Silver Mining News

IDM Mining to commence resource expansion underground drilling at Red Mountain Gold Project and appoints project and mine managers

IDM Mining Ltd. is pleased to announce that crews have mobilized to its Red Mountain Project near Stewart, B.C. to initiate its spring 2017 phase I underground drilling program.

Galantas Gold soars on news of Irish mine expansion

After acquiring new equipment last year, Galantas is moving mining work underground at Omagh.

Glencore sells two Africa zinc mines to Canada’s Trevali

The $400 million-deal will make of Trevali the first pure zinc company with operations in North and South America as well as Africa.

INTERACTIVE: Top 10 gold mining companies

The 10 largest gold mining companies produce 30% of the world's gold and enjoy some of the sector's fattest margins.

Jack Chan’s weekly gold and silver market update: bear market return?

Technical analyst Jack Chan sets forth data that signals the potential return of a bear market in the precious metals.

Copper supply disruptions push prices up

Disputes at BHP Billiton’s Escondida mine in Chile, the world's biggest copper mine, and Freeport’s Grasberg and Cerro Verde mines, are also having a significant effect on global supplies of concentrate.

John Kaiser at PDAC 2017: “Discovery exploration is back”

John Kaiser also talks Donald Trump and warning signs for speculators

Freeport’s Cerro Verde copper mine in Peru hit by strike

The mine produced just under 500,000 tonnes of the red metal last year, making it Peru's largest copper operation.

Ecuador anticipates $4 billion in mining investments by 2021

The country expects mining investments to increase 360% in the next four years compared to the 2013-2016 period as it has already granted 160 of the 420 explorations licences it put out to tender in July.

13 stunning visualizations of silver put global debt into perspective

Although gold has a bigger reputation today as a monetary metal, it was often deemed too valuable for everyday transactions throughout history.

Canada's Gov't gives mining explorers a full extra year of tax credit

The 15% Mineral Exploration Tax Credit, which was slated to expire at the end of this month, has been extended until March 31, 2018.

Mining industry leaders meet again at PDAC 2017

For the second consecutive year, PDAC will host the International Mines Ministers Summit (IMMS) with 25 countries attending to it.

World's top 10 gold mining companies – 2016

Only three of the world's largest gold producers managed to lift output in 2016 – Barrick loses 600,000 ounces of annual production but slashes costs.

A short history: How bitcoin reached parity with gold

The enigmatic cryptocurrency has steadily climbed in price to take the title of the best-performing currency in both 2015 and 2016

Strike at BHP’s Escondida mine takes toll on Chile’s copper output, GDP

The country’s copper output is predicted to have fallen by 12% last month when compared to February 2016, while GDP dropped 1%.

Gold, silver prices are getting clobbered

Gold suffers its worst trading day of 2017 while silver is down 4.2%.

CAT shares hammered as feds search offices

Federal officials executed a search warrant at three of Caterpillar facilities, including the corporate headquarters in Peoria.

Human activity creates 208 new mineral species

Study shows mining has sparked "unparalleled inorganic compound diversification" like rabbittite at Lucky Strike, Utah and a handful found on smelter walls

Striking miners at BHP’s Escondida block roads, clash with police

Incidents come despite a local judge ruled late Tuesday that a deferred payment from 2016 should go out to workers within 48 hours.

Scientists discover why world’s richest ore deposits were formed

Scientists have discovered why some of the richest ore deposits on the planet, such as copper, zinc, silver and uranium, were formed in the middle period of Earth’s history.

Canada’s Saskatchewan and Manitoba are the world's new top mining destinations

Both provinces displaced Western Australia from the first to the third place thanks partly to their rich mineral reserves, competitive tax regimes, efficient permitting procedures, and certainty surrounding environmental regulations.

Hedge funds up bullish gold price bets most since Trump win

Gold builds on 15-week highs as large-scale derivatives speculators bump exposure to a rising gold price by a fifth, the most bullish move since November 1.

Cupric Canyon gets $50 million to develop Botswana mine

Khoemacau mine will initially produce 50,000 tonnes of copper and 1.4 million ounces of silver a year, but future expansions could increase output to at least 120,000 tonnes of copper annually.

Gold, silver prices at 15-week highs as Trump trade unwinds

Precious metals erase nearly all post-election losses – silver price enjoys longest weekly winning streak in more than a decade.

Pan American Silver boss just gifted $4 million to the Canadian Museum of Nature

The donation by the company's founder Ross Beaty aims to enhance the museum’s national research and collections that are focused on species discovery.