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.
Silver Mining News
Open Mineral Exchange has managed to attract mining companies and smelters wanting to cut out the middlemen and save cash on deals for concentrates.
The LME expects three more clearing members to join its precious metals contracts by year-end.
Company expects the full permitting process to be completed by December.
The Singapore Diamond Investment Exchange (SDIX) has launched a new investment-grade, standardized diamond product to rival gold as a safe-haven asset.
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.
A September proposal to replace the tax on high-end assets with just a real estate tax was met with public uproar.
The transaction closed today and included the Black Fox underground gold mine, stock mill, workforce, and nearby Grey Fox and Froome development projects.
Lawsuit was filed last year after the miner halted payments due to a local group.
Competitive operating costs and supportive government policies are also expected to play a key role in Mexico's mining industry strong recovery.
Consensus forecasts point to double digit declines for the platinum, zinc, copper and lead price by the end of the year, while coal is set to tank.
Marmato underground gold mine is expected to have a minimum 12-year productive life, generating over 1.5 million ounces of the precious metal during that time.
Canadian silver miner First Majestic Silver Corp said on Tuesday four miners died from gas intoxication at its La Encantada Silver Mine in Mexico.
The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.
Polymetal is a Russian gold and silver producer.
Operations have been suspended since a June 9 incident that flooded the mine, killing three workers.
Mickey Fulp sits down with Maurice Jackson to discuss one third of his investment thesis which is focused on Project Selection.
KGHM Polska Miedz SA expects its third quarter results to be boosted by favourable metal prices and currency exchange rates.
It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.
Arnoud Balhuizen, head of marketing at BHP, said the impact of the looming electric vehicle boom for raw materials producers would be felt first in the metals markets and only later in oil.
Mineral Mountain Resources wants to drill 20 holes on federal land a couple miles south of the community of Rochford
The Asian giant is very interested in “intensifying investment trade and cooperation” with Argentina
The New Zealand-listed company acquired 100 per cent of Newcrest NZ Exploration, a Newcrest Mining subsidiary
Brazil-based mining company Votorantim Metais Holding SA filed on Thursday for an initial public offering in New York and Toronto, to tap into a wide base of investors betting on a long-term recovery in zinc, copper, lead and silver prices.
Company said it preserved the right to shut down operations in the country and to take legal actions to protect itself and its assets should the dialogue with the ministry of energy and environment fails.