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Silver News

Approving outstanding permits could shift economy in 12-18 months, says Mzila Mthenjane  

By: Martin Creamer     6th October 2023 If the 5 066 outstanding mining and exploration permits were approved, South Africa could begin to see a shift in the economy within 12 to 18 months, new Minerals Council South Africa CEO Mzila Mthenjane told this week’s Joburg Indaba. In response to questions put to him by ENSafrica’s COO Otsile... 

Fortuna achieves new production record

By: Creamer Media Reporter      5th October 2023 Canada-based miner Fortuna Silver Mines has achieved a new gold production record, with its five mines in West Africa and Latin America producing a combined 128 671 gold-equivalent ounces (GEOs). This is a 38% increase compared with the second quarter and a 26% improvement on the same production... 

Silver Mines appoints new MD

By: Esmarie Iannucci     5th October 2023 ASX-listed Silver Mines has announced the retirement of MD Anthony McClure and the appointment of current non-executive director Jonathan Battershill as MD. McClure will retire from the board at the end of the 2023 calendar year after serving of Silver Mines MD since the company’s... 

Conservation: if business-as-usual continues, world’s doomed – Oppenheimer conference hears  

By: Martin Creamer     4th October 2023 World-renowned conservationist Jane Goodall reminded hundreds of scientists present at the 12th Oppenheimer Research Conference in Midrand that if the world carries on with a business-as-usual approach to conservation, the planet is doomed. “Forests, wetlands, peatlands grasslands, all of which... 

Nicky Oppenheimer.
Oppenheimer Research Conference covered by Mining Weekly’s Martin Creamer. Video: Shadwyn Dickinson. Photographs: Donna Slater

Southern Palladium submits mining right application for Bengwenyama project 

By: Martin Creamer     2nd October 2023 Johannesburg- and Sydney-listed platinum group metals (PGMs) development company Southern Palladium has submitted a mining right application for its 70%-owned Bengwenyama PGM project, on the eastern limb of South Africa’s Bushveld Complex, which contains more than 70% of the world’s known PGM... 

Flashback to last year’s secondary listing of Southern Palladium on the Johannesburg Stock Exchange.
Flashback to last year’s secondary listing of Southern Palladium on the Johannesburg Stock Exchange.

Silver to benefit from solar sector demand once rates peak

By: Reuters     29th September 2023 Robust demand from the solar industry and limited supply growth from mines will buoy silver prices once the period of higher global interest rates is over, analysts said. Silver is both an investment and is consumed in the manufacture of jewellery, electronics and electric vehicles, as well as... 

Silver to benefit from solar sector demand once rates peak

Recycling can leverage Glencore’s strong position in metal marketing – Morgan Stanley 

By: Martin Creamer     26th September 2023 Although Glencore’s earnings contributions from recycling activities are not material at this stage, the growth potential to the diversified mining and marketing company from circular economic activity is seen by Morgan Stanley analysts as being “very significant”. This follows Glencore’s hosting... 

Glencore secondary materials sourcing.
Glencore secondary materials sourcing.

Bell placing strong new emphasis on underground mining equipment advance  

By: Martin Creamer     22nd September 2023 With a legacy spanning decades and a reputation for pioneering advancements, South Africa’s Bell Equipment is now placing strong new emphasis on advancing underground mining equipment. Currently a producer of low-profile underground mining trucks as well as underground rockscalers, Bell is... 

Bell Equipment CEO Leon Goosen.
Bell CEO Leon Goosen interviewed by Mining Weekly’s Martin Creamer. Video: Nicholas Boyd. Video Editing: Darlene Creamer

Sierra’s Cusi silver mine goes on the block

By: Mariaan Webb     21st September 2023 Canadian miner Sierra Metals has placed its Cusi silver mine, in Mexico, on care and maintenance and initiated a process to sell the mine. The Cusi mine is deemed a noncore asset for Sierra, which is transitioning to become a copper-focused mining company. 

Sierra’s Cusi silver mine goes on the block

Coeur's Rochester expansion pours first doré

By: Mariaan Webb     19th September 2023 US-based Coeur Mining on Monday announced several milestones at its major Rochester expansion project, in Nevada, including the production of the first silver and gold ounces. Following a ramp-up period expected to last into early 2024, Rochester is expected to drive a step-change in the... 

The Rochester operation in Nevada
The Rochester operation in Nevada

Lucky Friday production suspended for rest of the year – Hecla

By: Mariaan Webb     18th September 2023 US-based precious metals miner Hecla Mining has suspended production at the Lucky Friday mine, in Idaho, for the remainder of the year, to complete repair work caused by a fire in the mine’s secondary egress, the #2 shaft. The fire has been extinguished and normal ventilation has been... 

Lucky Friday production suspended for rest of the year – Hecla

Adriatic Metals to start output at Bosnia silver mine in November

By: Reuters     18th September 2023  British-based mineral exploration company Adriatic Metals plans to start production at its Vares Silver Project in central Bosnia in November, the first mine to open in Europe in over a decade, its CEO Paul Cronin said in an interview on Monday. Around 800 000 t of polymetallic ore will be dug... 

Global silver demand to fall 9.4% in 2023, Chile's Cochilco says

By: Reuters     14th September 2023 Global demand for silver will decline by 9.4% this year largely due to a drop in investment, but the market will maintain a deficit, according to a report from Chilean state agency Cochilco. "The drop in demand would originate, fundamentally, from the decline in physical investment in silver in... 

Global silver demand to fall 9.4% in 2023, Chile's Cochilco says

New mining school nurturing human capital in anticipation of major upcoming demand   

By: Martin Creamer     12th September 2023 Copper mining company Copper 360, which announced in August that its School of Mining was under development at Concordia operation in the Northern Cape, has launched its first set of courses, aimed at nurturing human capital in anticipation of an expected provincial minerals development surge.... 

School of Mining in operational surroundings.
School of Mining in operational surroundings.

Aya Gold & Silver says Morocco employees safe

By: Creamer Media Reporter      11th September 2023 Toronto-listed Aya Gold & Silver on Sunday reported that employees and contractors at its Zgounder silver mine, 100 km from Marrakech, were safe and that no injury was recorded at the mine. The company issued a statement following the devastating 6.8 magnitude earthquake in the Al-Haouz province... 

ICMM publishes guidance to improve the mining, metals industry’s disclosure of Scope 3 emissions

By: Creamer Media Reporter      7th September 2023 Global metals and mining industry body ICMM has published a 'Scope 3 Emissions Accounting and Reporting Guidance', which provides a standardised framework for mining and metals companies to calculate and disclose their value chain emissions. With this document, ICMM aims to improve transparency... 

ICMM CEO Rohitesh Dhawan
ICMM CEO Rohitesh Dhawan

Hochschild revises down production guidance for FY23

By: Marleny Arnoldi     6th September 2023 London-listed precious metals producer Hochschild Mining has lowered its production guidance and increased its cost forecast for the year, citing environmental approval delays on the Immaculada project, in Peru, and accelerated mine development costs at the San Jose project, in Argentina. The... 

Hochschild revises down production guidance for FY23

Hecla reports fire at Lucky Friday mine

By: Mariaan Webb     21st August 2023 Production at the Lucky Friday mine, in Idaho, has come to a halt, after a fall-of-ground incident caused an underground fire, silver miner Hecla Mining reported on Monday. The incident occurred in the mine’s number two shaft – a secondary egress – at an unused station that was under repair.... 

Hecla reports fire at Lucky Friday mine

Russian miners, Chinese investors interested in Polymetal's Russian assets -FT

By: Reuters     21st August 2023 Russian miners and Chinese investors are among the parties interested in buying gold and silver producer Polymetal International's Russian assets, CEO Vitaly Nesis told the Financial Times. Polymetal had considered spinning off its Russian business after re-domiciling to Kazakhstan from Jersey,... 

Coeur lowers gold guidance

By: Mariaan Webb     14th August 2023 Precious metals miner Coeur Mining has maintained its 2023 silver production guidance, but lowered its gold forecast for the year, citing second-quarter challenges at its Kensington mine, in Alaska. The company expects to produce between 10-million and 12-million ounces of silver this year. Gold... 

The Kensington mine in Alaska
The Kensington mine in Alaska

Aterian raises £1m, announces newly granted prospects

By: Marleny Arnoldi     10th August 2023 London-listed Aterian has been granted two substantial exploration projects, as well as several new exploration licences adjacent to existing projects in Morocco. In total, ten new licences have been granted for an area just under 140 km2 in size, with Aterian now holding 17 projects in the... 

Adriatic raises cash for Bosnia exploration

By: Esmarie Iannucci     10th August 2023 ASX- and LSE-listed explorer Adriatic Metals this week raised $30-million to fund an expanded and accelerated exploration programme at its Rupice and Rupice Northwest deposits, at the Vares silver project in Bosnia. The company placed more than 14.77-million new shares at £1.70 each,... 

Galena marks milestone at Abra

By: Esmarie Iannucci     4th August 2023 The Abra base metals mine, in Western Australia, has become cash flow positive, marking a major milestone for owner Galena Mining. Galena on Friday reported that during July, concentrate shipments from Abra had reached 9 254 t with the project generating some A$17-million in revenues, with the... 

Lynn Lake key to Alamos’ growth aspirations

By: Mariaan Webb     3rd August 2023 Precious metals miner Alamos Gold has the potential to sustain 650 000 oz/y of production in Canada, with the Lynn Lake project, in Manitoba, being an important part of its long-term plans, says CEO John McCluskey. “Good projects are becoming increasingly rare, especially within top... 

A new feasibility study for Lynn Lake details plans for a larger, longer-life operation.
A new feasibility study for Lynn Lake details plans for a larger, longer-life operation.

Aton reports ‘encouraging’ results from metallurgical testing at Rodruin

By: Cameron Mackay     28th July 2023 Preliminary metallurgical testwork results from the Rodruin gold-polymetallic sulphide mineralisation are encouraging and indicate that saleable copper and zinc concentrates can be produced, gold development company Aton Resources interim CEO Tony Vahk reports. “The copper concentrate, in... 

Challenge of producing green hydrogen economically has been met – Natascha Viljoen   

By: Martin Creamer     26th July 2023 The challenge of producing green hydrogen economically is now done and dusted. “That box has been ticked,” Anglo American Platinum CEO Natascha Viljoen assured Mining Weekly in a Zoom interview. (Also watch attached Creamer Media video.) 

Anglo American Platinum CEO Natascha Viljoen.
Outgoing Anglo American Platinum CEO Natascha Viljoen interviewed by Mining Weekly's Martin Creamer. Video: Dalene Creamer.

Hochschild reports lower q/q production

By: Creamer Media Reporter      26th July 2023 Precious metals miner Hochschild has reported a quarter-on-quarter drop in gold and silver production, owing to a temporary delay at the Inmaculada mine, in Peru. The London-listed miner delivered attributable production of 72 364 gold-equivalent ounces (GEO), or six-million silver-equivalent... 

Mintek Metallurgy receives new atomisation, alloy development equipment

By: Schalk Burger     25th July 2023 Mining and minerals technology research organisation Mintek has received an Amazemet rePowder ultrasonic atomisation and alloy development system, which can be used to create metal powder from any alloy in any feedstock form, even in small quantities. Mintek Advanced Materials Division chief... 

South32 warns of massive impairment at Arizona project

By: Esmarie Iannucci     24th July 2023 Diversified miner South32 on Monday warned of a near $1.3-billion non-cash impairment expense in relation to the Taylor zinc/silver/lead deposit, at its Hermosa project in Arizona, in its 2023 financial results. The company told shareholders that recently completed study work had confirmed... 

The Hermosa project, in the US.
The Hermosa project, in the US.

Excellon’s La Negra acquisition terminated, two board members resign

By: Mariaan Webb     21st July 2023 Toronto-listed Excellon Resources’ acquisition of the past-producing La Negra mine, in Mexico, had fallen through, the company announced on Thursday, explaining that the seller had unexpectedly issued it with a notice to terminate the transaction. Excellon in January announced it was buying the... 

Hecla stays on track for 2023 silver guidance

By: Mariaan Webb     14th July 2023 Prominent North American silver producer Hecla Mining remains firmly on course to meet its silver target for the year, while its gold output guidance at the Casa Berardi mine, in Canada, will be updated at a later stage, owing to wildfire-related production interruptions The company, which mines... 

The Greens Creek mine, in Alaska
The Greens Creek mine, in Alaska

Hecla cements Yukon position with ATAC buy

By: Creamer Media Reporter      11th July 2023 NYSE-listed Hecla Mining has cemented its potion in the Yukon with the acquisition of ATAC Resources, a company with properties stretching over 1 830 km2 in Canada’s westernmost territory. Hecla on Monday announced the completion of the acquisition, having paid $18.8-million in common stock for... 

The world's appetite for solar panels is squeezing silver supply

By: Bloomberg     3rd July 2023 Changes to solar panel technology are accelerating demand for silver, a phenomenon that’s widening a supply deficit for the metal with little additional mine production on the horizon. Silver, in paste form, provides a conductive layer on the front and the back of silicon solar cells. But the... 

The world's appetite for solar panels is squeezing silver supply

Clean hydrogen could be virtually zero cost, US energy diplomat tells London Indaba 

By: Martin Creamer     30th June 2023 The main founders of the Inflation Reduction Act envision the US legislation as a clean energy bill to lower the costs of green energy technologies for everyone around the world as well as being emulated by especially those countries that have benefitted from emitting carbon into the air since... 

US Department of State Bureau of Energy Resources Office of Energy Transformation acting director Scott Woodard.
US Department of State Bureau of Energy Resources Office of Energy Transformation acting director Scott Woodard.

Private sector working with government on multiple work streams to end loadshedding  

By: Martin Creamer     29th June 2023 The private sector is so far working with government on six of the ten energy crisis work streams, for which business raised R100-million to procure skills and expertise for donation on an arm's length basis to the Presidency, within which the National Energy Crisis Committee (Necom) is housed.... 

Business for South Africa chairperson Martin Kingston
Business for South Africa chairperson Martin Kingston interviewed by Martin Creamer. Video: Darlene Creamer.

Green hydrogen presenting South Africa with good target point – Nedbank  

By: Martin Creamer     22nd June 2023 Green hydrogen is presenting South Africa with a good target point at a time when the African continent is on the cusp of a massive revolution in the energy space. “For South Africa in particular, the ability to transition through less carbon intensive fuel sources ultimately to green hydrogen is... 

Nedbank Corporate and Investment Banking infrastructure, energy and telecommunications head Mike Peo.
Nedbank CIB Energy Head Mike Peo interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Hecla fined for hazardous waste management at silver mine in Alaska

By: Reuters     15th June 2023 Hecla Mining was fined $143 124 for violating hazardous waste management and disposal requirements under the Resource Conservation and Recovery Act, the Us Environmental Protection Agency (EPA) said on Wednesday. The violation occurred at Hecla's Greens Creek mine in Alaska, which is the largest... 

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

I’ll somehow re-emerge in the mining sector at some point in the future, says Baxter  

By: Martin Creamer     13th June 2023 I’ll somehow re-emerge in the mining sector at some point in the future, outgoing Minerals Council South Africa CEO Roger Baxter said on Tuesday, when spoke to Mining Weekly in a Teams interview. At the end of this month, Baxter will hand over to incoming CEO Mzila Mthenjane, who will inherit a... 

Minerals Council South Africa CEO Roger Baxter 
.
Outgoing Minerals Council South Africa CEO Roger Baxter interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.
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