South Africa wins battle for US$43M sunken silver bars
Finders are not always keepers, as proven by the United Kingdom’s Supreme Court ruling on who owns about US$43 million worth of silver bullion recovered from a sunken cargo ship….
Silver
Sierra Metals converts resources to reserves for Peru, Mexico mines
A Sierra Metals (TSX: SMT, US-OTC: SMTSF) update has converted between one-fourth and more than one-half of the resources at its Yauricocha and Bolivar underground polymetallic mines to reserves. Yauricocha,…
Osisko update reveals 3.2B lb red metal asset at Copper Mountain
A resource update for Osisko Metals‘ (TSXV: OM; US-OTC: OMZNE) Copper Mountain deposit in Quebec increases the copper-equivalent metal content by 30% over the previous estimate, making it the largest…
Pan American Silver sells La Arena gold project in Peru to Zijin Mining for US$295M
Pan American Silver (TSX: PAAS; NYSE: PAAS) is selling its La Arena gold mine in Peru to China’s Zijin Mining for US$245 million cash upfront and a US$50 million contingent…
Lundin, Sprott, Warke fund Highlander Silver for Peru
South America-focused Highlander Silver (CSE: HSLV) is netting $9.2 million from members of the Lundin family as well as Canadian mining billionaires Richard Warke and Eric Sprott. The financing, for…
Abitibi Metals probes new copper area at B26 in Quebec
Abitibi Metals (CSE: AMQ; US-OTC: AMQFF) says a new copper target west of its B26 polymetallic deposit in northern Quebec shows potential for expanding the project. Assays from the Satellite West…
Silvercorp diversifies into South America with $200M deal for Adventus
Silvercorp Metals (TSX: SVM; NYSE : SVM) is diversifying into South America with the acquisition of Adventus Mining (TSXV: ADZN; US-OTC: ADVZF) and its 75% interest in the El Domo…
Power Nickel earns 80% of Nisk project in Quebec, adds polymetallic zone
Power Nickel (TSXV: PNPN; US-OTC: PNPNF) increased its ownership of the Nisk project to 80% from Critical Elements Lithium (CRE: TSXV) and reported new drill results from a polymetallic zone. The…
Hochschild meets output targets, dividends uncertain
Hochschild Mining (LSE: HOC) said on Wednesday it’s on track to achieve its production targets for 2024 after an increase in gold output boosted its overall first-quarter production. The U.K.-based…
AbraSilver gets $20M investment from Kinross, Argentina power provider
AbraSilver Resource (TSXV: ABRA; US-OTC: ABBRF) said on Monday it has received investments from both Kinross Gold (TSX: K; NYSE: KGC) and Central Puerto, Argentina’s leading electricity provider, to fund…
Adriatic Metals takes over as operator of Bosnian silver mine
Adriatic Metals (LSE: ADT1; ASX: ADT) is taking over as the operator of the Rupice deposit development, which is part of the company’s Vares silver mine in central Bosnia. Local…
Taranis Resources secures permit after BC legal battle
Taranis Resources (TSX-V: TRO) can go ahead with planned exploration at its Thor polymetallic project near Trout Lake, B.C., almost two years after its permit application and five months after…