Avino 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 ounces according to National Instrument...
Silver news
Wheaton Precious Metals Achieves 2023 Production Goals and Sets Sights on Significant Growth
Wheaton 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 2024 production levels are expected...
Hecla Mining Anticipates Silver Output Surge with Decline in Gold Production for 2024
Hecla 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 analysis of the Keno Hill...
Avino Silver & Gold Mines Sets Production Goal for 2024 Following a Year of Milestones
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 both the Avino mine and...
Avino Silver & Gold Mines Outlines 2024 Plans and Celebrates 2023 Achievements
Avino 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 to $9.0 million, divided into...
Cobre Gains Support for Copper-Silver Exploration in Botswana Through BHP Xplor Program
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 program is designed to fast-track...
Pandora Leads Sustainable Shift in Jewellery Industry by Eliminating Mined Metals
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% already sourced from recycled materials...
China’s Silver Ingot Exports Rise Amid Shifting Trade Dynamics
In 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 purity level saw a significant...
Fresnillo Reports Mixed Fourth Quarter Production Results; 2024 Outlook Steady
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, reaching 14.16 million ounces, up...
Hindustan Zinc Reports Profit Increase Amid Enhanced Production and Cost Efficiency
Hindustan 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 reduction strategies. Operational and Financial...