Silver Mining News

Tahoe lost $18 million last quarter on Escobal mine reopening delays

Adjusted loss was $17.7 million, which dramatically contrast with the $18.4 million profit logged a year ago, which reflects the impact of the ongoing shutdown of its flagship Escobal silver mine, in Guatemala.

Rio to build power plant at Oyu Tolgoi copper-gold mine in Mongolia

Move would add further costs to an ongoing $5.3 billion underground expansion of the massive mine.

Mandalay’s coffers suffered from Cerro Bayo’s downtime

The CEO of Mandalay dubbed 2017 as a challenging year for his company.

Canada the world's overall top mining destination, despite Saskatchewan fall

That's considering the combined rankings of all its provinces and territories, but Finland is the most attractive jurisdiction this year.

Southern Copper to splash $2.5 billion on Peru project

Winning bidder for Michiquillay project says production will start in 2025 to become one of the largest mines in the world's number two producing country.

Hochschild says Peru mine to bolster output this year

Hochschild Mining Plc expects production to grow slightly this year as it ramps up output at the Pablo vein at its Pallancata mine in Peru

Miners rich in cash are aiming for fat dividends, debt payments

The mining industry is awash with cash, and so far it’s got two main uses — pay down debt and reward investors.

Mining M&A jumps to 4-year high – expect more in 2018

New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."

Japan's Mitsui wants more of Chile's Collahuasi copper mine, but none of Los Pelambres

Mitsui’s investments in Chile’s copper industry date back to the 1990s and it now has minority interests in a number of the country’s leading mines.

Pembridge grabs copper-gold-silver mine in Canada’s Yukon

With the acquisition of Capstone's Minto mine, Pembridge Resources is set to become a cash flow generating copper producer.

INFOGRAPHIC: The true costs of artisanal mining

Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?

Teck Resources down despite better profit in Q4

The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.

Experts warn of civil unrest in Argentina as it readies to lift ban on open pit mining

President’s move to allow open pit mining in provinces until now opposed to it is part of a broader plan to double foreign investment to $25 billion in eight years.

World’s largest gold project just got even bigger

Seabridge Gold has bulked up again its already massive KSM gold-copper-silver project in northern British Columbia in both size and grade.

Rio Tinto becomes sole owner of Pistol Bay uranium assets in Canada

Rio Tinto had already earned a 75% interest in the C-4-5-6 property, and it was expected to exercise its option to acquire full interest by 2019.

Seabridge dealing with damages from previous mining activities in northern BC

The Toronto-based miner is carrying out a comprehensive environmental remediation program at its Iskut project.

Alexco preparing to resume silver mining in Yukon later this year

Although a final production decision has not been made, Canada's Alexco Resource Corp. is preparing to resume mining of silver and related minerals late this year in the Yukon's Keno Hill Silver District.

Arizona’s newest gold mine just weeks away of first pour

Canada’s Northern Vertex Mining is ramping up production at its Moss gold-silver project towards an initial stacking rate of 2,500 tpd, to later reach 5,000 tpd.

Private capital favours investing in copper over gold for first time

New report shows private equity investment in mining jumped to $2.3 billion last year, with the bulk going into copper and battery metals.

INGEMMET estimated the existence of 243,000 tons of silver and 6,915 tons of gold

Peru will strengthen position in top five gold and silver producing countries in the world if it makes most of the reserves of these two metals.

Gold price set for wild ride in 2018 say 34 bullion analysts

Bankers, brokers, refiners and researchers in the London Bullion Market Association's 2018 survey sees gold as high as $1,510 and as low as $1,120 an ounce.

Commodity boom has a dark side as cost creep erodes windfall

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

Rio Tinto rejects allegation it dodged $700 million in Oyu Tolgoi taxes

Dutch non-profit organization claims Rio and its Canadian subsidiary Turquoise Hill used a complex network of tax haven subsidiaries and lending money to itself at high interest rates.

Centamin shareholders get bumper divvy, despite 2017 profit fall

Egypt-focused gold miner is paying a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.

These are top-10 global mining trends expected for 2018

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.