EV Resources is investigating previously unknown porphyry copper potential at its Khartoum project in Queensland, following strong new rock chip results. The company reported high-grade findings, including up to 71% copper and 874 grams per tonne silver, indicating the possibility of large-scale copper, molybdenum, and silver porphyry targets. The company is reviewing its extensive database...
READ MORE
Silver has emerged as one of the best-performing asset classes year-to-date, delivering a 24.7% return, surpassing gold’s 17% gain. This impressive performance is largely driven by robust industrial demand and supply constraints. Approximately 60% of silver’s total demand stems from industrial applications. Recent years have seen a significant uptick in this demand, particularly due to...
READ MOREOn Wednesday, July 17th, spot silver experienced a significant decline, falling by 3% despite the dollar’s weakness. According to FXStreet analyst Christian Borjon Valencia, the drop was driven by profit-taking, pushing silver prices below $31.00 per ounce. Spot silver closed at $30.29 per ounce, marking a 3.01% decrease, with prices reaching a session low of...
READ MORE
Spot silver prices jumped by more than 2% due to weak U.S. Consumer Price Index (CPI) data, triggering a sell-off of the U.S. dollar. FXStreet analyst Christian Borjon Valencia has analyzed the technical trends of silver prices in a new article released on Friday. Valencia noted that silver prices exhibited a ‘double-bottom’ pattern. The weaker-than-expected...
READ MORENew copper projects are set to bring additional production to the market over the next decade, but supply growth is likely to lag behind demand due to the green-energy transition, according to BMI, a unit of Fitch Solutions. Projects in Congo and Chile are expected to boost copper production from an estimated 27.8 million metric...
READ MOREEndeavour Silver has announced its second quarter 2024 production results, revealing a total output of 1,312,572 ounces of silver and 10,549 ounces of gold, translating to 2.2 million silver equivalent ounces (AgEq). The company’s year-to-date production has reached 4.4 million AgEq ounces, aligning with the upper range of the full-year 2024 production guidance of 8.1...
READ MOREHindustan Zinc, an integrated producer of zinc, lead, and silver under the Vedanta Group, reported its production and financial results for the first quarter of FY25. The company noted that mined metal production aligned with annual mine preparation activities, resulting in a 12% quarter-on-quarter (QoQ) decrease. Refined metal production reached 262,000 tonnes, showing a 1%...
READ MORE
Gold may face continued pressure due to a stronger dollar and higher bond yields, despite support from global ETF inflows and expectations of Federal Reserve rate cuts, analysts suggest. Conversely, silver prices could reach Rs 1 lakh per kilogram this year. The outlook for other base metals remains muted due to an oversupply situation. Last...
READ MORE
Spot silver prices experienced a significant decline on Tuesday, dropping more than 2% and falling below the $29.00 per ounce mark. FXStreet analyst Christian Borjon Valencia provided a technical analysis of the silver price trend in his latest article. Valencia attributes the drop to hawkish comments from Federal Reserve Governor Michelle Bowman, which caused silver...
READ MOREKGHM, a major player in the mining industry, released its preliminary production and sales results for May, showing a mixed performance across various metals. The production of payable silver stood at 119.1 tonnes, marking a 4% decrease from the same period last year, which translates to a reduction of 4.7 tonnes. Silver sales saw a...
READ MORE
Despite the dollar’s weakness, spot silver prices faced a decline on Monday, approaching the crucial $29.00 per ounce mark. According to FXStreet analyst Christian Borjon Valencia, the technical outlook for silver indicates further potential weakness. Valencia notes that the rise in US Treasury yields, driven by hawkish comments from Fed officials, has exerted downward pressure...
READ MOREOn Thursday, spot silver prices tumbled, losing the $29.00 per ounce mark due to pressure from a surging dollar. FXStreet analyst Christian Borjon Valencia provided a technical analysis of the silver price trend on Friday. Valencia noted that silver prices have fallen sharply over the past six days, losing more than 7%. On Thursday, silver...
READ MOREEmerita Resources has provided an update on the metallurgical testing program for its wholly-owned Iberian Belt West (IBW) Project. Conducted in collaboration with Wardell Armstrong International and SRK Consulting, Phase I of the program aimed to demonstrate the production of commercial-grade concentrates from the La Romanera and La Infanta deposits, which are part of the...
READ MORE
Oracle Power has exercised its option to acquire 100% of the Blue Rock Valley Copper and Silver Project in Western Australia, following the completion of due diligence. The acquisition, valued at GBP 200,000, is subject to Western Australian government approval. Located in the Ashburton Basin, 165km southeast of Onslow, Blue Rock boasts high-grade copper and...
READ MORE
Spot silver prices tumbled by more than 4% on Tuesday, June 4, closing at $29.468 per ounce. This decline, highlighted by FXStreet analyst Christian Borjon Valencia, came as traders took profits and silver fell below key support levels, confirming a “double top” pattern. The target for this pattern is $27.80 per ounce. Valencia pointed out...
READ MORE
The metallic minerals sector in the Philippines experienced a slow start in the first quarter of 2024, with production value down 12.76 percent compared to the same period last year. The Department of Environment and Natural Resources (DENR) reported that the value of domestic metallic mineral production fell to P51.81 billion (approximately $880.77 million) from...
READ MORESpot silver prices plunged by 2.5% on Thursday, nearing the $31.00 per ounce mark. FXStreet analyst Christian Borjon Valencia analyzed the technical outlook for silver, noting the sharp decline despite falling US Treasury yields. On Thursday, spot silver closed down 2.51% at $31.15 per ounce, while the yield on the 10-year U.S. Treasury note fell...
READ MORESpot silver closed down 0.41% at $31.95 per ounce on Wednesday, after hitting an intraday low of $31.59 per ounce. The decline followed a slight rise in U.S. Treasury yields, which exerted downward pressure on the precious metal. Silver prices had retreated after reaching a six-day high of $32.29 per ounce earlier in the session....
READ MOREIMPACT Silver has published its Management’s Discussion and Analysis (MD&A) for the three months ended March 31, 2024. This document, prepared as of May 27, 2024, should be read alongside the company’s annual audited consolidated financial statements for the year ended December 31, 2023, and the related notes. All figures are in Canadian dollars unless...
READ MORE
Anglo Asian Mining, an established producer of gold, copper, and silver in Azerbaijan, has released its annual report for the year ending December 31, 2023. The company produced a total of 31,821 gold equivalent ounces (GEOs) during the year, a decrease from the 57,618 GEOs produced in 2022. Despite the lower production, the company remains...
READ MOREGold and silver prices are higher, with silver showing significant gains in early U.S. trading Tuesday. Positive daily outside-market forces are supporting the bulls at the start of the U.S. trading week. The U.S. dollar index is lower, and crude oil prices are higher. June gold increased by $14.30 to $2,348.80, while July silver rose...
READ MOREGold Royalty has entered into a binding purchase and sale agreement with OMF Fund III (Cr), managed by Orion Mine Finance Management LP, to acquire a copper stream on the Vares Silver Project in Bosnia and Herzegovina. The project is operated by a subsidiary of Adriatic Metals. The transaction, valued at $50 million, includes $45...
READ MORE
Spot silver prices experienced a significant surge of more than 4%, closing at $31.60 per ounce on Monday. This strong upward movement was highlighted in FXStreet analyst Christian Borjon Valencia’s latest article on the technical outlook for silver prices. According to Valencia, silver prices rebounded sharply from a low of $30.25/oz amid thin liquidity conditions....
READ MORE
On Wednesday, May 22, spot silver prices plunged by nearly 3.7%, falling below the $31 per ounce mark. FXStreet analyst Christian Borjon Valencia highlighted the technical trend of silver prices, noting a significant decline influenced by hawkish Federal Reserve minutes. Silver prices dropped more than 3.50% after reaching a daily high of $32.19 per ounce,...
READ MORE
