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Silver News

US Gold receives CK operating permit

By: Creamer Media Reporter      9th May 2024 The CK gold mining project, in Wyoming, is on track for all the necessary permits for development by the middle of the year, US Gold Corp CEO George Bee reported on Wednesday, announcing the approval of a mine operating permit. The Wyoming Department of Environmental Quality (WDEQ) issued US... 

Glencore sells stake in Peru zinc miner Volcan

By: Creamer Media Reporter      7th May 2024 Swiss-headquartered Glencore has announced a definitive agreement to sell its stake in Volcan Compañia Minera to a subsidiary of Integra Capital. Transition Metals will pay Glencore $20-million for a stake in Volcan, which mines zinc, lead and silver in Peru. 

Silver Hammer pulls the plug on Shafter project purchase

By: Creamer Media Reporter      7th May 2024 Junior resources company Silver Hammer Mining has called off its definitive share purchase agreement with Aurcana Silver concerning the Shafter deposit, in Texas. Silver Hammer CEO Peter Ball said the decision followed an extensive evaluation of the Shafter mine alongside a team of mine... 

Silver Hammer pulls the plug on Shafter project purchase

Pan American to sell La Arena stake to Zijin

By: Creamer Media Reporter      2nd May 2024 NYSE- and TSX-listed Pan American Silver on Wednesday announced the sale of its interest in LA Arena in Peru to a subsidiary of Zijin Mining for up to $295-million. “With the sale of La Arena, we continue to deliver on our strategy to optimise our portfolio, following the Yamana transaction,... 

Pan American to sell La Arena stake to Zijin

Discovery, development are mining’s only true value creation drivers, Barrick highlights  

By: Martin Creamer     2nd May 2024 Discovery and development are the only true drivers of value creation in the mining industry, Barrick president and CEO Dr Mark Bristow highlighted on Wednesday, when this standout gold and copper mining company once again declared a dividend in reporting its first quarter results that position... 

Barrick’s Mark Bristow greets Tanzania Minerals Minister Anthony Mavunde at African training academy, which is augmenting the closing Buzwagi mine’s transformation into a 3 000-job-a-year special economic zone with airport terminal.
Barrick first-quarter results covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Altona appoints David Catterall as Sesana project consultant

By: Darren Parker     29th April 2024 London-listed Altona Rare Earths has appointed David Catterall as a consultant, with a special focus on the company's Sesana copper/silver project, in Botswana, where he will work closely with CEO Cedric Simonet. "[Catterall] is considered an expert of the Kalahari Copper Belt, where the Sesana... 

Rand Refinery donates R2m to seven Gauteng schools

By: Sabrina Jardim     29th April 2024 As part of its commitment to education, precious metals refiner Rand Refinery has donated R2-million to seven primary and secondary schools in Gauteng. The company says this donation will be allocated towards refurbishments at, and procurement of modern educational tools by, the selected schools. 

Silvercorp expands reach with C$200m Adventus acquisition

By: Mariaan Webb     29th April 2024 In a move aimed at diversification, Canadian mining firm Silvercorp has announced a C$200-million deal to venture into Ecuador, just weeks after missing out on acquiring control of Tanzania-focused OreCorp. The all-share offer for TSX-V-listed Adventus Mining, valued at C$0.50 a share, will... 

Silvercorp expands reach with C$200m Adventus acquisition

How 30 years of democracy has transformed South Africa's mining industry  

By: Martin Creamer     25th April 2024 South Africa’s 30 years of democracy has changed the character of this country’s mining industry profoundly, Minerals Council South Africa emphasised in a report that highlights the industry’s significant advance since the dawning of democracy in 1994. Importantly, South Africa’s highly regarded... 

Minerals Council South Africa CEO Mzila Mthenjane.
Minerals Council South Africa CEO Mzila Mthenjane.

Armadale sets out to earn a majority stake in US silver asset

By: Creamer Media Reporter      24th April 2024 Aim-listed investment company Armadale Capital, which holds mine investments in Africa, has entered into an agreement to earn a 50% interest in Africo American Incorporated (AAI), the holding company of the Canyon Silver lead/zinc/silver exploration asset, in Idaho, in the US. Armadale has an... 

Silver bars

South32 reports improved operating results for March quarter

By: Darren Parker     22nd April 2024 Diversified miner South32 has reported an overall improvement in its operating results for the March quarter and record year-to-date production at Hillside Aluminium, in KwaZulu-Natal, and South Africa Manganese, in the Northern Cape, along with a 60% increase in quarterly volumes at Illawarra... 

South32 CEO Graham Kerr
South32 CEO Graham Kerr

Sierra records 36% y/y increase in first-quarter copper production

By: Darren Parker     19th April 2024 For the first quarter of this year, TSX-listed copper producer Sierra Metals has recorded a 36% year-on-year increase in consolidated copper production of 11.2-million pounds from its two underground mines in South America, the Yauricocha polymetallic mine, in Peru, and the copper-producing... 

Sierra Metals' Bolivar mine

Green economy surge pushes 2023 silver industrial demand to new highs

By: Mariaan Webb     18th April 2024 Building upon the momentum of 2022’s surge in silver consumption for industrial applications, 2023 saw yet more record-breaking industrial demand, reaching 654.4-million ounces, fuelled by the expanding landscape of green economy initiatives. While there was a slight downturn in overall silver... 

Green economy surge pushes 2023 silver industrial demand to new highs

Sun Silver launches IPO to develop Nevada silver deposit

By: Creamer Media Reporter      18th April 2024 New silver explorer and developer Sun Silver on Thursday announced the opening of an initial public offering (IPO) on the Australian bourse, bringing to market its silver and gold project in Nevada, US. The company aims to raise between A$10-million and A$13-million in the IPO. 

Minerals Council South Africa setting out to boost local demand for green hydrogen 

By: Martin Creamer     17th April 2024 Minerals Council South Africa is focused on increasing the domestic demand for green hydrogen, which it sees as contributing to the kickstarting of the hydrogen economy in South Africa. “The applications that we’re looking at are stationary as well as mobility applications of using hydrogen... 

From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha
From left, Dr Rebecca Maserumule, Sietse van der Woude, Zanele Mavusa Mbatha.

South Africa's science, innovation dept launches circular minerals, metals initiative 

By: Darren Parker     11th April 2024 South Africa's Department of Science and Innovation (DSI), through the Council for Scientific and Industrial Research (CSIR), has launched the first of three new government-led collaborative circular economy initiatives focusing on priority economic sectors that were identified by government in... 

DSI technology innovation deputy director general Mmboneni Muofhe
Photo by Creamer Media
DSI technology innovation deputy director general Mmboneni Muofhe

Coeur Rochester achieves commercial production milestone

By: Creamer Media Reporter      10th April 2024 Precious metals miner Coeur Mining has achieved commercial production at its newly-expanded Rochester silver and gold mine, in Nevada, on March 31. The company reported this week that the new three-stage crushing circuit and truck load-out facility had been successfully commissioned on March 7.  

Coeur Rochester achieves commercial production milestone

Altona enters into agreement with Ignate for Botswana copper/silver project

By: Darren Parker     9th April 2024 London-listed Altona Rare Earths has entered into a binding option agreement with Ignate African Mining concerning the exploration for copper and silver on prospecting licence (PL) 2329/2023, called the Sesana project, in Botswana. Situated along the Kalahari Copper Belt (KCB) near other... 

Use underground mines for electricity storage, optimise mine water use – Karst Hydro  

By: Martin Creamer     8th April 2024 South Africa’s many underground mines can be used as batteries that store the clean electricity that the water descending for cooling can provide. At the same time, the local community could end up with a utility that supplies them clean water along with a store of cheap and reliable green energy. 

Karst MD Guy Richards.
Karst interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Mines investing R46m to put an end to fall-of-ground fatalities   

By: Martin Creamer     5th April 2024 South Africa’s mining industry is investing R46-million in an action plan to eliminate fall-of-ground (FoG) fatalities. The FoG action plan is being implemented through Minerals Council South Africa with the assistance of its Rock Engineering Technical Committee, and supported by the South... 

The next breakthrough must be zero fatality
Action plan to end fall of ground fatalities covered by Mining Weekly's Martin Creamer.

South Africa’s ARM to acquire 15% of Canada’s Surge Copper  

By: Martin Creamer     3rd April 2024 Diversified mining company African Rainbow Minerals (ARM) has entered into a subscription agreement for a private placement financing with Surge Copper, a Canadian company that is advancing an emerging critical metals district in British Columbia. ARM will subscribe for 39 608 708 common Surge... 

ARM Executive Chairperson Dr Patrice Motsepe
ARM Executive Chairperson Dr Patrice Motsepe

Gold hits record as silver surges on outlook for Fed rate cuts

By: Bloomberg     3rd April 2024 Gold held near a fresh record and silver hit a two-year high as two Federal Reserve officials said they still expect the US central bank to cut rates three times in 2024, buoying the outlook for the precious metals. Bullion rose to a fresh peak above $2 288 an ounce before trading little... 

Gold hits record as silver surges on outlook for Fed rate cuts

Kavango ‘quietly confident’ Kalahari Copper Belt exploration programme will deliver  

By: Tasneem Bulbulia     2nd April 2024 London-listed Kavango Resources has announced preliminary interpretation results for geophysical survey data on its property in Botswana’s Kalahari Copper Belt (KCB) from South Africa-based New Resolution Geophysics, with basin margins along the KCB considered prospective sites for copper and... 

Initial work shows potential of deposit at Morocco project

By: Tasneem Bulbulia     27th March 2024 Aim-listed Critical Mineral Resources (DMR)has announced positive initial work at its Ifri project, in the Anti-Atlas in Morocco, with prospecting by its geological team demonstrating copper and silver in multiple shear zone and quartz vein structures with some structures containing gold... 

First Majestic starts bullion sales from First Mint 

By: Mariaan Webb     27th March 2024 Silver and gold miner First Majestic has announced the start of bullion sales from its fully-owned and -operated minting facility, in Nevada, US. First Mint vertically integrates a manufacturing plant for investment-grade fine silver bullion into the First Majestic portfolio. 

Mechanical cutting is going to be key for mining going forward – Master Drilling  

By: Martin Creamer     26th March 2024 Mechanical cutting, in which huge progress is being made, is going to be key for the mining industry going forward, Master Drilling CEO Danie Pretorius emphasised on Tuesday, when his Johannesburg Stock Exchange-listed company presented a dividend-yielding set of 2023 full-year results that... 

Master Drilling CEO Danie Pretorius.
Master Drilling CEO Danie Pretorius interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Expect digital unveiling, more innovation, greenness from 100-year-old mining-wired AECI  

By: Martin Creamer     22nd March 2024 Mining explosives and chemicals company AECI, which turned 100 this week, will be unveiling a digital strategy for the mining market during the course of this year. It is also looking to become greener as it keeps innovation closest to its rapidly internationalising heart. 

AECI CEO Holger Riemensperger. Picture: Hush Naidoo.
AECI CEO Holger Riemensperger interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Boliden sees $48m hit to Q1 profit from strike in Finland

By: Reuters     22nd March 2024 Sweden's Boliden expects a hit of around 500-million crowns ($47.6-million) to its first-quarter operating profit from an ongoing industrial strike in Finland, the company said. Of the 500-million crowns, 200-million is due to reduced production and 300-million to delayed deliveries to customers,... 

One of Boliden's mines in Sweden

Stage set for mining explosives centenarian to capture global top-three spot   

By: Martin Creamer     20th March 2024 The stage is set for proudly South African mining explosives trailblazer, AECI, to become the third biggest in its field globally by 2030, AECI Group chairperson Dr Khotso Mokhele told an enthusiastically applauding audience at the Johannesburg Stock Exchange (JSE), where the newly strategised... 

Mining explosives pioneer AECI celebrating 100 years of business at the JSE.
AECI's 100-year celebration covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer. Picture: Hush Naidoo.

Sibanye-Stillwater completes acquisition of Reldan

By: Tasneem Bulbulia     18th March 2024 Diversified miner Sibanye-Stillwater's acquisition of the Reldan Group of Companies has been successfully concluded for a final cash purchase consideration of $155.9-million. Sibanye in November 2023 entered into a purchase agreement to acquire Reldan. 

Gold pushes toward record as test of $2 200 looms on Fed outlook

By: Bloomberg     11th March 2024 Gold rose toward a record on expectations the US Federal Reserve will move to cut interest rates this year as inflation cools. Bullion for immediate delivery edged higher on Monday after rallying almost 5% last week, setting a nominal high on four successive days. Gains on Friday were supported... 

Gold bars

Adriatic opens new $250m mine in Bosnia

By: Mariaan Webb     6th March 2024 ASX-listed Adriatic Metals has officially opened the Vares silver and lead mine, in Bosnia and Herzegovina, with the newly constructed plant producing its first concentrate in late February. The Rupice mine, from which the ore for the Vares processing plant is sourced, started mining in July... 

Adriatic opens new $250m mine in Bosnia

Sibanye-Stillwater highlights its full confidence in price-hit platinum group metals  

By: Martin Creamer     5th March 2024 While the operating environment remains challenging, with macro-economic and geo-political uncertainty persisting, the medium- to long-term view of Sibanye-Stillwater remains largely unchanged on the fundamental outlook for the metals it produces, with the exception of nickel. The Johannesburg-... 

Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater results presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Australian exploration trends shifting, impacting search for new deposits - Amec CEO

By: Creamer Media Reporter      4th March 2024 While Australian mineral exploration expenditure reached a record high in 2023, statistics for the December quarter show that the trends are shifting to a decline in expenditure and metres drilled, with the hardest hit being exploration for new deposits. This is according to  Association of... 

Australian exploration trends shifting, impacting search for new deposits - Amec CEO

Green energy integrated into Harmony Gold operations, uranium surprises on upside  

By: Martin Creamer     29th February 2024 Green electrons are being generated as planned at Harmony Gold’s 30 MW first phase of renewable energy generation, which is now fully integrated into the mining company’s Tshepong South and North operations. This was made clear by Harmony FD Boipelo Lekubo, who spoke to Mining Weekly in a Zoom... 

Harmony Gold FD Boipelo Lekubo.
Harmony Gold FD Boipelo Lekubo interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Harmony Gold board approves R7.9bn project on back of superb half-year results  

By: Martin Creamer     28th February 2024 The board of mining company Harmony Gold has approved the commencement of a R7.9-billion life-of-mine (LoM) extension project at the rich Mponeng gold mine in the West Wits region of South Africa's Gauteng province. Mine life will be extended from seven years to 20 years, ensuring that Mponeng... 

Harmony Gold CEO Peter Steenkamp.
Harmony Gold presentation covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Russia's new silver mine to start selling concentrate in Q3

By: Reuters     28th February 2024 Russia's new silver mine Prognoz, one of two major projects coming online around the world this year, will start selling silver concentrate in the third quarter of 2024, its owner told Reuters on Wednesday. Global silver output from mines is expected to rise by 4% this year to 843-million troy... 

Russia's new silver mine to start selling concentrate in Q3

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... 

Harmony's Moab Khotsong mine
Harmony's Moab Khotsong mine
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