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Silver
 
BASE METALS

Trevali’s Caribou project remains on track

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Zinc-focused, base metals mining company Trevali Mining on Thursday said its Caribou mine and mill complex project remained on track and within budget, with commissioning still expected to start in the first half of next year. The Caribou...
19th September 2014
 
 
GOLD OUTLOOK

Moderate global economic growth outlook forces miners to keep promises

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The most critical challenge miners needed to deal with during the next 12 months was to deliver on their promises of cost savings and regain the confidence of the capital markets, professional services firm KPMG Canada’s mining industry leader...
19th September 2014
 
 
PRECIOUS METALS STREAMING

Market doldrums support ‘good times for streaming firms’ – Smallwood

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Silver Wheaton president and CEO Randy Smallwood The current sideways-to-down market was providing good opportunities for the handful of precious metals streaming firms which were consistently turning a profit – albeit at lower margins – despite the continued doggedly low commodity price...
17th September 2014
 
 
PRECIOUS METALS

Primero revises FY output, cost guidance

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Precious metals miner Primero Mining now expects to produce between 220 000 and 240 000 gold-equivalent ounces at a cash cost per ounce of between $675 and $725 in 2014. This represented a modest drop in output and a modest increase in costs when...
16th September 2014
 
 
GOLD

Newstrike Capital reports robust PEA for Ana Paula, Mexico

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Precious metals company Newstrike Capital on Monday reported that the results of an independent technical report for a National Instrument 43-101 preliminary economic assessment (PEA) supported its view that Ana Paula was one of the best...
15th September 2014
 
 
M&A

Newmont sells out of its 44% stake in Penmont JV with Fresnillo

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The world’s largest primary silver producer, London-listed Fresnillo, has agreed to buy Newmont Mining’s 44% stake in its Mexican joint venture for $450-million in cash. The deal would secure Fresnillo a foothold in Mexico’s gold industry,...
12th September 2014
 
 
PRECIOUS METALS

Gold price reform to focus on improved transparency, governance controls

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Instead of scrapping the century-old London Gold Fix altogether, gold industry role-players are calling for the modernisation of the method used to determine global gold price benchmarks, which is currently the subject of ‘intense’ debate, but...
12th September 2014
 
 
GOLD

Yamana heads back to drawing board as C1 Santa Luz is shuttered

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Yamana Gold on Wednesday said it would return to the drawing board and evaluate other gold extraction methods after the carbon-in-leach (CIL) circuit at C1 Santa Luz, in eastern Brazil, failed to achieve its designed recoveries owing to several...
10th September 2014
 
 
 
 
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