Pandora, the world’s largest jewellery brand by volume, has announced a significant shift towards sustainability by ceasing the use of mined gold and silver in its products, achieving this milestone a year ahead of its 2025 target. Initially set in 2020, Pandora aimed for 100% use of recycled precious metals in its jewellery, with 71%...
READ MOREIn 2023, China witnessed a moderate increase in its silver ingot exports, with volumes reaching 4,066 tons, marking a 3.9% year-on-year growth. This rise was primarily attributed to the exports of unwrought silver with a purity of ≥99.99%, which surged by 3.9% to 4,065.870122 tons. However, the export volume of semi-finished silver with the same...
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In the latest update from the mining sector, Fresnillo, a player in the precious metals market, has reported varied results in its fourth-quarter production. The company noted a substantial increase in silver output, while gold production witnessed a decline. Silver Production on the Rise Fresnillo’s fourth quarter saw a 13.1% rise in attributable silver production,...
READ MOREHindustan Zinc, a global leader in the production of zinc, lead, and silver, has announced its financial results for the third quarter ending December 31, 2023. The company reported a Profit After Tax (PAT) of INR 2,028 Crore (approximately $271.2 million), marking a 17% quarter-over-quarter increase, primarily driven by consistent volume growth and effective cost...
READ MOREPan American Silver has released its preliminary production figures for the year 2023, which show a slight drop in silver output but a significant rise in gold production. These figures include contributions from the four mines acquired following the company’s takeover of Yamana Gold, with production data from these mines accounted for from March 31,...
READ MOREAvino Silver & Gold Mines, a silver mining company operating in Mexico, has achieved a significant milestone by securing a land-use agreement for its La Preciosa project in Durango, Mexico. This agreement is crucial for the development of La Preciosa, which ranks as one of Mexico’s major undeveloped silver resources. The project’s location, close to...
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Expansion of Land Holdings Silver One Resources, a prominent mining company, announced the acquisition of additional claims adjacent to their Phoenix Silver Project near Globe, Arizona. This expansion is aimed at covering regional magnetic anomalies in the southern part of the property, potentially indicative of porphyry copper systems. Strategic Location in a Prolific Copper Belt...
READ MOREReduction in Precious Metals Output Azerbaijan has reported a decrease in the production of gold and silver in the January to November period of 2023. According to the State Statistics Committee, the country produced 2,507.9 kg of gold and 3,762.2 kg of silver during this time. Comparative Annual Decline This production represents a significant decline...
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Breakthrough in Gold and Silver Prices Precious metals analyst Cyrille Jubert reported that gold and silver have broken through crucial monthly resistance levels, with the Shanghai gold premium reaching 1.9%. This development indicates a strong upward trend in precious metals. Gold Price Projection Jubert predicts that the price of gold could reach $3,170 by 2025....
READ MORESteady Revenues Amidst Challenges Americas Gold and Silver Corporation unveiled its Q3-2023 financial performance, reporting a consistent revenue of $18.3 million, mirroring the same period in 2022. This outcome was driven by a rise in silver production and pricing at the Galena Complex, counterbalanced by a decrease in base metal output and a drop in...
READ MOREProduction Highlights: – Silver: Q3 attributable silver production reached 14.1 moz, a 5.1% decrease from Q2 2023, primarily due to lower ore grade and processed volume at multiple sites. However, production rose by 3.8% compared to Q3 2022, thanks to the Juanicipio mine’s ramp-up. – Gold: Attributable gold production was 132.6 koz, down by 13.0%...
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Gatos Silver released its production data for the quarter and nine months concluding on September 30, 2023, from its Cerro Los Gatos mine in Mexico. Production Details and Comparisons The mine’s mill had an average throughput rate of 2,916 tonnes per day during Q3 2023, marking a 2% increase from the same period in 2022....
READ MOREFortuna Silver Mines has reported its highest-ever gold and gold equivalent production for Q3 2023 from its mines in West Africa and Latin America. The production figures for the quarter are 94,821 ounces of gold and 1.7 million ounces of silver, totaling 128,671 gold equivalent ounces when considering lead and zinc by-products. The cumulative production...
READ MOREThe top silver producers for the second quarter of 2023 have been ranked based on their reported output. While Codelco and Polymetal didn’t make the list due to missing quarterly data, several other prominent companies did. Fresnillo leads as the world’s premier silver producer, with its Q2 2023 silver production reaching 14.9 million ounces (Moz),...
READ MOREPan American Silver (PAAS) has successfully completed the previously announced divestment of its 56.25% stake in the MARA project in Argentina and its 92.3% ownership in the Morococha mine in Peru. These divestments align with Pan American’s strategic goal of optimizing its portfolio after acquiring Yamana Gold. The transactions will lead to a reduction in...
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Canada Silver Cobalt Works Inc has announced its plans to conduct an airborne Multi-Parameter Airborne Survey System (M-PASS) over the expansive sections of its Castle Mine silver project in Northern Ontario. Developed by geoscientists and data scientists at ALS GoldSpot Discoveries, the survey will incorporate advanced technologies including a triaxial magnetic gradient magnetic/VLF platform, a...
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