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Silver News

Harmony's shares rise on higher earnings outlook

By: Creamer Media Reporter      22nd February 2024 JSE-listed Harmony Gold's share price rose by more than 5% on February 22 after the company reported that its earnings per share (EPS) for the six months ended December 31, 2023, were likely to increase by more than 100% year-on-year to between R9.37 and R9.76 in rand terms and between $0.50 and... 

‘Five new Greens Creeks needed to meet silver demand from solar’

By: Mariaan Webb     19th February 2024 The relentless expansion of solar power installations is triggering a staggering surge in silver demand, which is outpacing production capacity, says US-based silver producer Hecla Mining CEO Phillips Baker. Considering that each gigawatt of installed solar requires about 500 000 oz of silver,... 

Greens Creek in Alaska is the biggest silver mine in the US.
Greens Creek in Alaska is the biggest silver mine in the US.

Mexican mining sector balks at plan to ban open-pit mines

By: Reuters     15th February 2024 Mexican President Andres Manuel Lopez Obrador's proposal to ban openpit mining will generate uncertainty and curtail investment for the key sector, mining industry representatives said this week. Lopez Obrador announced the proposal to prohibit new concessions for open-pit projects last week... 

Mexican mining sector balks at plan to ban open-pit mines

Power aggregators seen as key accelerators of South African mining’s energy transition  

By: Martin Creamer     13th February 2024 Many energy projects selling to one buyer, who in turn sells to many mines – this procurement model is seen as a key financial tool to accelerate the energy transition of South Africa’s mining industry. “We think the aggregator model can really accelerate the requirements of the mines to get... 

Nedbank CIB) Energy Finance Co-Head Amith Singh.
Nedbank CIB Energy Finance Co-Head Amith Singh interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Permanent aerial mesh support, exoskeletons under scrutiny to make mining safer 

By: Martin Creamer     9th February 2024 Minerals Council South Africa is looking at the possibility of promoting permanent aerial mesh support throughout the mining industry as part of its fall-of-ground action plan. The Minerals Council has a robust fall-of-ground action plan that targets several dimensions of the biggest contributor... 

Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).
Minerals Council CEO Mzila Mthenjane flanked by Japie Fullard (left) and Dushendra Naidoo (right).

Silver One acquires 'extremely rich silver vein' project

By: Creamer Media Reporter      9th February 2024 TSX-V-listed Silver One has exercised its option to acquire a 100% interest in the high-grade Phoenix Silver project, in the ‘Arizona Silver Belt’. The project covers 6 141 ha along the northern extension of a prolific 30-km-long mineralised trend hosting past and current producing silver and... 

Crucial to combine agricultural development with mining, Indaba hears 

By: Martin Creamer     7th February 2024 Africa is going to have a huge amount to do to help solve the world’s climate change problems, Toronto-listed Ivanhoe Mines executive chairperson Robert Friedland emphasised in his far-reaching thirtieth address to the thirtieth Investing in African Mining Indaba in Cape Town. In those 30... 

Ivanhoe Mines executive chairperson Robert Friedland.
Photo by Creamer Media
Ivanhoe Mines executive chairperson Robert Friedland.

Noise-induced hearing loss now highest priority mining health condition, Indaba hears 

By: Martin Creamer     6th February 2024 Noise-induced hearing loss has displaced tuberculosis (TB) and silicosis as the top priority health threat in the South African mining industry. “I’m emphasising noise-induced hearing loss because the other diseases have gone down markedly whereas noise-induced hearing loss has not gone down as... 

From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.
From left Minerals Council South Africa’s Sietse van der Woude, Dr Thuthula Balfour, Japie Fullard, Mzila Mthenjane and Dushendra Naidoo.

South Africa’s mining industry now 39% black-owned, Mining Indaba hears 

By: Martin Creamer     5th February 2024 In 2004, the year South Africa’s far-reaching Mining Charter was first introduced, black ownership in South Africa’s globally recognised mining industry stood at a negligible 2%. This has now leapt nearly 20 times higher to approximately 39%, South Africa President Cyril Ramaphosa highlighted in... 

President Cyril Ramaphosa at the Mining Indaba.
President Cyril Ramaphosa at the Mining Indaba.

Glencore reports lower production, builds solar plant in South Africa 

By: Marleny Arnoldi     1st February 2024 Diversified miner Glencore has reported lower volumes across its key commodities for the 2023 financial year, but notes that these were all nonetheless still within the guided ranges. The company’s own-mined production for the year totalled 1.01-million tonnes of copper, reflecting a 5%... 

Glencore CEO Gary Nagle
Glencore CEO Gary Nagle

Miners appeal to Canada to declare silver a critical mineral

By: Mariaan Webb     1st February 2024 Executives from Canadian and international silver mining producers operating in the country have appealed to government to recognise silver as a critical mineral. In a letter addressed to Energy and Natural Resources Minister Jonathan Wilkinson, the executives outlined their reasoning behind... 

Generating 1 GW of solar power capacity through photovoltaics requires 685 000 oz of silver.
Generating 1 GW of solar power capacity through photovoltaics requires 685 000 oz of silver.

Coal miner Ndalamo pursuing renewable energy, other minerals

By: Martin Creamer     31st January 2024 Coal mining company Ndalamo Resources is actively exploring opportunities in renewable energy and other minerals, paving the way for a diversified and resilient future. Ndalamo CEO Shammy Luvhengo states this in an Op-Ed in relation to the overarching theme of next week's 2024 Investing in... 

Ndalamo CEO Shammy Luvhengo.
Ndalamo CEO Shammy Luvhengo.

Copper miner Sandfire maintains FY guidance

By: Creamer Media Reporter      30th January 2024 Global copper miner Sandfire Resources has maintained its production, cost and capital expenditure guidance for the 2024 financial year, after a solid December quarter at its MATSA and Motheo copper operations in Spain and Botswana, respectively. The ASX-listed company reported that it was on... 

Copper miner Sandfire maintains FY guidance

World's biggest jeweller Pandora stops using mined silver and gold

By: Reuters     29th January 2024 Pandora, the world's largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to produce. The Danish company, known for its $65 to $95 charm bracelets, buys around 340 t of silver and 1... 

World's biggest jeweller Pandora stops using mined silver and gold

Fresnillo achieves FY guidance

By: Creamer Media Reporter      24th January 2024 Mexican precious metals miner Fresnillo has achieved its full-year guidance of 105.1-million silver-equivalent ounces, with the company overcoming “many operational challenges”, reports CEO Octavio Alvidrez. “We successfully ramped up production at our new mine, Juanicipio, reaching full... 

Fresnillo achieves FY guidance

Cadastre imminent, 2024 to be used as year to clear backlogs, says Minerals Minister 

By: Martin Creamer     18th January 2024 The introduction of an electronic cadastral system to record and enable online access to mining data is imminent, Mineral Resources and Energy Minister Gwede Mantashe emphasised in an interview with Radio 702 host Clement Manyathela on Thursday. Mantashe disclosed to Manyathela that agreement had... 

Gwede Mantashe
Photo by Creamer Media Chief Photographer Donna Slater
Gwede Mantashe

Global mining commits to nature-positive future 

By: Martin Creamer     18th January 2024 Global mining and metals companies have committed at Davos to take urgent action to support a nature-positive future by 2030 that promotes the health, diversity and resilience of species, ecosystems and natural processes. International Council of Metals and Minerals (ICMM) members have pledged... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

South Africa-linked mining luminaries advising on metals industry greening 

By: Martin Creamer     17th January 2024 South Africa-linked mining luminaries are playing roles in an initiative to transform the metals industry with clean technology. Being targeted for metals is the elimination of energy-intensive smelters, toxic chemicals and strong acids. 

Ian Cockerill, Mark Cutifani and Tony O'Neill
Photo by Creamer Media
Ian Cockerill, Mark Cutifani and Tony O'Neill

Smart wristwatches to uplift mineworker well-being at Copper 360  

By: Martin Creamer     16th January 2024 Computer programmes that use artificial intelligence (AI) to model orebodies and plan mines optimally have already been introduced by Copper 360, says the JSE AltX-listed Northern Cape copper mining company, which is developing the Rietberg copper mine, the first of a dozen copper mining assets... 

Copper 360 CEO Jan Nelson
Copper 360 CEO Jan Nelson interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

JSE presents opportunity for critical mineral miners to access capital  

By: Martin Creamer     12th January 2024 Critical mineral demand is growing significantly at a time when South Africa has a pressing need to reawaken its public markets – two crucial needs that can be fulfilled in one go by companies raising capital on the Johannesburg Stock Exchange (JSE) to fund their entry into the critical minerals... 

JSE business development manager Patrycja Kula-Verster
JSE Business Development Manager Patrycja Kula-Verster interviewed by Engineering News & Mining Weekly.

Lucky Friday silver mine restarts production

By: Creamer Media Reporter      11th January 2024 The Lucky Friday silver mine, in Idaho, has restarted production, after repairs were completed following an underground fire last year, precious metals miner Hecla reported on Thursday. Lucky Friday produced 3.1-million ounces of silver in 2023, which is 30% lower than the previous year, owing... 

Lucky Friday silver mine restarts production

Sibanye-Stillwater announces forceful C-suite sustainability appointment

By: Martin Creamer     9th January 2024 Johannesburg- and New York-listed mining company Sibanye-Stillwater has appointed Melanie Naidoo-Vermaak as chief sustainability officer, effective January 1. “Sustainability/ESG is a strategic imperative,” Sibanye-Stillwater CEO Neal Froneman highlighted in announcing Naidoo-Vermaak’s... 

Melanie Naidoo-Vermaak
Melanie Naidoo-Vermaak

Bear Creek Mining appoints CFO

By: Creamer Media Reporter      20th December 2023 Gold and silver miner Bear Creek Mining Corporation has appointed Fernando Ragone CFO, with effect from December 18. Ragone, a mining finance executive with 28 years of experience, has held senior executive positions at numerous large companies in Canada, Peru, Mexico, the US, Argentina,... 

Australia’s Pinderi Hills region reveals rich resources

By: Simone Liedtke     15th December 2023 Following months of compiling historical data, conducting site visits and reviewing geological information from past exploration and drill activities in the Pinderi Hills region, in Australia, iron-ore miner Alien Metals has confirmed that the findings position the company in a better position to... 

Chakana extends C$2.2m private placement to January

By: Creamer Media Reporter      14th December 2023 Exploration company Chakana Copper, which is advancing the Soledad project in Peru, has extended its nonbrokered private placement to raise C$2.2-million to January 12. To date, the company has closed C$821 659 of the private placement. 

Mining urged to embrace international council’s new Scope 3 emissions guidance 

By: Martin Creamer     13th December 2023 All mining and metals companies are being urged to embrace new guidance on reducing Scope 3 emissions, which was published by the International Council for Mining and Metals (ICMM) on Wednesday. The guidance is a tool to assist mining companies in their engagement with the financial sector,... 

ICMM CEO Rohitesh Dhawan.
ICMM CEO Rohitesh Dhawan.

South Africa’s community engagement ahead of global peers, manganese AGM hears 

By: Martin Creamer     6th December 2023 The South African mining industry is years ahead of its international peers when it comes to local and community engagement, Australia-listed Jupiter Mines, which owns 49.9% of the Tshipi manganese mine in South Africa’s Northern Cape, has told its shareholders. The controlling shareholder of the... 

Jupiter Mines chairperson Ian Murray
Jupiter Mines chairperson Ian Murray.

Greenfield investment lagging badly, mining’s contribution to economy halved 

By: Martin Creamer     1st December 2023 The growth of investment in fresh new greenfield mining projects is lagging badly and the contribution of the South African mining industry to the national economy has more than halved in the last two decades, Minerals Council South Africa’s latest Facts and Figures 2022 points out. Net fixed... 

Mining's net fixed capital formation, shown in blue, must be boosted.
Mining's net fixed capital formation, shown in blue, must be boosted.

Fresnillo creates new executive roles for operations and projects

By: Creamer Media Reporter      1st December 2023 Fresnillo, the world’s biggest primary silver producer and Mexico’s biggest gold producer, has announced the creation of new executive roles for its operations and projects: COO North and COO Central. Tomás Iturriaga, who has been leading the company's operations over the last three years, will... 

Polymetals raises cash for Endeavour mine

By: Mariaan Webb     30th November 2023 Australian exploration company Polymetals Resources has announced an one-for-six nonrenounceable rights issue of new shares to raise up to A$8.12-million. Executive chairperson David Sproule will subscribe for A$1-million worth of shares. 

New Utshalo has potential to boost mining IPOs, enliven public markets 

By: Martin Creamer     24th November 2023 South Africa has a pressing need to reawaken its public markets and the new Utshalo must be complimented for setting out to do just that. New mining capital raisings have become too few and far between, liquidity is drying up, and the delisting trend on the Johannesburg Stock Exchange (JSE) must... 

Former Nedbank investment banker Paul Miller.
Former Nedbank investment banker Paul Miller.

African Rainbow Minerals provides R20-million for Wits University research 

By: Martin Creamer     23rd November 2023 Diversified mining company African Rainbow Minerals (ARM) is supporting postdoctoral research into water, energy and digitalisation at the University of the Witwatersrand (Wits) in Johannesburg. The investment is firmly located within the university’s mining precinct and dovetails with the... 

ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.
ARM founder and executive chairperson Dr Patrice Motsepe and Wits ARM Building.

Imperative that exploration plan be implemented as matter of urgency – Khoza

By: Martin Creamer     17th November 2023 If South Africa is not to be left out of the exploration boom, spurred by the immense mineral resources required to develop technologies needed to achieve net zero, it is imperative that the recommendations of South Africa’s Exploration Implementation Plan be implemented in full as a matter of... 

Integrated Geoscience Solutions Technical Director Dr David Khoza.
Integrated Geoscience Solutions Technical Director Dr David Khoza.

Wheaton to add South African PGMs, gold streams to its portfolio

By: Chanel de Bruyn     16th November 2023 Royalty and streaming group Wheaton Precious Metals and its subsidiary Wheaton Precious Metals International (Wheaton International) have entered into a definitive agreement with certain entities advised by Orion Resource Partners to acquire existing streams in respect of Ivanhoe Mines’ Platreef... 

The Platreef underground mine
The Platreef underground mine

Renewables now critical part of metal mining thinking, says Sibanye-Stillwater 

By: Martin Creamer     14th November 2023 Renewables have become a critical part of metal mining thinking, the Sibanye-Stillwater Battery Metals Investor Day 2023 audience heard on Tuesday. “If you look at electricity, renewables are expected to account for between 80% and 90% of global power generation. So, renewables have become a very... 

Sibanye-Stillwater CEO Neal Froneman.
Sibanye-Stillwater Battery Metals Investor Day covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

High-flying Harmony Gold reports whopping 278% free cash rise  

By: Martin Creamer     13th November 2023 Higher free cash flow, higher recovered grades, higher production and higher received gold price have been reported by Harmony Gold in its operational update for the three months ended September 30, the first quarter of the JSE-listed gold mining company’s 2024 financial year. Group operating... 

Harmony's Mponeng gold mine.
Harmony's Mponeng gold mine.

AngloGold advancing decarbonisation in Tanzania, has begun renewables project in Australia 

By: Martin Creamer     10th November 2023 Gold mining company AngloGold Ashanti is advancing decarbonisation projects at the Geita mine in Tanzania, has commenced renewable energy project works at the Tropicana mine in Australia, and a big solar project in Ghana could be next on its list. The project at Geita, which is located in... 

Processing plant at AngloGold's Geita operation in Tanzania.
Processing plant at AngloGold's Geita operation in Tanzania.

Triple Flag confident of meeting sales guidance to 2028

By: Tasneem Bulbulia     8th November 2023 TSX- and NYSE-listed Triple Flag Precious Metals (TFPM) has declared a dividend of $0.05 a share to be paid on December 15, and highlights that its business continued its strong performance in the third quarter of 2023, with the company track to deliver its full-year gold-equivalent ounce (GEO)... 

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