KGHM, a major copper producer, is preparing to launch the production of cast gold and silver bars at its “Glogow” Copper Smelter, with sales expected to begin between the third and fourth quarters of 2024. Piotr Krzyzewski, KGHM’s deputy CFO, announced during an investor chat that the company is currently focused on establishing the necessary...
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Santacruz reported solid financial and operational results for the second quarter of 2024, driven by strong metal prices and robust production. The company processed 500,755 tonnes of material in Q2, bringing the total for the first half of 2024 to 971,504 tonnes. This resulted in the production of 4,819,552 silver equivalent ounces for the quarter...
READ MOREHecla Mining Company has announced its financial and operational results for the second quarter of 2024, marking significant achievements in silver and gold production. Hecla reported the production of 4.5 million ounces of silver, the second-highest in the company’s history. Lucky Friday Mine achieved its highest silver production since 2000, with 1.3 million ounces, supported...
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On Monday, spot silver experienced a sharp decline, dropping more than 4.5% and falling below the key 100-day moving average. The price closed at $27.23 per ounce after reaching a session low of $26.49. This significant drop reflects a deteriorating risk appetite amid weak U.S. economic data, as noted by FXStreet analyst Christian Borjon Valencia....
READ MOREHindustan Zinc, a leading integrated producer of zinc, lead, and silver under the Vedanta Group, has reported robust financial and operational performance for the first quarter of FY25, ending in June 2024. The company’s revenue from operations rose by 12% year-over-year to ₹8,130 crore, driven by increased metal volume and higher metal and silver prices,...
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GreenX Metals has announced an Earn-in Agreement to acquire a 90% interest in Group 11 Exploration GmbH, a private German company that holds the Tannenberg exploration licence. This project is located in central Germany and is considered highly promising for sediment-hosted copper deposits, specifically the Kupferschiefer type. The Tannenberg exploration licence spans 272 square kilometers...
READ MOREOn Thursday, August 1, spot silver experienced a significant drop, declining more than 2% during the trading session. According to FXStreet analyst Christian Borjon Valencia, the fall in silver prices was driven by recession fears and increased risk aversion among investors. The failure of silver to close above $29.00 per ounce contributed to the bearish...
READ MOREOn Wednesday, spot silver prices surged more than 2% following dovish comments from Federal Reserve Chairman Jerome Powell and heightened tensions in the Middle East. The price of spot silver climbed past the key resistance level of the 100-day moving average (DMA) to close at $28.98 per ounce, marking a 2.15% increase. The Federal Reserve...
READ MOREKorea Zinc, the world’s leading non-ferrous metal smelting company, is celebrating its 50th anniversary with ambitious plans for future growth. The company aims to reach a market capitalization of 70 trillion won ($51 billion) by 2033, supported by a cumulative revenue target of 217 trillion won ($158 billion) from 2023 to 2033. This goal was...
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Spot silver prices surged nearly 2% on Tuesday, July 30, amid escalating geopolitical tensions in the Middle East. FXStreet analyst Christian Borjon Valencia analyzed the technical trends of silver prices, noting the impact of recent events on the market. Spot silver closed the session 1.9% higher at $28.37 per ounce. Valencia pointed out that silver...
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