The mine was then closed due to weak silver prices and it remained so until 2008, Raimount Energy, an oil and gas company that had previously acquired junior explorer Pacific Cassier and its Porter Idaho property, reassessed the historic work and updated Prosperity-Porter Idaho's resource. In 2012, the
The decrease reflects a 14 percent decrease in tonnes milled combined with a 66 percent decrease in silver head grade. The decreased tonnage milled reflects inconsistent availability of mining equipment due to mechanical failures that were not remedied on a timely basis because of working capital
In addition to the $2.7 million cash balance at March 31, 2018, the Company expects to receive approximately $4.5 million in net operating margin from the lease of the oxide plant and an additional $0.5 million from the farm-out agreement with Santacruz Silver Mining during the next 12-month period
Fortuna is a growth oriented, precious metal producer with its primary assets being the Caylloma silver mine in southern Peru, the San Jose silver-gold mine in Mexico and the Lindero gold Project in Argentina. The company is selectively pursuing acquisition opportunities throughout the Americas and in
The historic Hector Calumet mine, 1 km northeast of Bermingham, produced about 96 million oz. of silver. A third surface drill rig is to be added mid-summer. Bermingham resources were estimated in 2012 to be 257,000 indicated tonnes grading 460 g/t silver, 2.00% lead and 2.10% zinc plus 102,000
We were also able to increase our silver production in 2017 by 0.87% despite the fact that the Zgounder Mine's water supply pipelines were washed out following unusually heavy rainfall for approximately two months. The exercise of 28,016,217 warrants in 2017 infused over $6.2 million of positive capital
TORONTO, ON--(Marketwired - March 13, 2018) - Primero Mining Corp. ("Primero" or the "Company") (TSX: P) and First Majestic Silver Corp. ("First Majestic") (TSX: FR) ( NYSE : AG) are pleased to announce that Primero's shareholders have voted in favour of the arrangement transaction (the "Transaction") at a special
Shares of Maya Gold and Silver fell 28 ? to $2.13. Maya has assets in Morocco where it is focused on its 85% owned Zgounder silver mine. The mine began milling in July 2014 and poured its first silver in August of the same year. As of December 2017, Maya had produced 1.35 million oz. silver at Zgounder
Silver, when compared to the price of gold, is overdue for a rebound, said Eric Fier, CEO of SilverCrest Metals."If you look at the gold-silver ratio...we're at 80 to 1 right now. The last bear market, that was the bottom too, so I got the feeling we're looking at a pretty good recovery," Fier told Kitco News on the
This volcanic unit hosts several prolific gold producers in Northern Peru including Newmont's Yanacocha and Barrick's Laguna Norte and Pierina mines. Gold-Silver mineralization on the property is considered to be similar to the past producing Machacala Au-Ag and the current producing Salpo Mine
"It's easy for some environmentalists to condemn mining," says Beaty. "But it's not strip mining. We make a hole and most of the work is underground. We mostly do the work where there is very little or no biodiversity. We fill the hole back up when we're done. Where do they think they get the metal for their
We select what we mine, and that is there are several mines in the area that we take from. And if silver is hot and this would be a high price, we'll mine the silver. We base it on the value of the rock in front of us. Right now, with the strengthening in the lead and the zinc, we're going to put back our zinc circuit
Vancouver, March 12, 2018-- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces that the conference call to discuss its 2017 financial and operational results will now take place on Tuesday, March 20, 2018 at 9:00 a.m. Pacific | 12:00 p.m. Eastern instead of Monday, March 19, 2018 (see Fortuna
Precious metals have been going back and forth between gains and losses on trade fears and changes in the dollar. On March 6, all four precious metals had an up day, which also led to gains for miners. This article will discuss the performance of silver mining stocks including Wheaton Precious Metals
Precious metals have been going back and forth between gains and losses on trade fears and changes in the dollar. On March 6, all four precious metals had an up day, which also led to gains for miners. This article will discuss the performance of silver mining stocks including Wheaton Precious Metals (SLW), Pan
The Prospectors & Developers Association of Canada (PDAC) is best known for its annual convention, bringing together prospectors, developers, geoscientists, consultants, and mining executives, among others. Considered the mammoth of all mining conferences, this annual event attracts more than
The Constitutional Court of Guatemala will take longer than expected to decide whether precious metals miner Tahoe Resources (TSX:THO)(NYSE:TAHO) can resume operations at its Escobal silver mine, the company said. While Tahoe has not yet received the formal resolution, it said the delay is in part
Bunker Hill Mining Corp announced that the United States Environmental Protection Agency, and the United States Department of Justice, have signed an agreement with Bunker Hill, allowing the Company or any subsidiary entities to operate the Bunker Hill Zinc, Lead, and Silver Mine without incurring
ALBUQUERQUE, N.M., March 08, 2018 (GLOBE NEWSWIRE) -- Santa Fe Gold Corporation (OTC:SFEG), a U.S. based mining and exploration enterprise with emphasis on Gold, Silver, Copper, Precious, Industrial and Base metals and owner of multiple claims, including the Malone Mines complex
The forecast calls for a multi-year decline in new mining supply of silver, said Endeavour Silver CEO, Bradford Cooke."Silver is the one metal that is primarily a by-product of copper, lead, and zinc mines, and in a five-year commodity bear market, there are no new copper, lead, and zinc mines," Cooke told