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Silver News

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done has not been enough to change... 

Tivan awarded NT exploration grants

By: Creamer Media Reporter      7th June 2024 The Northern Territory (NT) government has granted Tivan exploration grant funding for two applications made for the Sandover project. The applications were for funding under Round 17 of the Northern Territory geophysics and drilling collaborations programme. 

Foremost to spin out past-producing New Mexico mines

By: Creamer Media Reporter      5th June 2024 The Winston Group of Properties, located in New Mexico, is set for a listing of its own, with Nasdaq- and CSE-listed Foremost Lithium announcing its intention to spin out the gold and silver assets into a new subsidiary. The new unit, to be named Rio Grande Resources (RGR), will own the Winston... 

Foremost to spin out past-producing New Mexico mines

First call applications for R400m junior mining exploration fund close July 12

By: Martin Creamer     4th June 2024 The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources and Energy (DMRE), in partnership with the Council for Geoscience (CGS) and the Industrial... 

Need for quick exploration activity.
Unless exploration increases fast, the vital mining economy will shrink.

Yukon Metals ready to hit the ground running

By: Creamer Media Reporter      4th June 2024 Exploration newcomer Yukon Metals is ready to hit the ground running, president and CEO Rory Quinn said on Monday, announcing the completion of the acquisition of a portfolio of assets from the Berdahl family’s prospecting company. The property portfolio was built over 30 years of prospecting by... 

Yukon Metals' projects overview
Yukon Metals' projects overview

South Africa’s ARM completes strategic investment in Canada’s Surge Copper 

By: Martin Creamer     3rd June 2024 South Africa’s diversified mining company African Rainbow Minerals has secured its 15% strategic shareholding in Surge Copper, a Toronto Stock Exchange-Venture Exchange company that is advancing an emerging critical metals district in British Columbia, Canada. Johannesburg Stock Exchange-listed... 

African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe
African Rainbow Minerals Executive Chairperson Dr Patrice Motsepe

China’s silver imports set to jump as solar demand lifts prices

By: Bloomberg     29th May 2024 Chinese silver imports could surge in coming weeks, as traders take advantage of a jump in demand that’s taken prices well above the international market. Silver’s in a sweet spot because of its dual uses as an industrial metal and a financial asset. It’s an important material in solar panels,... 

China’s silver imports set to jump as solar demand lifts prices

Adriatic to raise $50m

By: Mariaan Webb     28th May 2024 Silver developer Adriatic Metals has announced a $50-million institutional placement to optimise its balance sheet while ramping up the Vares operation in Bosnia and Herzegovina. The company, which is listed on the ASX, LSE and OTCQX, will issue about 18.3-million CHESS depositary interests... 

Adriatic to raise $50m

Sierra Nevada reviews assets, focus shifts to Blackhawk

By: Creamer Media Reporter      28th May 2024 Australia-listed Sierra Nevada Gold has announced a strategic review of its assets, exploring options such as joint ventures, strategic partnerships or project sales. The company has five 100%-controlled projects in Nevada, comprising four gold and silver projects and a large copper/gold... 

Massive water power possibilities in underground mining, says COMRO book editor   

By: Martin Creamer     24th May 2024 When hydropower was being developed for South Africa’s gold-mining industry, the industry was going through a tough time and the research organisation of the day, the Chamber of Mines Research Organisation or COMRO, ceased to function in the form that it had for 30-odd years. Had COMRO continued... 

COMRO book editor Brian Protheroe (right) and Mining Weekly's Martin Creamer (left).
COMRO’S Legacy editor Brian Protheroe interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Hecla appoints interim CEO as Baker resigns

By: Reuters     24th May 2024 Silver producer Hecla Mining on Thursday announced the appointment of Catherine Boggs as interim president and CEO with immediate effect, succeeding Phillips Baker, who is stepping down after 23 years at the company. Boggs, who is currently chairperson, will be assisted in management the affairs... 

Hecla appoints interim CEO as Baker resigns

Latest cadastre agreement excites South Africa’s Junior Indaba panel  

By: Martin Creamer     21st May 2024 There were expressions of excitement at the South Africa’s Junior Indaba on Tuesday when attendees at the important mining event learnt of the signing of the service-level agreement (SLA) for South Africa's long-awaited mining cadastral system, a key tool for orderly mineral exploration... 

Opening Junior Indaba panel (from left) Lili Nupen, Tseliso Maqubela, Errol Smart, Mosa Mabuza, Bernard Swanepoel.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Blackhawk has company-making potential, says Sierra Nevada chair

By: Creamer Media Reporter      21st May 2024 ASX-listed exploration company Sierra Nevada has unveiled a high-grade intercept of up to 1 270 g/t at its Blackhawk ephithermal project, in Nevada, US, and says it plans follow-up drilling in hole BHD006. The company previously identified a large and high-grade intermediate sulphidation... 

Blackhawk has company-making potential, says Sierra Nevada chair

Minerals Council, Geoscience, IDC going all out to boost South African exploration  

By: Martin Creamer     17th May 2024 A collective effort was apparent on Friday when Minerals Council South Africa, the Council for Geoscience and the Industrial Development Corporation (IDC) spoke on the same platform to promote a return to growth in the shrinking South African mining industry. Minerals Council South Africa CEO... 

Minerals Council South Africa CEO Mzila Mthenjane
South African public-private sector exploration webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Hot commodity silver sets pace as demand and deficit drive rally

By: Reuters     17th May 2024 Gold’s record-setting rally may have captured the headlines this year, but it’s silver that’s running harder and faster as the less glamorous metal benefits from robust financial and industrial demand. Silver has soared by almost a quarter in 2024, outpacing gold and making it one of the year’s... 

Hot commodity silver sets pace as demand and deficit drive rally

Sun Silver gleams on ASX debut with Nevada project

By: Creamer Media Reporter      15th May 2024 Nevada-focused Sun Silver on Wednesday listed on the ASX, following an oversubscribed A$13-million initial public offering (IPO). The company’s stock more than doubled on its first day trading on the bourse, closing at A$0.43 a share. “The very high level of investor demand saw us close the IPO... 

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... 

US Gold CEO George Bee
US Gold CEO George Bee

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
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