Category: Silver

What tariffs and the NBA finals mean for gold's rally

As we close out another week, I’m currently in Toronto, the mining finance capital of the world. But at the moment, all eyes are on the Toronto Raptors, now the most valuable sports franchise in Canada as they make their...

/ June 10, 2019

Sandspring PEA pegs Toroparu production at 4.5moz over 24 years

Sandspring Resources Ltd. (TSX-V:SSP) came out Tuesday with positive results from a preliminary economic assessment (PEA) on the Toroparu gold project in Guyana. Key highlights of the report include: 4.5moz of production, with 3.64 moz produced in doré bars, over...

/ June 5, 2019

Gold climbs as Trump’s Mexico threat shows 'no country is safe'

Gold is finally seeing some bullish momentum as trade ructions escalate, fueling the biggest rally among the top miners in seven months. President Donald Trump’s plan to impose a 5% tariff on all Mexican goods over illegal immigration rattled financial...

/ June 4, 2019

Dunnedin acquires copper-molybdenum-silver project in Arizona

Dunnedin Ventures (TSXV: DVI) announced that it has closed the acquisition of 100% of the Mohave copper-molybdenum-silver porphyry project in Mohave County, Arizona, from Bluestone Resources. Mohave is a 10-square-kilometre property located in the mineral producing Basin and Range Province...

/ May 24, 2019

Southern Silver increases mineral resource at Mexican silver project

Southern Silver Exploration (TSXV: SSV) just completed an update of its independent Mineral Resource Estimate on the Cerro Las Minitas project in Durango, Mexico. In a press release, the company said that the analysis was carried out by Kirkham Geosystems...

/ May 11, 2019

Mining exploration in Mexico hits 12-year low

Investment in mineral exploration in Mexico hit a 12-year low last year, due mainly to social conflicts that forced some companies to halt operations, according to a report published this week by the country’s mining chamber, Camimex. Around $383 million...

/ May 10, 2019

Profile: Pan American Silver CFO's big mergers and acquisitions

As a former banker with Standard Bank Group in London and New York, and a longtime chief financial officer with Vancouver-headquartered Pan American Silver Corp. (TSX:PAAS), Rob Doyle has been involved in some pretty big merger and acquisition deals. But...

/ May 9, 2019

Massive base metals mine in Myanmar to start production in 2021

Australia-based Myanmar Metals (ASX: MYL) said Monday that its 51%-owned Bawdwin polymetallic project in Myanmar could kick off production as early as 2021, based on a prefeasibility study into a starter pit. Bawdwin, which in a first phase of operations...

/ May 6, 2019

Minaurum doubles size of Alamos silver project in Mexico

Minaurum Gold (TSXV: MGG) has more than doubled the size of its Alamos silver project in Sonora, Mexico. In a press release, the Vancouver-based miner said that it staked an additional 20,872 hectares, which makes the project over 37,000 hectares...

/ May 4, 2019

Societe Generale resigns as London gold and silver market maker

The London Bullion Market Association (LBMA) said Societe Generale had resigned as a market maker for gold and silver, as France’s third-largest bank pushes ahead with a downsizing of its commodities business. SocGen said this month it would cut 1,600...

/ May 1, 2019

Coeur Mining’s shares hit on first quarter 2019 production and sales report

Shares in Coeur Mining (NYSE: CDE), the second largest primary silver producer in the US, took a 3.9% hit Thursday, after reporting that first quarter 2019 gold and silver production had decreased at three of its five mines. Friday’s gold and...

/ April 30, 2019

Hecla Mining’s water permit for Montana mine revoked

Shares in silver producer Hecla Mining (NYSE:HL) fell on Tuesday after it became public that a judge in the US state of Montana overturned the water permit approval for the company’s proposed Rock Creek mine. The licence would have allowed...

/ April 29, 2019