Silver News

Silver mining, investment and price news

Vancouver gold-to-copper miner pops on Horn of Africa results

Frik Els | October 31, 2014
Vancouver gold-to-copper miner pops on Horn of Africa results

Winners were few and far between Friday, but punters couldn't resist Nevsun Resources stock after low-cost high-grade Eritrea mine delivered on all counts.

Precious metals Market report by Alasdair Macleod, GoldMoney, Head of Research

GoldMoney | October 31, 2014

Trading in precious metals was quiet until Wednesday morning, when prices began to soften.

Rio Tinto braces for $2.5bn Oyu Tolgoi writedown

Cecilia Jamasmie | October 31, 2014
Rio Tinto braces for $2.5bn Oyu Tolgoi writedown: report

According to The Times, Rio flagged the possibility of a writedown in August.

BHP’s Olympic dam expansion off agenda until prices improve

Cecilia Jamasmie | October 31, 2014
BHP’s Olympic dam expansion off agenda until prices improve

The miner blamed low metals prices and productivity inefficiencies for the decision.

Bears are ripping precious metals apart

Frik Els | October 30, 2014
Bears are ripping precious metals apart

Gold price below $1,200, silver falls to 56-month low.

Goldcorp takes $36 million writedown on Mexican mine

Cecilia Jamasmie | October 30, 2014
Goldcorp takes $36 million writedown on Mexican mine

Value of low-grade ore stockpile at the Peñasquito mine dropped, raising average costs by $64/oz. and negatively affecting adjusted earnings by $0.04/share.

Barrick boosts ties with China, names Woo Lee as regional leader

Cecilia Jamasmie | October 30, 2014
Barrick boosts ties with China, names Woo Lee as regional leader

Woo served as a U.S. State Department representative in Asia for about 15 years with postings in countries including China, Japan and Australia.

Why gold and silver are the good news metals

MoneyMetals.com | October 29, 2014

Analysts and some precious metals’ sellers tend to focus on the “insurance” aspect of owning precious metals. They point out that having some in your possession helps protect your wealth in case of inflation, political unrest, or for use as an “alternate currency” during a natural disaster, war, etc.

INFOGRAPHIC: a history of notable stock bubbles

Visual Capitalist | October 29, 2014
Soap bubbles on blue sky

Asset bubbles go as far back as finance and speculation themselves. In the past, there have been bubbles in everything from tulips to railroads that have made or broke fortunes.

Space miner loses first satellite in rocket explosion

Cecilia Jamasmie | October 29, 2014
Space miner loses first satellite on rocket explosion

The affected company is Planetary Resources, the U.S.-based start-up aiming to mine asteroids.

Chile passes historic law to aid copper giant Codelco

Cecilia Jamasmie | October 29, 2014
Chile passes historic law to aid copper giant Codelco

It grants the world's No.1 copper miner an injection of US$4 billion for the next four years.

The end of QE and the price of gold

Bob Kirtley - Gold-Prices.biz | October 28, 2014

The programme known as Quantitative Easing is due to be halted at the end of October, coinciding with the next meeting of the Federal Open Market Committee which is scheduled for 28/29 October 2014.

Russia pushes forward plans to mine the moon

Cecilia Jamasmie | October 28, 2014
Russia is seriously advancing plans to mine the moon

The country's ultimate purpose is to extract rare earth elements, breaking China's dominance and pushing prices down.

Vancouver junior surges after Nevada gold, silver intercepts

Frik Els | October 28, 2014
Vancouver junior surges after Nevada gold, silver intercepts

Corvus Gold announces most significant drill results in terms of grading and width at 100%-owned North Bullfrog project 200km northwest of Las Vegas.

David Harquil on the gold streaming model and raising capital for miners

Sprott Thoughts | October 27, 2014
China Gold International Resources completes issuance of US$500 mln corporate bond

David Harquail joined well-known investors ‘Lucky’ Pierre Lassonde and Seymour Schulich in 1987, when Franco-Nevada was just getting its legs. He’s been with the company ever since, currently serving as CEO.

INFOGRAPHIC: The basics – creating a stock portfolio

Visual Capitalist | October 27, 2014

With a well-rounded portfolio, it makes it easier to sail through turbulence in the market and come out on top.

Mining CEO calls on fellow miners to halt physical silver sales to end the paper manipulation

Gold Stock Bull | October 27, 2014
shutter_money_600

I have always been in favor of mining companies holding back the sale of a portion of their metals when prices dip. Furthermore, they should hold reserves beyond the amount needed to run daily operations in gold and silver, not fiat cash.

BHP to sell US shale assets, limit annual capex to $14 billion

Cecilia Jamasmie | October 27, 2014
BHP to sell US shale assets, limit annual capex to $14 billion

The world’s biggest miner unveiled details about how it expects to meet cost-reduction and productivity improvement targets.

Paramount Gold and Silver substantially expands San Francisco bulk tonnage potential

Marketwired | October 26, 2014
mexico map flag mining

Paramount Gold and Silver Corp. announced Oct. 21 that new drilling at its 100%-owned San Miguel Project in northern Mexico is likely expanding the bulk minable resource in the San Francisco deposit.

Precious metals subdues as panic over

GoldMoney | October 24, 2014
Don't Panic!

For gold and silver it has been a week of two halves: first prices rallied to a peak on Tuesday, then declined to show net losses for the week on Wednesday for silver and Thursday for gold.

Asian gold demand up as India’s Diwali boost sales

Cecilia Jamasmie | October 23, 2014
Asian gold demand up as India’s Diwali boost sales

The World Gold Council predicts that India will import 850 to 950 tonnes of gold this year.

Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

Cecilia Jamasmie | October 23, 2014
Rio’s Walsh gets big backing from shareholders, to stay longer as CEO

The move is seen by analysts as an attempt to strengthen the firm’s image.

Worldwide nonferrous metals exploration budgets down 25% in 2014

SNL Metals & Mining | October 22, 2014
exploration mining geologist

Total worldwide budget for nonferrous metals exploration dropped to US$11.36 billion in 2014 from US$15.19 billion in 2013 — a 25% decrease.

INFOGRAPHIC: Here is why you should buy $100 worth of gold and silver

MoneyMetals.com | October 22, 2014
INFOGRAPHIC: Here is why you should buy $100 worth of gold and silver

Most people have the sense that the dollar isn’t worth what it used to be, but they may not grasp what this means in real terms.

BHP shoots the lights out

Frik Els | October 21, 2014
BHP shoots the lights out

Petroleum, met coal, iron ore production set new quarterly records. Fall in copper volumes not enough to dent 9% overall output growth.

Citibank acquires Deutsche commodities trading book

Cecilia Jamasmie | October 21, 2014
Citibank acquires Deutsche commodities trading book

Tough regulations and worries about reputation have made trading commodities a source of worries for bank bosses.

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