Silver Mining News

More than 10 firms in the running for Codelco's lithium assets — chairman

The state miner is seeking private-sector partners to develop and exploit its vast Maricunga and Pedernales deposits in the north of Chile.

Top paid positions at Canadian mines

General managers average $212,790 per year at Canadian mines

Major with cohort of Mexican mines is on track to achieve 2017 production guidance

BMO Capital Markets reviewed this silver and gold miner's Q3/17 production results.

All of the world’s money and markets in one visualization (New!)

We've re-made our most famous infographic of all-time to show you all of the world's money and markets in one giant data visualization!

Freeport says Grasberg stake to fall to 29% – shares dumped

Investors ignore positive third quarter results to focus on lack of meaningful progress in talks with Indonesia over future of giant Grasberg mine.

Poland's KGHM chief sees high copper prices boosting earnings this year

"I think that the third-quarter results will confirm that the full-year EBITDA will be higher than last year," says KGHM CEO Radoslaw Domagalski-Labedzki

Brazil congressional committees vote on reforms helping small miners

While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less.

Chart of the day – Nasdaq, QE and 0% interest rates

Look at what the Nasdaq bubble did in 1999-2000 with no QE and interest rates around 5%.

Shares in Quebec junior surge on Michigan reserves update

Highland Copper jumps 18% after announcing a 46% increase in resources at its Copperwood copper and silver project in Michigan's Upper Peninsula.

Southern Copper to resume Tia Maria project in Peru as permit imminent

Peruvian government is expected to issue a long-awaited construction permit for the mine in the first quarter of 2018.

Ross Beaty: Internal growth is driving production at Pan American Silver

Chairman Ross Beaty talks about Pan American Silver’s growth prospects as well as his other company, Alterra Power Corp.

Trio of firm's mines log strong performance in Q3/17

Hecla Mining Co.'s Q3 production of silver, lead and zinc exceeded BMO's expectations, whereas that of gold reached the anticipated level.

First Majestic Silver output climbs

The Mexico-focused miner produced 4 million ounces of silver in the third quarter of 2017 from its six operating silver mines.

Investors pile into Peru’s $2 billion Michiquillay copper project

Companies have until Nov. 2 to sign up for the auction and the winner will be announced on Dec. 20

Mitsui to build desalination plant for BHP’s Spence copper mine in Chile

The project will be the Japanese company’s first desalination plant and it is estimated to require an investment of around $623 million (70 billion Yen).

Millions of dollars in gold end up in Switzerland’s sewers every year

Researchers estimate that roughly 43 kg of gold — worth about $1.8 million at current prices — and 3,000 kg of silver (worth nearly $1.7 million) were flushed away last year.

About a third of global concentrates now registered to trade on this new exchange

Open Mineral Exchange has managed to attract mining companies and smelters wanting to cut out the middlemen and save cash on deals for concentrates.

LME to expand trading around gold and silver reference prices

The LME expects three more clearing members to join its precious metals contracts by year-end.

Key permit granted to McEwen’s Gold Bar project in Nevada

Company expects the full permitting process to be completed by December.

Move over gold, diamonds may become one of the greatest safe-havens

The Singapore Diamond Investment Exchange (SDIX) has launched a new investment-grade, standardized diamond product to rival gold as a safe-haven asset.

Tensions between the U.S. and North Korea drive gold prices up

Gold prices finished higher last Friday and followed the upward trend on Monday, with December gold GCZ7, +0.67% rising to $1,283 an ounce.

Emmanuel Macron’s new wealth tax to be imposed on expensive jewellery

A September proposal to replace the tax on high-end assets with just a real estate tax was met with public uproar.

McEwen Mining completes purchase of Black Fox complex

The transaction closed today and included the Black Fox underground gold mine, stock mill, workforce, and nearby Grey Fox and Froome development projects.

Barrick to pay $20 million to settle Pascua-Lama arbitration case

Lawsuit was filed last year after the miner halted payments due to a local group.

Mexico's mining sector to reach $17.8bn by 2020 on zinc prices, strong pipeline

Competitive operating costs and supportive government policies are also expected to play a key role in Mexico's mining industry strong recovery.