Silver Mining News

OceanaGold tables resource at WKP prospect in New Zealand

WKP’s East Graben vein contains 410,000 indicated tonnes grading 18 grams gold and 22.7 grams silver for 234,000 oz. gold and 296,000 oz. silver.

Scientists say miners should restore animal communities during site rehabilitation

Researchers say fauna tends to be under-recognized in assessments of restoration success.

Brucejack, Silvertip among British Columbia’s biggest recent successes

No other province or territory has had two new precious metal mines reach commercial production less than 15 months apart.

Pan American Silver completes $1B-buyout of Tahoe Resources

The Vancouver-based miner acquired all of the issued and outstanding shares of Nevada-based Tahoe.

First AI mining company goes public

Goldspot extends machine learning beyond exploration – to M&A.

British Columbia's mining revenue expected to drop by 25% by 2022

Revenue from energy and mining is expected to drop from $1.1 billion in 2018-19 to $861 million by 2020-21.

Lundin Gold to step up exploration in Ecuador after securing $30m in financing

A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, had agreed on a bought deal basis to buy 7.5 million shares at C$5.40 each.

Canada Cobalt drills bonanza grades at Castle mine property

The mine produced a total of 9.4 million oz. of silver and more than 375,000 lb. of cobalt from the No.3 shaft at various times from 1917 and 1989.

Prospects brighten for Alaska's Pebble project after environmental impact statement released

At market close Wednesday, Northern Dynasty's shares were up over 12%, and gained another 7% in after-hours trading.

Palladium smashes $1,500 as shortages to aid Nornickel, Amplats

Tighter emissions rules are “outweighing the weakness in global auto sales and the growing threat from EV's.

Newcrest ups stake in Ecuador with Cornerstone deal

Australia’s largest gold producer has signed an option and farm-in agreement with Toronto-listed Cornerstone Capital Resources over two early stage projects in Ecuador.

Mining companies operating in Sub-Saharan Africa should invest in renewable energy — report

According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region's favourable climate conditions.

Waterton steps up efforts to oust Hudbay Minerals CEO, board of directors

Toronto-based private-equity firm Waterton Global Resource Management is pushing for an overhaul of Hudbay Minerals’ board and the exit of the CEO, Alan Hair, over alleged "mismanagement."

These 20 analysts forecast gold price above $1,400 in 2019

Two-thirds of 30 analysts polled by the LBMA see double digit gains for the gold price 2019, but the ride will be bumpy.

Plunging inventories have zinc bulls ready to run

Could we be looking at another run in the zinc price like in 2017, when it spiked from $1.19 a pound to $1.61 within only six months (+35%)?

Centamin sees mineral resources more than doubling in Côte d’Ivoire

The miner has added 780,000 indicated ounces of gold to its Doropo project in Cote d’Ivoire, taking the its overall resource to over 2 million ounces.

Silver One starts drilling at Peñasco Quemado in Mexico

Historical measured and indicated resource at the property are of 2.57 million tonnes at a grade of 117 g/t Ag for a silver resource of 9.63 million ounces.

Investors applaud Yamana Gold’s Q4 results

Yamana Gold’s stock was up 4.65% in after hours trading.

Casa options Keaper polymetallic project in British Columbia

The optionee must spend $4 million on exploration, pay Casa $550,000 and issue Casa 2.5 million shares in yearly stages.

Silvercrest finds another vein at Las Chispas

The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur.

Sierra Metals one step closer to expanding Yauricocha mine in Peru

Yauricocha's reserves are, in the proven category, 1.8 million tonnes and a little over 7 million tonnes in the probable category.

Australia's South32 posts 18% jump in half-year profit

A surge in metallurgical coal output and stronger commodity prices helped boost its bottom-line.

BMO: Silvercrest Metals could be ‘takeover candidate’

SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”

Boliden Q4 core profit ahead of expectations, total dividend below

The company proposed a total shareholder payout of 13 crowns per share, composed of an ordinary dividend of 8.75 crowns and an extra payment of 4.25 crowns through an automatic share redemption.

Russia says its gold output rose to 314 tonnes in 2018

In the previous year, Russia's gold output was 306.9 tonnes and silver output 1,044.3 tonnes.