Silver

  • Fresnillo Reports Revenue Boost and Reaffirms Production Guidance for 2024

    BY John Davis
    Mexico-focused precious metals producer Fresnillo PLC announced an 11% rise in revenue for the first half of 2024, reaching USD1.49 billion, up from USD1.34 billion a year ago. The company’s pretax profit surged to USD277.8 million, a significant increase from USD47.9 million in the same period last year. The increase in profitability was attributed to...
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  • Spot Silver Prices Fall Below Key $29.00 Threshold Despite Weakening USD

    BY Lars Jensen
    Spot silver prices have dropped below the critical $29.00 per ounce mark, despite a weakening U.S. dollar. According to FXStreet analyst Christian Borjon Valencia, the decline was driven by an increase in U.S. bond yields, which exerted downward pressure on silver. Valencia notes that silver ended Wednesday’s session 1.2% lower, closing at $28.88 per ounce....
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  • Fresnillo Reports Decline in Q2 Gold and Silver Production, Increase in Lead and Zinc Output

    BY Sophia Schmitz
    Fresnillo, a leading Mexican precious metals mining company, reported a decline in gold and silver production for the second quarter of 2024, while noting an increase in lead and zinc output. The company has reaffirmed its annual production guidance for both gold and silver. In Q2 2024, gold production was recorded at 130,025 ounces, down...
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  • EV Resources Unveils Significant Porphyry Copper Potential at Khartoum Project

    BY Lars Jensen
    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...
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  • Silver Outshines Gold in 2024 with 24.7% Return

    BY John Davis
    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...
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  • Spot Silver Drops 3% Despite Weak Dollar, Analyst Sees Potential for Further Decline

    BY Lars Jensen
    On 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...
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  • Silver Prices Surge Over 2% Following Weak U.S. CPI Data

    BY Lars Jensen
    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...
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  • Copper, Silver, and Gold Markets Brace for Supply Deficits Amid Rising Demand

    BY Lars Jensen
    New 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...
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  • Endeavour Silver Reports Q2 2024 Production of 2.2 Million Silver Equivalent Ounces

    BY John Davis
    Endeavour 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...
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  • Hindustan Zinc Reports Mixed Production and Financial Results

    BY John Davis
    Hindustan 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%...
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