Griffin Mining has announced a substantial increase in revenue for 2023, reporting $146.02 million compared to $94.4 million in 2022. The AIM-traded firm’s gross profit rose to $51.84 million from $38.25 million year-on-year, while earnings before depreciation, interest, and tax increased to $51.86 million, up from $35.22 million the previous year. Operating profit saw a...
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Silver One Resources has announced the discovery of new large silver vein fragments along the major east-west 417 vein structure, expanding the area of potential mineralization by over 600 meters to the west of the previously discovered 417-pound silver vein fragment. This fragment was estimated to contain over 70% silver. The newly found fragments include...
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Polymetals Resources has finalized revised agreements for the acquisition of the Endeavor Silver, Zinc, and Lead Mine from CBH Resources, a subsidiary of Toho Zinc. This development brings the mine closer to resuming production. Key aspects of the agreement include a deferment of the exchange of the Endeavor Mine Rehabilitation Bond for up to two...
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Iluka Resources CEO Warns of China’s ‘Weaponization’ of Rare Earths Market Tom O’Leary, CEO of Iluka Resources, issued a stark warning about China’s strategic manipulation of the rare earths market during the company’s annual shareholder meeting in Perth. O’Leary described China’s control over the industry, particularly heavy rare earths, as nearly absolute, achieved through dominant...
READ MOREAmericas Gold and Silver Corporation has released its first-quarter production results for 2024 and announced the appointment of Jim Currie as the new Chief Operating Officer. The company produced approximately 0.48 million ounces of silver, along with 8.0 million pounds of zinc and 4.0 million pounds of lead during this period. The Cosala Operations showcased...
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Silvercorp Metals Inc. has reported its production results for the fourth quarter of fiscal 2024, which ended on March 31, 2024, and has provided guidance for fiscal 2025. The company anticipates releasing its audited financial results for fiscal 2024 on May 23, 2024, after market close. Q4 Fiscal 2024 Highlights: The detailed operational data shows...
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Umicore has launched Nexyclus, a comprehensive service offering fully-recycled precious metals, including platinum-group metals (PGM), with three distinct types of certifications. This initiative is presented as the broadest global offering of recycled precious metals, aimed at addressing resource scarcity and the growing demand for responsibly sourced, low-carbon footprint materials. Nexyclus will provide 100% high-quality recycled...
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Ajay Kedia, the director at Kedia Advisory, in a recent interview, projected a sharp increase in silver prices, predicting a rise to 150,000 rupees per kilogram in the next eighteen months. This uptick is attributed to escalating demands from industries pivotal to the green energy shift. Silver, traditionally driven by the photography sector, is now...
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Hindustan Zinc has reported a notable ascent in the silver industry, now ranking as the third largest silver producer on a global scale. The company’s Sindesar Khurd Mine in Rajasthan has been spotlighted in a recent survey as the second largest mine for silver production worldwide, marking an improvement from its previous rank. In the...
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Abitibi Metals has announced an expansion of its maiden drill program at the B26 Polymetallic Deposit to approximately 13,500 meters, following positive results and the addition of a third drilling rig. The expansion comes after the company secured an option to earn 80% interest over seven years from SOQUEM, a subsidiary of Investissement Quebec. Recent...
READ MOREIn Mumbai, the price of silver soared to an unprecedented peak on Monday, driven by persistent geopolitical tensions and the anticipation of interest rate reductions by the US Federal Reserve, sparking a surge in precious metals. Experts forecast an additional rise of 10-15% from the current figures for silver, highlighting the potential for further gains....
READ MOREOracle Power has secured an exclusive option to acquire the entirety of the Blue Rock Valley Copper and Silver Project, situated in the Ashburton Basin, northwest Western Australia. The project, 165km southeast of Onslow, is accessible via a well-maintained unsealed road from the North West Coastal Highway. This area is noted for its potential in...
READ MOREFortuna Silver Mines Inc. reported robust gold and silver production numbers for the first quarter of 2024 from its operations in West Africa and Latin America. The company produced a total of 89,678 ounces of gold and 1.1 million ounces of silver during this period, equivalent to 112,543 gold equivalent ounces when including lead and...
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Hindustan Zinc, a subsidiary of the Vedanta Group and a global leader in the Zinc-Lead and Silver market, announced its production figures for the fourth quarter and the fiscal year ending March 31, 2024. Despite a slight year-on-year decrease of 1% in mined metal production for the quarter, the company achieved record highs in refined...
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Hindustan Zinc has disclosed its production data for the fourth quarter and the fiscal year ending March 31, 2024, witnessing a mixed performance in mined and refined metal outputs but achieving a record high in silver production. In the January-March quarter of 2024, mined metal production slightly decreased by 1% year-over-year to 299,000 tonnes but...
READ MOREUnicorn Mineral Resources, a prominent mineral exploration and development entity focusing on zinc, lead, copper, and silver in Ireland, has announced an ambitious expansion of its exploration strategy to include East and Southern Africa. This strategic decision, backed unanimously by the Board of Directors, comes following a proposal from Executive Director Jason Brewer, who joined...
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The Silver Institute, a prominent body representing the silver industry, is announced the addition of five new members to its global consortium. This expansion includes companies from Australia, Switzerland, Singapore, and the United States, showcasing the Institute’s broadening international influence. The new members span a diverse range of operations within the silver sector:
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Fortuna Silver Mines has released its financial and operational outcomes for both the fourth quarter and the entirety of 2023. The company, based in Vancouver, British Columbia, encountered a net loss of $92.3 million or $0.30 per share in the fourth quarter due to non-cash impairment charges of $90.6 million, culminating in a total net...
READ MOREAvino Silver & Gold Mines is making significant progress on La Preciosa, a development-stage mineral property in Durango, Mexico, known for hosting one of the largest undeveloped primary silver resources in the country. Located adjacent to Avino’s current operations, La Preciosa’s addition has notably expanded the company’s consolidated mineral resources to 371 million silver equivalent...
READ MOREWheaton Precious Metals has successfully met its 2023 production guidance, thanks to standout performances from its Salobo and Constancia assets. In addition to meeting current production goals, the company has laid groundwork for future growth by securing agreements for eight development assets, aiming for a 40% increase in production over the next five years. While...
READ MOREHecla Mining has set the stage for a significant uptick in silver production, projecting outputs between 16.5 million and 17.5 million ounces, driven by heightened activities at its Keno Hill site. This forecast underscores the company’s strategic focus on silver, even as it anticipates a dip in gold production for the coming year. A detailed...
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Avino Silver & Gold Mines has outlined its production and operational plans for 2024, following a year of significant achievements in 2023. The company anticipates processing between 700,000 to 750,000 tonnes of material, aiming to produce between 2.5 million and 2.8 million ounces of silver equivalent (AgEq). The 2024 growth capital will be allocated to...
READ MOREAvino Silver & Gold Mines has set its sights on processing 700,000 to 750,000 tonnes of material in 2024, targeting the production of 2.5 to 2.8 million silver equivalent ounces. This production will draw from both the Avino Mine and the La Preciosa stockpiles. For 2024, Avino has earmarked a total capital budget of $7.3...
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Cobre has secured a notable advancement in its exploration endeavors for copper-silver deposits in Botswana, having been selected to participate in the 2024 BHP Xplor Program. This initiative, a first of its kind by BHP, is aimed at discovering critical mineral deposits by combining the expertise of BHP professionals, thought leaders, and innovative explorers. The...
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