Silver Mining News

Oreninc Index retreats as gold price dips

Oreninc Index - Monday, May 1, 2017

BC Election: Major parties on future of mining

Question of whether government should be industry overseer or collaborator is at centre of resource platforms of Liberals, NDP and Greens

Fresnillo silver output up almost 11pct in first quarter, but gold falls

The firm, the world's largest primary silver producer and Mexico's second-largest gold miner, said output of the grey precious metal hit 13.5 million ounces in the quarter.

Caterpillar soars as first quarter sales jump for first time in over two years

The giant equipment maker's quarterly profit surged past estimates helped by a recovery in most of its end markets.

Silver reaching a major inflection point – investors beware

David gives credit to Ted Butler’s continual analysis of the Commitment of Traders report, which David highlight’s often in his newsletter.

ORENINC INDEX up as gold sees volatility

The Oreninc Index showed growth again in the week ending April 20th, 2017 to 65.15 from 54.67, despite gold having a volatile week.

Sandvik starts the year with better-than-expected profit

Miners have begun spending in equipment again, the Swedish firm's results show.

Galantas Gold plummets as it halts Irish mine expansion on terrorism fears

The miner had to put its plans on hold because the Police Service of Northern Ireland said it cannot secure daily anti-terrorism cover for its blasting operations at Omagh gold mine.

Strike at Escondida hurt Rio Tinto copper output

Production for the first three months of the year slumped 37% compared with the same period of 2016.

Minaurum gold advancing Alamos Silver

Thibaut Lepouttre, editor of Caesars Report, profiles Minaurum Gold, which is developing the historic Alamos project in Mexico, and interviews geologist Peter Magaw, a director of the company.

Goldcorp begins friendly $247 million takeover of Exeter

Exeter shareholders will receive 0.12 of a common share of Goldcorp for each they have in the junior — that's a premium of 67% based on the part's closing prices on the day prior to the announcement.

Mining’s environmental accomplishments unknown to American voters

A new poll by Morning Consult for the National Mining Association (NMA) shows that most American voters are unaware of the environmental and technological advancements in teh industry.

Minjar Gold attempt to grab Barrick’s stake in Super Pit falls through

The firm, a unit of Shanghai-listed Shandong Tyan Home, reportedly walked away from the deal due to recent tightened controls in China on outbound investment.

Recent Escondida strike may push Chile into recession

Analysts believe that would increase the chances of the country joining Latin America’s ongoing political drift to the right in November’s elections.

Silver prices poised for bullish run — experts

Speculators are long a net 105,515 silver futures contracts — the highest bullish position since Bloomberg records began in 1993 and more than three times the average weekly net long over that period.

Ecuador mining industry to grow eightfold by 2021 — report

Experts believe the value of the nation's dawning industry is set to jump from $1.1bn this year to $7.9bn in 2021 on a combination of revised regulatory framework and significant gold and copper reserves.

Jack Chan's weekly gold and silver update: The correction Is over

Technical analyst Jack Chan charts the completion of the gold market’s long correction.

GoldMining’s acquisition of La Mina to create massive gold-copper portfolio in Colombia

GoldMining announced the acquisition of all outstanding common shares of Bellhaven and its La Mina Gold Project in Colombia

Peru’s copper output slightly up

The Ministry of Energy and Mines revealed that the country’s copper production rose by 5.42% in February

Gold bull McEwen says price rally has just begun

The founder of McEwen Mining and Goldcorp believes prices for the precious metal will reach $5,000 an ounce in a matter of years.

Chile’s Codelco sets up lithium subsidiary

The unit is expected to help speed up the approval of legislation that allows the exploration and exploitation of the country’s vast lithium deposits.

Golden Arrow and Silver Standard join forces in Argentina

Stars aligned for Golden Arrow when Chinchillas was ready to move to production and the company only had to look 18 miles down the road to Silver Standard's Pirquitas mine and its established production facility.

British scientists find sub-sea minerals treasure trove

They have found valuable minerals atop an underwater mountain, which is basically a huge flat-topped mound of some of the scarcest materials on Earth.

Mexican mines recording major gains in equipment reliability and reduced fuel usage

At an accelerating rate, Mexican mines are taking advantage of advanced simulation technology along with skilled people and proven process, from Immersive Technologies, to optimize their equipment operator workforce.

INFOGRAPHIC: Which States get the most Chinese investment?

Today’s infographic comes from SCMP, and it shows where Chinese overseas investment has been going, with a particular focus on the United States between 2000 and 2016.