Silver Mining News

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.

Miner Hochschild boosts hunt for acquisitions — executive

Company is doubling down on efforts to find early-stage mining projects to acquire and is open to deposits that depart from its focus on silver and gold.

Peruvian farmer sues Newmont in US court over alleged use of violence, threats

Acuña and her family claim the company used violence and threats to try to evict her from her home and so make way for its $5 billion gold and copper Conga project.

Integra Resources to acquire Kinross Gold's DeLamar gold-silver project

Conditional upon the completion of the Transaction, Integra will acquire 47 mining claims totaling approximately 238 hectares that form part of the Florida Mountain claims group, which are situated in the Carson Mining District in Owyhee County, Idaho.

McEwen shares drop after $40m stock offer

McEwen announces bought deal at deep discount to ruling share price to finance purchase of Ontario gold mine.

Aussie consortium to spend $12m in research to boost copper production

Initiative is part of South Australia’s government strategy that aims to triple the state's copper production to one-million tonnes a year by 2030.

Greece tries making peace with Eldorado, grants final permits for Olympias

While the company can now proceed with development of Olympias, is still awaiting permits for its Skouries project, the main bone of contention with Greek authorities.

Greece kicks off arbitration process over Eldorado Gold’s projects

Greek government alleges a technical study for the company’s Madem Lakkos metallurgical plant is deficient and thereby violates environmental terms.

The $10 trillion mineral resources North Korea can't tap

North Korea may not have proved petroleum reserves, but it's estimated that the secluded belligerent nation sits on reserves of more than 200 minerals—including rare earth minerals—worth an estimated up to US$10 trillion.

Greece grants permits for Eldorado after miners clash with police

The miners from the Eldorado Gold mine in the Halkidiki region were protesting looming layoffs as the company said Monday it would suspend all operations in Greece.

Fireweed Drills Wide High Grade Mineralization at Macmillan Pass Project including 10.20% Zinc, 6.28% Lead and 87.7 g/t Silver over 24.4 meters (True Width)

“We are excited to see these results not just confirm the historic grades, but also exceed them significantly in places.”