This is the fourth project to be drilled under the terms of a second round of strategic investment from Fortuna Silver Mines, announced in early May.
Silver Mining News
The number of electric cars, including battery-electric, plug-in hybrid electric and fuel cell electric passenger light-duty vehicles, increased by 57% in 2017 from the previous year.
While the global mining industry is quickly becoming more digitally mature, that transformation continues to focus on productivity and profitability, rather than on much needed innovation, a new study shows.
Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime.
Worldwide there are over 30,000 exploration projects.
It will expand to include more commodities, including zinc, lead, nickel, tin and silver, in the next step.
In late April, Millbrook Minerals became the first copper-zinc explorer to sign an International Economic Association (IEA) contract with Cuba's GeoMinera, becoming the first Canadian firm to sign a deal with the Island since the mid 90’s.
The Grassy Mountain Gold project is expected to produce 47,000 ounces of gold and 50,000 ounces of silver for 7.25 years.
Northern Dynasty stock drops 32% after pact with First Quantum to build giant Alaska copper-gold mine collapses.
India is the world's biggest consumer of silver, which is mainly used for jewellery making in the country.
Anglo Asian Mining said on Thursday it was considering paying its first dividend now that it had reported a profit, cut debt and built up cash.
The pre-production capital expenditure is $404M, which includes $105 million of capital cost required to upgrade the government-owned North Canol Road.
The company also said it plans to reduce investment in oversees assets and focus on domestic operations.
Tracking metals across the supply chain has become increasingly important to businesses and consumers - with blockchain, there’s no hiding anything.
The country’s energy ministry said he aimed to address the company's development plans in the coming weeks and according to a recent arbitration, which favoured Eldorado.
Rio Tinto has called for less interference at its giant copper and gold mine in Mongolia, as it moves forward with an underground expansion.
"You're starting to see AI being used in some quite interesting ways within processing."
Despite mining contributing about 6 per cent of the country's GDP, a study revealed that almost six out of 10 of young Australians know nothing at all about mining careers.
Commercial production is expected in the second quarter of the year.
The London Bullion Market Association has suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".
Net profit for the first three months of the year stood at 439 million zlotys ($121.08 million), compared with the 453 million zlotys expected by analysts.
Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and increased political risk.
The company expects both the province and the federal government environmental decisions on the gold-silver project to be issued in the third quarter of the year.
Orvana Minerals’ subsidiary in Spain has plans to reopen the Carlés gold mine, located in the Salas municipality of the Principality of Asturias.
Megastar Development wants to buy the Rama de Oro project located in the state of Oaxaca.