miércoles, 21 de febrero de 2018

World’s largest gold-silver project just got even bigger

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Silver News Digest
Thursday 22 February 2018
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Seabridge Gold has bulked up again its already massive KSM gold-copper-silver project in northern British Columbia in both size and grade.

New report says "deals in lithium, copper and cobalt are expected to feature high on the agenda of management teams across the industry."

Mitsui's investments in Chile's copper industry date back to the 1990s and it now has minority interests in a number of the country's leading mines.

With the acquisition of Capstone's Minto mine, Pembridge Resources is set to become a cash flow generating copper producer.

Artisanal and Small-Scale Mining (ASM) has become a major of revenue for millions of people in about 80 countries worldwide, with more than 100 million people currently depending on the activity for their livelihoods. But at what costs?

The firm, North America's No.1 producer of coking coal, said the boost in profit was mainly thanks to the reversal of an impairment charge related to an improvement in the outlook for steelmaking commodity.

President's move to allow open pit mining in provinces until now opposed to it is part of a broader plan to double foreign investment to $25 billion in eight years.

Rio Tinto had already earned a 75% interest in the C-4-5-6 property, and it was expected to exercise its option to acquire full interest by 2019.

The Toronto-based miner is carrying out a comprehensive environmental remediation program at its Iskut project.

Canada's Northern Vertex Mining is ramping up production at its Moss gold-silver project towards an initial stacking rate of 2,500 tpd, to later reach 5,000 tpd.

New report shows private equity investment in mining jumped to $2.3 billion last year, with the bulk going into copper and battery metals.

Bankers, brokers, refiners and researchers in the London Bullion Market Association's 2018 survey sees gold as high as $1,510 and as low as $1,120 an ounce.

Dutch non-profit organization claims Rio and its Canadian subsidiary Turquoise Hill used a complex network of tax haven subsidiaries and lending money to itself at high interest rates.

Egypt-focused gold miner is paying a final dividend of 10 US cents per share, or a total of $144 million, as it vowed to return all of its excess cash to investors.

Consulting firm Deloitte has published what it says will be the top-10 global trends in the mining industry this year.

Where miners and juniors hang their hats.

"We have not seen this kind of growth since before the global financial crisis."

The company's Cascabel project is located in the northern portion of the Andean copper belt in Ecuador, renowned for hosting almost half the world's copper known reserves.

The world's largest mining and construction equipment maker beat market expectations for fourth quarter earnings and said its sales growth momentum is expected to continue in 2018.

Proceeds from the private placement and financing will be used for exploration and development of the junior miner's projects in Colombia and Nicaragua.

Vancouver producer announces lower gold production, recoveries at its only mine six months into ramp-up – stock is down 26%.

An estimated 40.5 million people were directly engaged in ASM last year, up from 30 million in 2014, 13 million in 1999 and only 6 million in 1993.

The Toronto-based miner wants to buy the Gold Shear property, southwest of Cranbrook, British Columbia.

The new unit, under Mongolian leadership, will focus on exploration and local ties.

The company has just received a diamond drilling permit for up to 10 holes.

RosCan is targetting different land packages in Ghana and Mali.

Measure was taken as Chinese coal haulers continue to disrupt deliveries near the border with Mongolia, the mine's majority owner Turquoise Hill said.

The mining industry is awash with cash, and so far it's got two main uses — pay down debt and reward investors.

Although a final production decision has not been made, Canada's Alexco Resource Corp. is preparing to resume mining of silver and related minerals late this year in the Yukon's Keno Hill Silver District.

Mining and metal companies are rediscovering the downside of rallying prices: higher costs.

U.S. President Donald Trump's decision to withdraw federal protections from millions of acres of Utah wilderness will reopen much of the iconic terrain to gold, silver, copper, and uranium land claims under a Wild West-era mining law.

The Russian gold and silver producer said its fourth-quarter revenue rose 12 percent on a year earlier to $586 million due to higher gold sales.

If for some reason, you still think that the commodity markets are predictable, today's chart provides a nice piece of humble pie.

Peru will strengthen position in top five gold and silver producing countries in the world if it makes most of the reserves of these two metals.

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