Silver Mining News

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

Rio Tinto rejects allegation it dodged $700 million in Oyu Tolgoi taxes

Dutch non-profit organization claims Rio and its Canadian subsidiary Turquoise Hill used a complex network of tax haven subsidiaries and lending money to itself at high interest rates.

Centamin shareholders get bumper divvy, despite 2017 profit fall

Egypt-focused gold miner is paying a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.

These are top-10 global mining trends expected for 2018

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

A modern land run? Trump move opens Utah to mining claims under 1872 law

U.S. President Donald Trump’s decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law.

Preferred addresses for Toronto and Vancouver miners

Where miners and juniors hang their hats.

As global economy hums, Davos turns bullish on commodities

"We have not seen this kind of growth since before the global financial crisis."

SolGold starts additional drilling at flagship project in Ecuador

The company’s Cascabel project is located in the northern portion of the Andean copper belt in Ecuador, renowned for hosting almost half the world’s copper known reserves.

Caterpillar beats estimates again, delivers bullish outlook for 2018

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

Russia's Polymetal says Q4 revenue up 12 pct on year earlier

The Russian gold and silver producer said its fourth-quarter revenue rose 12 percent on a year earlier to $586 million due to higher gold sales.

Barrick grabs stake in Royal Road Minerals in $1.3 million deal

Proceeds from the private placement and financing will be used for exploration and development of the junior miner’s projects in Colombia and Nicaragua.

Pretium shares tank after Brucejack ramp up disappoints

Vancouver producer announces lower gold production, recoveries at its only mine six months into ramp-up – stock is down 26%.

Rising mineral prices trigger artisanal and small-scale mining ‘explosion’ — report

An estimated 40.5 million people were directly engaged in ASM last year, up from 30 million in 2014, 13 million in 1999 and only 6 million in 1993.

PJX wants to buy another gold mine in B.C.

The Toronto-based miner wants to buy the Gold Shear property, southwest of Cranbrook, British Columbia.

Rio Tinto bets big on Mongolia, opens local office

The new unit, under Mongolian leadership, will focus on exploration and local ties.

Great Atlantic to drill for base/precious metals in New Brunswick

The company has just received a diamond drilling permit for up to 10 holes.

Canadian miner expanding in West Africa

RosCan is targetting different land packages in Ghana and Mali.

The periodic table of commodity returns

If for some reason, you still think that the commodity markets are predictable, today’s chart provides a nice piece of humble pie.

Force Majeure at Oyu Tolgoi mine due to border protests

Measure was taken as Chinese coal haulers continue to disrupt deliveries near the border with Mongolia, the mine's majority owner Turquoise Hill said.

Torex restarts operations in Mexico despite blockade

The miner and the current operating union re-established plant access through a road used during construction.

Silver volume extreme as in April 2013

It may be hard to notice silver’s signs with all that’s happening in the USD Index and given the rally in gold stocks, but it’s definitely worth it.

Condor Gold hopes to soon kick off construction at Nicaragua project

To date, the company has invested $45 million in Nicaragua, completed over 70,000 meters of drilling on its flagship La India asset, and produced two PEAs and a PFS.

Time to own gold: Sharps Pixley

"The best is yet to come, but not just yet. Patience," Sharps Pixley's CEO says.

Eldorado Gold reports in-line 2017 gold production

The Vancouver-based miner revealed that, including pre-commercial production from the Olympias project in Greece, its gold production was of 285,919 ounces in 2017.

Rio’s Oyu Tolgoi mine in Mongolia hit with $155 million tax bill

Rio Tinto-controlled Turquoise Hill said the bill relates to an audit on taxes imposed and paid by the mine operator between 2013 and 2015.