Pan 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, 2023, to December 31, 2023....
Silver news
Avino Silver & Gold Mines Ltd. Secures Land-Use Agreement for La Preciosa Project
Avino 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 Avino’s existing operations, including a...
Silver One Resources Expands Land at Phoenix Silver Project in Arizona to Explore Copper and Silver Deposits
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 The newly staked area is...
Azerbaijan Experiences Decline in Gold and Silver Production in 2023
Reduction 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 compared to the previous year,...
Gold and Silver Surpass Key Resistance, Analyst Predicts Major Gold Price Hike
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. This forecast is based on...
Americas Gold and Silver Releases Q3-2023 Results with Mixed Outcomes
Steady 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 zinc prices at the Cosalá...
Fresnillo Reports Third Quarter 2023 Production Results and Safety Incidents
Production 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% from the previous quarter and...
Gatos Silver Shares Q3 2023 Production Figures
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. The quarter also saw the...
Fortuna Silver Mines Announces Q3 2023 Production Results
Fortuna 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 for the first nine months...
World’s Leading Silver Producers in Q2 2023 Revealed
The 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), marking a 3.5% increase from...