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Silver News

Make green hydrogen part of official economic recovery plan, Dept of Science and Innovation urges  

By: Martin Creamer     26th October 2022 South Africa should leverage the hydrogen opportunity as part of its official economic reconstruction and economic recovery plan. Dr Cosmas Chiteme, the director of hydrogen and energy at Department of Science and Innovation, highlighted this as the top key message on the way forward at the... 

Fresnillo nears commissioning of new silver mine

By: Mariaan Webb     26th October 2022 Commissioning of the new Juancipio mine has encountered a slight delay, Mexican precious metals miner Fresnillo reported on Wednesday, explaining that the tie-in of the pyrites plant to the national grid had been extended by a few weeks. State-owned electricity regulator CFE has requested... 

Aya secures $100m debt for Morocco silver expansion

By: Mariaan Webb     26th October 2022 Canada-based Aya Gold & Silver has secured $100-million in debt financing to support the expansion of the Zgounder silver mine, in Morocco. The European Bank for Reconstruction and Development will provide a senior debt facility of $92-million, while the Climate Investment Funds, through its... 

Miners welcome Budget outcomes

By: Esmarie Iannucci     26th October 2022 The resources sector has welcomed the federal government’s Budget, but has warned that policy changes could have a negative impact on future investments. The Budget papers point out that higher commodity prices are expected to drive near-term tax receive forecasts on the back of stronger... 

Kavango to raise a further £500 000

By: Creamer Media Reporter      25th October 2022 LSE-listed Kavango Resources has entered into a strategic financing agreement to raise a further £500 000. Under the terms of the agreement, the company, which explores for base and precious metals in Botswana, will issue about 27.78-million shares to strategic investor Arigo Capital. 

Gold Fields board recommends Yamana transaction 

By: Martin Creamer     24th October 2022 The board and management team of Gold Fields have unanimously recommended the implementation of the Yamana Gold transaction, Gold Fields chairperson Yunus Suleman stated in a letter to shareholders on Monday. An independent evaluation has estimated Yamana's mineral asset value at between... 

Gold Fields chairperson Yunus Suleman.
Gold Fields chairperson Yunus Suleman.

Americas Gold and Silver tracking towards upper end of guidance; ups Galena hoist capex

By: Mariaan Webb     21st October 2022 North American precious metals producer Americas Gold and Silver expects its 2022 production to be at the upper-end of its guidance of 4.8-million to 5.2-million silver-equivalent ounces and says its production will rise to between 7-million and 7.4-million ounces in 2024. “The company... 

First Majestic sets new quarterly production record

By: Mariaan Webb     19th October 2022 Vancouver-based First Majestic produced a record 8.8-million silver-equivalent ounces in the third quarter ended September 30, mainly driven by higher grades at the San Dimas and Santa Elena mines, in Mexico.   This is a 14% quarter-on-quarter increase, CEO Keith Neumeyer reported on Tuesday.... 

Sasol/Saldanha sign MoU for green hydrogen hub in Western Cape

By: Martin Creamer     18th October 2022 Integrated energy and chemicals company Sasol, already a seasoned grey hydrogen producer, and Freeport Saldanha Industrial Development Zone on Tuesday announced the signing of a memorandum of understanding  (MOU) to facilitate a green hydrogen hub in the Western Cape. In terms of the MOU, the... 

Freeport Saldanha CEO Kaashifah Beukes.
Freeport Saldanha CEO Kaashifah Beukes.

Enabling exploration is urgently needed to put South African mining back in ‘sunrise’ mode  

By: Martin Creamer     17th October 2022 High on the list of the steps that must be taken to stop South African mining from fading further into sunset mode is free access to geological information from State institutions such as the Council for Geoscience. Next is the provision of a modern, functional, and transparent mineral cadastre... 

Botswana Diamonds CEO James Campbell.
Botswana Diamonds CEO James Campbell interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Equus halts stockpile processing in Chile

By: Esmarie Iannucci     17th October 2022 ASX-listed Equus Mining will suspend stockpile processing operations at its Cerro Bayo gold/silver project, in Chile, placing the processing infrastructure on care and maintenance. The company on Monday said that this decision has been made after significant effort over the last few months to... 

Shell consortium accelerating electrification of mine haul trucks  

By: Martin Creamer     12th October 2022 Transitioning oil, gas, fuels and lubricants company Shell has established a nine-member consortium to create electrification solutions for mining sites. The electrification offers a shift away from reliance on diesel. (Also watch attached Creamer Media video.) 

Shell VP Sectoral Decarbonisation & Innovation Grischa Sauerberg.
Shell decarbonisation webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer

Endeavour Silver expects to meet upper-end of guidance

By: Creamer Media Reporter      12th October 2022 Mexico-focused Endeavour Silver said on Monday that its yearly production was trending towards the upper-end of its guidance range for the year, forecasted at 7.6-million to 8-million silver-equivalent ounces. Consolidated silver production increased 12% year-on-year to 1.46-million ounces in... 

Hecla Mining increases its guidance

By: Mariaan Webb     12th October 2022 NYSE-listed Hecla Mining has reported another strong quarter of operational performance from all three its mines, with silver output of 3.6-million ounces placing the company on track to exceed its full-year guidance. Gold production of 44 747 oz was in line with the second-quarter’s output. 

Development is only conversation South Africa should be having, Cutifani tells Joburg Indaba  

By: Martin Creamer     6th October 2022 Development is the only conversation that South Africa should be having, former Anglo American CEO, director and consulting business executive Mark Cutifani said amid strong applause at the Joburg Indaba on Thursday – and mining should be recognised as an industry that can serve as a very... 

Former Anglo America CEO, director and consulting business executive Mark Cutifani.
Mark Cutifani’s address to the Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africa’s geological prospectivity fantastic, says Minerals Council CEO  

By: Martin Creamer     5th October 2022 South Africa’s geological prospectivity is fantastic, Minerals Council South Africa CEO Roger Baxter told the Joburg Indaba on Wednesday. This is so even though only 15% of South Africa's surface area has been mapped at a high-resolution 50 000-to-1 geophysical level, and even though this... 

Minerals Council South Africa CEO Roger Baxter.
Minerals Council South Africa CEO Roger Baxter at Joburg Indaba covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Helping world transition to net-zero carbon is mining's biggest opportunity, says Minerals Council president 

By: Martin Creamer     5th October 2022 The biggest opportunity mining has as an industry is to help the world to transition to a net-zero carbon world, Minerals Council South Africa president Nolitha Fakude said on Wednesday. Fakude, who is also chairperson of Anglo American's management board in South Africa, highlighted this during... 

Minerals Council South Africa president Nolitha Fakude.
Minerals Council South Africa president Nolitha Fakude.

Palladium discovery at Arizona silver mine a potential ‘game-changer’, says Silver Bullet

By: Mariaan Webb     4th October 2022 TSX-V-listed Silver Bullet Mines (SBMI) has made a surprise discovery of significant quantities of palladium and gold in the mineralised material from its Buckeye silver mine, in Arizona, which CEO John Carter says could be a “game changer” for the company. The gold and palladium were discovered... 

Sabina makes first drawdown on $125m gold stream

By: Creamer Media Reporter      29th September 2022 Precious metals company Sabina Gold & Silver has drawn $31.25-million on its $125-million gold stream facility with Wheaton Precious Metals. The proceeds of the stream are being used to continue development and construction of the Goose mine at its 100%-owned Back River gold district, in Nunavut. 

Minerals Council ‘absolutely adamant’ about need for commercially available cadastre  

By: Martin Creamer     29th September 2022 The key objective of transparency in applying for prospecting rights and mining rights – and openly managing them – can be enabled by a commercially available cadastre system. While South Africa does not have such a cadastre, fellow African countries that are already thriving on it include... 

Minerals Council South Africa’s Junior and Emerging Miners Desk head Grant Mitchell.
Grant Mitchell: Minerals Councll Junior and Emerging Miners Desk webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Metals for cleaner future being turned to account in minerals-endowed Northern Cape 

By: Martin Creamer     28th September 2022 South Africa’s critical minerals potential is being highlighted in an increasingly promising manner by Orion Minerals, the Sydney- and Johannesburg-listed company that is showing the way in the minerals-endowed Northern Cape. Orion, headed by its Boksburg-born CEO Errol Smart, is poised to bestow... 

Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.
Orion Minerals reaping rewards from South Africa's minerals-endowed but under-explored Northern Cape.

Green hydrogen, fuel cells important part of any future energy system, says global strategist  

By: Martin Creamer     27th September 2022 Green hydrogen and fuel cells will be a very important part of any future energy system, says Switzerland-based energy and sustainability consultancy strategist Dr David Hart. Among the electrolysers that convert renewable electricity into green hydrogen are proton exchange membrane (PEM)... 

Dr David Hart, E4tech.
E4tech’s Dr David Hart interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

South Africans urged to turn exploration into Big Hairy Audacious Goal   

By: Martin Creamer     24th September 2022 South Africans have been urged to rally around exploration as this country's Big Hairy Audacious Goal – a BHAG – so that what is described as "our lowest hanging economic fruit" can be turned to positive account. Council for Geoscience CEO Mosa Mabuza, who was speaking in support of the junior... 

Council of Geoscience CEO Mosa Mabuza.
Council for Geoscience CEO Mosa Mabuza, covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

New fund-raising product appropriate for junior miners, says JSE  

By: Martin Creamer     23rd September 2022 The JSE has a new product that is appropriate for fund-raising by junior mining companies, JSE origination and deals head Sam Mokorosi said on Friday. Mokorosi, who was speaking at Minerals Council South Africa’s Junior and Emerging Miners Desk webinar, highlighted the new product against the... 

JSE origination and deals head Sam Mokorosi.
Minerals Council South Africa’s Junior Miner Webinar covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

World’s largest battery-electric mine truck heading for commercial availability in 2024   

By: Martin Creamer     21st September 2022 The world’s largest battery-electric truck for underground mining is on its way to becoming commercially available in 2024. Sandvik’s 65 t TH665B machine removes between 1 t and 2 t of carbon dioxide (CO2) a day, along with heat and noise. 

Jakob Rutqvist, Sandvik VP strategy and commercial for battery and hybrid/electric-vehicles business unit of Sandvik Mining & Rock Solutions.
Sandvik VP Jakob Rutqvist interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Minerals Council urges faster inclusion of private electricity suppliers 

By: Martin Creamer     19th September 2022 The Minerals Council South Africa supports President Cyril Ramaphosa’s electricity recovery plan and urges more rapid private sector participation in resolving the country’s deepening electricity crisis. Minerals Council members have 6 500 MW of embedded energy projects in the pipeline which will... 

Minerals Council South Africa CEO Roger Baxter.
Minerals Council South Africa CEO Roger Baxter.

Kavango acquires an additional 65% in LVR JV

By: Darren Parker     16th September 2022 Botswana-focussed metals exploration company Kavango Resources has completed the acquisition of a further 65% of the LVR joint venture (JV) through the execution of a sale purchase agreement with exploration company LVR GeoExplorers. The acquisition takes Kavango's holding in the LVR JV to 90%... 

Fresnillo expects to launch Juanicipio mine operations in October

By: Reuters     14th September 2022 Mexican precious metals miner Fresnillo said Tuesday it expects to begin operating a mine in central Mexico owned by Canada's Mag Silver by the end of October, following months of delays. Fresnillo, the world's leading silver producer, and Mag Silver had agreed in April 2019 to develop the... 

Excellon ‘at inflection point’; considers German spin-out

By: Mariaan Webb     13th September 2022 Toronto- and New York listed Excellon Resources is considering spinning out its Silver City project, in Saxony, Germany, to shareholders as a new European-focused greenfields exploration company, the miner reported on Monday. “The company is at an inflection point, where to continue growing we... 

Aya moves to 100% ownership of Morocco silver mine

By: Mariaan Webb     13th September 2022 Canada-based Aya Gold & Silver on Monday announced a transaction with the government of Morocco, which not only increased its ownership of the Zgounder silver mine to 100%, but also the review and evaluation of additional exploration ground in the country. The TSX- and OTCQX-listed company... 

Ministers follow President in visiting Jagersfontein diamond disaster area

By: Martin Creamer     12th September 2022 Following the visit of President Cyril Ramaphosa to the Jagersfontein-Charlesville area in the Free State, Minerals Resources and Energy Minister Gwede Mantsashe will today visit the diamond tailings deposition dam that burst its banks, killing at least one person and destroying homes. Mineral... 

Google map of the Jagersgontein tailings dam, which has burst its banks.
Photo by Google Maps
Google map of the Jagersgontein tailings dam, which has burst its banks.

One-year payback on Eskay Creek’s C$592m capex

By: Mariaan Webb     9th September 2022 The feasibility study for the Eskay Creek gold/silver project, in the Golden Triangle of British Columbia, has delivered robust economics, with an aftertax internal rate of return (IRR) of 50.2% and an industry-leading one-year payback on preproduction capital of C$592-million. Using a gold... 

One-year payback on Eskay Creek’s C$592m capex

Sabina formally commits to building C$610m Nunavut mine

By: Mariaan Webb     7th September 2022 Canadian company Sabina Gold & Silver has formally committed to building the C$610-million Goose mine in Nunavut, with full construction set to start in 2023 and first production in 2025. The Goose mine is Sabina’s first mine on the 80-km long Back River gold district, a multi-generational... 

Sabina formally commits to building C$610m Nunavut mine

Cash-strapped Great Panther files for creditor protection, idles Brazil mine

By: Mariaan Webb     7th September 2022 Precious metals miner Great Panther Mining on Tuesday filed for creditor protection, as the company warned that it would likely default on several material debtor agreements owing to liquidity constraints. The TSX-listed miner also announced that it would place its Tucano gold and silver mine,... 

Cash-strapped Great Panther files for creditor protection, idles Brazil mine

Underground resource estimated at Bowdens

By: Esmarie Iannucci     5th September 2022 Junior Silver Mines has reported a maiden mineral resource of 42.9-million ounces of silver equivalent at the Bowdens underground project, in New South Wales. The underground mineral resource estimate resulted from 34 942 m of diamond drilling completed in 2021 and 2022.  

Silver Bull option agreement with South32 scuppered by illegal blockades

By: Creamer Media Reporter      2nd September 2022 Mineral exploration and development company Silver Bull Resources has announced the termination of an option agreement with a subsidiary of South32, citing the illegal blockades at the Sierra Mojada project, in Mexico. The ongoing blockades are preventing South32 from progressing exploration... 

i-80 makes high-grade silver-rich discovery at Ruby Hill

By: Mariaan Webb     31st August 2022 Dual-listed i-80 Gold has discovered high-grade, silver-rich polymetallic carbonate replacement (CRD) mineralisation in drilling at the Hilltop target at Ruby Hill in Nevada, which the company believes offers a substantial opportunity. Hilltop is one of five conceptual exploration targets... 

Endeavour Silver appoints new chairperson

By: Creamer Media Reporter      30th August 2022 Midtier precious metals miner Endeavour Silver lead director Rex McLennan has stepped into the position of chairperson to replace Bradford Cooke, who passed away last week. McLennan joined the company as an independent director in June 2007, appointed as chairperson of the audit committee. As an... 

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