Silver Mining News

Luxembourg shoots for the stars with fresh space mining deal

The country's ultimate objective is to have its own space mining agency by the end of the year.

BHP $2.5bn expansion of Spence copper mine in Chile approved

Company will make a decision on the plan in August.

Peru hit by nationwide mining strike; govt says situation ‘under control’

The indefinite labour action involves 56 unions, which are protesting a government’s proposed reform they see as "anti-workers".

Clean energy transition to increase demand for minerals — World Bank

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

Rio Tinto axes iron ore export forecast for the year

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.

Leagold Q2 production news

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.

New project results provide expert knowledge about Kootenay-Boundary mineral potential

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

Glencore mulls spinning off mining royalties into new company

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.

Steady progress pushes Canadian explorer to dig deeper and expand in Mexico

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.

Luxembourg becomes first European country to pass space mining law

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

These charts will give silver price bulls hope

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.

Pebble mine a step closer to reality as EPA to withdraw restrictions

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.

Rio Tinto in search of the next Escondida mine in Chile

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.

Eldorado finishes Integra Gold acquisition, expands operations in Canada

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.

Ross Beaty awarded Order of Canada

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

Private capital says no to mining

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.

Tahoe Resources forced to halt Escobal mine in Guatemala

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.

Former Glencore traders launch concentrates trading platform

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

Goldcorp makes headway with plan to give Dome mine a new life

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

Egypt awards gold mining tender to four companies

Two of them are foreign firms.

U.S. Mint's 1st-half sales of American Eagle gold coins weakest since 2007

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.

Output at world’s largest copper mine sank by 63% in Q1

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.

Mandalay Resources declares force majeure at flooded Chilean mine

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

Canada’s Gabriel Resources sues Romania for $4.4bn over halted mine

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.

Teck Resources grabs Goldcorp’s stake in Mexican project for $50 million

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