Sierra Metals puts Cusi silver mine up for sale as it pivots to copper
Sierra Metals (TSX: SMT) is placing its Cusi silver mine in Mexico on care and maintenance and has started the process to sell the mine amid the company’s shift towards…
Silver
US government mulls 50-year mining ban in northern New Mexico
The US government is proposing to ban mining and oil drilling in northern New Mexico for up to 50 years as part of the Biden administration ongoing efforts to protect Native…
Silver and PGMs snapshot: Eight firms seeking the green energy metals
Rising demand for critical minerals for electric vehicles, stricter emission standards for gasoline-driven engines; and a global shift toward greener energy including silver-intensive solar panels are driving exploration for platinum…
Adriatic Metals to begin silver production in Bosnia in November
Adriatic Metals (LSE: ADT1; ASX: ADT) said on Monday that it’s ready to kick off production at its Vares silver project in central Bosnia in November, which will make the…
First Majestic shares rise as it gets into the minting business
Shares of precious metals producer First Majestic Silver (TSX: FR; NYSE: AG) were up 5% on Friday after it announced it has opened a 100%-owned and operated minting facility in…
Gold Fields cuts production targets in Chile on project delay
Shares in Gold Fields (NYSE: GFI; JSE: GFI) took a hit on Friday after the South African miner said it will pour first gold at its Salares Norte project in…
Beaver Creek: Wide disconnect between equities and commodity prices offers buying opportunity
The discrepancy between mining company valuations and commodity prices is at its worst levels in decades, the Precious Metals Summit in Colorado heard this week. “This is probably the worst…
Quebec Snapshot: Eight companies exploring for gold and battery metals
Canada’s largest province by land mass hosts mineral-rich deposits in undeveloped remote areas as well as projects connected to the southern road network. Here’s a glimpse of eight companies advancing…
Beaver Creek: Critical minerals shine at precious metals summit
The mining sector, a longstanding pillar of the global economy and even more important now with rising attention to critical metals and secure supply in Western nations, is facing emerging…
Scotgold halts trading as firm’s future in limbo
Trading of Scotgold Resources (LSE: SQZ) shares was halted Monday amid the “highly uncertain” outcome of funding discussions. The company pursuing what could be Scotland’s first commercial gold-silver mine said that while…
Abandoned Minto mine in Yukon put up for sale
The idled Minto mine in central Yukon, which began operations in 2007 and produced about 500 million lb. of copper since, is officially up for sale. PricewaterhouseCoopers, acting as the…
Hochschild cuts production targets after pre-tax loss
Hochschild Mining (LSE: HOC) lowered on Wednesday its full-year production guidance after swinging to pre-tax losses of US$66.1 million ($90.3 million) in the half-year compared with a profit of US$5.4…