Silver Mining News

Mick Davies' X2 Resources fails to deliver, frees investors from commitments

Launched three years ago with a $5.6bn war chest, the fund once hailed as leader of a new wave of mining investment changes course.

Zijin, Shandong go after Barrick Gold’s Veladero mine in Argentina

The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.

Caterpillar axes sales forecast, warns factors depressing orders could linger

While quarterly earnings beat analysts expectations, revenue fell short of estimates and CAT also lowered its full-year guidance.

Protest ends at MMG’s Las Bambas copper mine in Peru, exports to resume

The process of restoring calm in local communities and the re-opening of essential infrastructure is now underway, said the miner Monday.

Caterpillar rally hindered by fresh drop in sales

The world’s largest heavy machinery maker has logged a 18% drop in global sales of machinery for the three-month period ended in September.

Mining robots key to colonizing Mars — Elon Musk

He envisions people living in big glass-carbon fiber domes on the surface, with additional areas mined out below the surface by robots for "industrial" uses.

Mexico's mining sector to reach $17.8bn by 2020 on the back of silver, zinc prices

The country's sector, dominated by precious metals and zinc, will be well-positioned for the expected price outperformance of these commodities, shows new report.

Tires are a top five cost for a miner

KalTire Canada's VP of Operations talks about company's innovations when it comes to monitoring, changing and recycling tires.

Pistol Bay becomes dominant landholder in the Confederation Lake Greenstone Belt

The Canadian junior announced the acquisition of all properties and deposits from AurCrest Gold and Glencore.

Argentinian province to launch mining referendum

A moratorium in place since 2003 bans open-pit mining and the use of cyanide for metal recovery.

MiningWatch to launch court action for Mount Polley disaster

MiningWatch plans to file a private prosecution against Mount Polley Mining Corporation and the B.C. government.

This gold mine was shut during WWII. Now is operating again

Soledad Mountain Project's gold and silver production is projected to average 74,000 oz and 781,000 oz respectively per year.

Yamana Gold set to spin off Brazilian unit as separate public company

The miner plans using proceeds from the exercise of the purchase rights and any direct sales of Brio shares to reduce debt.

IDM Mining's game plan: build a small mine to fund expansion

"We like small. Small is good."

Peruvian farmer who died in protest against MMG’s Las Bambas mine was shot to death — Gov’t

He is the first person to die in clashes over mining under new President Pedro Pablo Kuczynski.

Caterpillar CEO Oberhelman to step down in March

Jim Umpleby, group president for energy and transportation, will succeed Oberhelman as chief executive.

Jack Chan: This past week in gold and silver

Technical analyst Jack Chan charts the latest moves in gold and silver markets, noting COT data is showing signs of a bottom.

World’s two largest gold producers disagree on mine value

Newmont is interested in buying Barrick Gold’s half of the Kalgoorlie Super Pit "at the right price."

CEO Gary Goldberg dishes on Newmont Mining's aggressive investment program

"I'm a mining engineer so I always like to see the equipment. That's always fun to get out and see, and especially how technology is being applied."

Price of gold to head sideways this fall: Casey

There are benefits.

Anglo Asian shares dive after reporting gold output drop in Azerbaijan

The company produced 49,874 ounces of gold in the nine months to September, or 7.8% less than in the same quarter last year. It also cut its 2016 production target.

McEwen Mining reports Q3 production, Mexico exploration drill results

Total production for Q3 was 36,496 gold equivalent ounces using gold to silver ratio of 75:1.

Gold rises after Fed announcement

Spot gold was up 0.2% at $1,255.42 an ounce.

Fresnillo’s output up but San Julian plant to be commissioned later than expected

Shares in the Mexico-focused precious metal producer dropped as much as 2.4% to 1608 pence in London after the news.

Scotiabank pushed to reveal internal emails in gold fixing case

All involved banks will also have to produce all relevant chat room instant messages and any other written communication they exchanged, whatever the media.