, defers capex, keeps dividend

Cecilia Jamasmie | November 28, 2014
Rio Tinto cuts spending, defers capex, keeps dividend

The mining giant said it was committed to giving significantly more money back to shareholders in 2015 despite a severe drop in iron ore prices.

Deep-sea miner Nautilus to get $113m of escrowed funds

Cecilia Jamasmie | November 28, 2014
Deep-sea miner Nautilus to get $113m of escrowed funds

The sum will be given on the completion of the sale of 15% of its Solwara 1 project to an entity nominated by Papua New Guinea.

Chile’s mining sector to double energy demand by 2025

Cecilia Jamasmie | November 27, 2014
Chile’s mining sector to double energy demand by 2025

These are not very good news for the energy-starved copper producing nation.

Mariana Resources down after dumping copper-gold project in Peru

Cecilia Jamasmie | November 27, 2014
Mariana Resources down after dumping copper-gold project in Peru

Company say it would focus on core projects.

Visual Capitalist

INFOGRAPHIC: the performance of every major asset class so far in 2014

Visual Capitalist | November 27, 2014
Working graphs calculator mining

This all encompassing chart, straight from Deutsche Bank, summarizes the YTD performance of all major asset classes including stocks, government and corporate bonds, currency markets, gold, and commodities.

Mining equipment suppliers caught in vicious spiral

Frik Els | November 26, 2014
Mercedes Benz lifts dump truck 333

Already clobbered by the mining sector's woes, the crude oil slump could't come at a worse time for the resources equipment and services industry.

Analyst: Glasenberg could grab Rio by way of China

Frik Els | November 26, 2014
Analyst: Glasenberg could grab Rio by way of China

By promising top shareholder Chinalco, Rio's stakes in Oyu Tolgoi and Simandou.

Harry Dent's simple strategy for surviving withdrawals from 'markets on crack'

The Gold Report | November 26, 2014
Wall street sign mining

An aging world is a deflationary one, according to "The Demographic Cliff" author Harry Dent. He predicts a major, painful crash in the next two years based on population statistics and historic patterns.

So bad it's good: surviving 2014

The Gold Report | November 25, 2014
businessman hands mining

While some thought 2014 was so bad it was good—for contrarian investors—others will be all too happy to see the year in the rearview mirror.

Canadian Government releases updated CSR strategy: key developments

Fasken Martineau | November 25, 2014

The updated CSR Strategy reflects the Canadian government’s continued commitment to CSR, particularly in the extractive sector.

Glencore-Rio merger will happen hedge funds told

Frik Els | November 25, 2014
finance_businessman_london_newspaper_bowler_hat

Ian Hannam, the once and future king of mining M&A, is swinging for the fences with his new boutique advisory firm reports Bloomberg.

Hedge funds catching up to gold, silver price rally

Frik Els | November 24, 2014
Hedge funds catching up to gold, silver price rally

Large investors in gold futures increase bullish bets 55% for the week, while silver speculators move out of net short position.

Frank Holmes - U.S. Global Investors

Solar energy powers silver demand to record high

solar_panels_green_energy

For the first time, in fact, silver demand in the fabrication of solar panels is set to outpace photography, if it hasn’t already done so.

More than a dozen short-term repairs, plans await Mount Polley remediation: report

Business in Vancouver | November 24, 2014
Canada’s Mount Polley disaster: experts warned tailings pond 'getting large'

A tailings berm breached during the Mount Polley mine disaster has yet to be repaired to the point it can withstand the arrival of water…….

Travis McPherson - CEO.ca

Friedland-backed Kaizen reports “spectacular” copper grades in Canadian tundra

Travis McPherson - CEO.ca | November 24, 2014

Mining legend Robert Friedland and his protege Matthew Hornor’s Kaizen Discovery (KZD:TSXV) continues to be one of the few extremely active junior resource companies. This morning Kaizen announced the sale of a non-core project and the preliminary exploration results from their newly acquired Coppermine project in Nunavut, Canada.

Mining proposals threaten Cabinet Mountains streams, lakes and grizzlies

Spokesman-Review.com | November 23, 2014

The Kootenai National Forest and the Montana Department of Environmental Quality are preparing to release decisions on a proposal for the Montanore Mine near Libby plus a separate decision on the Rock Creek Mine near Noxon.

Continental Gold continues to beat the odds in Colombia

Kitco | November 23, 2014

Toronto-based explorer Continental Gold is stepping closer to developing a commercial-scale underground gold-silver mine in northwestern Colombia , with at least one analyst cheering on the progress.

Vancouver miner faces civil suit alleging 'slave labour' amid takeover rumours

Business in Vancouver | November 21, 2014
Bisha project Nevsun Resources Eritrea

Nevsun Resources faces rumours of $1 billion acquisition and civil suit on same day.

Junior gold miners (GDXJ) breaking three month downtrend?

Junior Gold Miners facing shakeout?

CHART: Gold-silver ratio nears bullish breakout

Frik Els | November 20, 2014
CHART: Gold-silver ratio nears bullish breakout

Declining ratio sets up rally for both precious metals.

Goldcorp to open Argentina’s Cerro Negro gold, silver mine in February

Cecilia Jamasmie | November 20, 2014
Goldcorp to open Argentina’s Cerro Negro gold, silver mine in February

The mine is expected to produce 4,000 tons/day of gold and silver concentrate during its 23 years of life.

U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

Cecilia Jamasmie | November 20, 2014
U.S. Senate reveals top banks ‘unfair advantage’ in physical commodities business

The two-year investigation concluded that Goldman Sachs, Morgan Stanley and JP Morgan have been manipulating commodity prices.

Gold is tumbling

Michael Allan McCrae | November 19, 2014
gold price drops

A $15 drop.

Peru blows up machines to scare away illegal gold miners

Cecilia Jamasmie | November 19, 2014
Peru blows up machines to scare away illegal gold miners

Just weeks before the country hosts U.N.-sponsored climate talks.

Parent company liability for foreign subsidiary’s actions – alarming new trend?

A recent lawsuit in British Columbia is the latest example of an emerging trend in which plaintiffs are seeking to hold parent companies liable in negligence in relation to the actions of their foreign subsidiaries.

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