Silver Mining News

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.

CHARTS: Mining's 2017 rally forecast to fizzle out

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.

Gran Colombia Gold to switch Marmato project from open pit to underground

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.

Canada's First Majestic Silver says four workers die at Mexican mine

Canadian silver miner First Majestic Silver Corp said on Tuesday four miners died from gas intoxication at its La Encantada Silver Mine in Mexico.

Glencore to spend $956M to increase stake in Peru's largest zinc producer

The company will pay between $531 million and $956 million depending on the offer's level of acceptance by Volcan shareholders.

Russia's Otkritie bank gets stake in Polymetal

Polymetal is a Russian gold and silver producer.

Mandalay Resources mothballs Cerro Bayo mine in Chile

Operations have been suspended since a June 9 incident that flooded the mine, killing three workers.

Project selection: An interview with Mickey Fulp

Mickey Fulp sits down with Maurice Jackson to discuss one third of his investment thesis which is focused on Project Selection.

Metal prices to lift Polish KGHM's Q3 results – CEO

KGHM Polska Miedz SA expects its third quarter results to be boosted by favourable metal prices and currency exchange rates.

Brazil’s president revokes decree allowing mining in Amazon

It would have opened up for mining a vast national reserve in the country’s Amazon, larger than the size of Switzerland.

BHP says 2017 a ‘tipping point’ for electric cars

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.

US landowners oppose Canadian company's gold search

Mineral Mountain Resources wants to drill 20 holes on federal land a couple miles south of the community of Rochford

China and Argentina to strengthen mining cooperation

The Asian giant is very interested in “intensifying investment trade and cooperation” with Argentina

New Talisman Gold buys 80% of New Zealand’s Rahu Project

The New Zealand-listed company acquired 100 per cent of Newcrest NZ Exploration, a Newcrest Mining subsidiary

Brazil's Votorantim Metais files for New York, Toronto IPO

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.

Eldorado defers decision to halt operations in Greece as talks with Gov’t begin

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.