Underpinning investor confidence are the country’s vast mineral riches.
Silver Mining News
Ivanhoe can now finance Kakula and Kipushi mine to commercial production, and significantly advance, or achieve, production at the company’s Platreef Project in South Africa.
The licenses the miner is acquiring cover historical copper-silver resources in the Kalahari Copper Belt and the Kaoko Belt.
SailingStone Capital, the second largest shareholder in Rio Tinto- controlled Turquoise Hill is expected to vote against the re-election of the Canadian miner’s board members this week.
The company added 4,800 hectares to the mine site by signing a deal with a local prospector and through staking.
The Vancouver-based company says its flagship gold and silver mine in northern Ecuador is 59% complete.
The increase in the indicate category equates to 134 million ounces silver equivalent or 2.0 billion pounds zinc equivalent.
In the same quarter last year the company recorded a loss of $3.6 million.
Foreign and local companies invested about $383 million exploring in Mexico in 2018, down 37.4% from the $612 million injected into the economy in 2017.
2019 BC CFO Awards winner led financing that doubled the company’s silver assets overnight.
The Canadian miner may soon make a decision about returning to long-term production in Chile.
Sampling has returned gold values of 40.6, 57.6 and 96.1 g/t.
Bawdwin will be the world’s No. 3 producing lead mine and the tenth largest silver operation. It’s also set to become a significant zinc producer.
Operating profit fell to 2.05 billion Swedish crowns from 2.72 billion a year earlier, beating the 1.99 billion seen by analysts in a Reuters poll.
Rio has so far drilled 24 holes at the site and will continue extensive drilling in months to come as part of its $250 million exploration program.
Canadian miner will elect 11 nominees of Waterton Global Resource Management, its second largest shareholder, as part of the settlement that ends a long-dragged out battle over control of Hudbay.
The Vancouver-based miner boosted the project to 37,000 hectares and discovered four new veins.
One of the largest gold mining companies in the world has taken a shine to Chakana Copper and its Soledad project in Peru.
Rebeico sits on Mexico’s famed Sierra Madre Gold belt, credited with production of over 80 million ounces of gold and over 4.5 billion ounces of silver.
The Knife Lake property was extensively explored from the late 1960s to the 1990s, with the last documented work program completed in 2001.
SocGen said this month it would cut 1,600 jobs to boost profits after poor performance last year and exit over-the-counter commodities trading.
The Vancouver-based miner said the Nechako Au-Ag-Zn-Pb-As dispersal train is similar in size and strength to known trains from some of Canada's largest gold deposits.
To complete the transaction, the company has to secure C$6 million in financing.
According to the Responsible Mining Foundation, most of the companies assessed show little or no evidence of efforts to strengthen the gender balance of their leadership and governance teams.
Mining has become the sixth most important sector when it comes to exports.