Hochschild Mining withdraws dividend
Hochschild Mining (LSE: HOC) has become the third major mining company to suspend its dividend due to the COVID-19 pandemic. The Peru-focused gold mining company’s announcement follows Glencore’s (LSE: GLEN)…
Silver
Barrick inks option deals with Precipitate Gold and Golden Minerals
Barrick Gold (TSX: ABX; NYSE: GOLD) has inked two earn-in agreements in as many days on projects in the Dominican Republic and Argentina. The gold major is earning a 70%…
Alamos Gold confirms robbery at Mulatos mine
Management at Alamos Gold’s (TSX: AGI; NYSE: AGI) headquarters in Toronto have confirmed that the company’s wholly owned Mulatos gold mine in Mexico was robbed last week. A group of…
Hudbay boosts gold reserves, production forecast in Manitoba
In its recent annual mineral reserve and resource update, mid-tier copper producer Hudbay Minerals (TSX: HBM; NYSE: HBM) provided some market optimism in the form of a major boost in…
US markets drop, March 30-April 3: Consol Energy, Cameco, Rio Tinto, Kirkland Lake, Wheaton Precious Metals, Fortuna
The Dow Jones Industrial Average fell 2.70%, or 584.25 points, to 21,052.53 and the S&P 500 dropped 2.08%, or 52.82 points, to 2,488.65. Spot gold fell finished the week at…
Commentary: Silver to struggle in 2020 due to COVID-19
The GFMS team at Refinitiv recently published its latest findings on the global silver market, highlighting the shift in supply and demand over the course of 2019 and provided provisional…
New Gold closes US$300M partnership with Ontario Teacher’s Pension Plan
New Gold (TSX: NGD; NYSE-AM: NGD) has closed a strategic partnership with the Ontario Teachers’ Pension Plan (OTPP) to acquire a 46% free cash flow interest in the company’s New…
Mexico mining suspension to hit silver supply
Mexico, the world’s largest silver producer, has become the latest country to enforce a suspension of non-essential activities in response to the outbreak of the coronavirus pandemic, after confirmed cases…
Steppe Gold fires up ATO mine in Mongolia
Steppe Gold (TSX: STGO) is on track to produce 60,000 oz. gold this year at cash costs of US$500 per oz. from its heap leach mine in Mongolia, after starting…
Mine disruptions escalate as virus rips around globe
On a global scale, work is grinding to a halt and operations at mines are being temporarily suspended as majors and minors move to enact measures to protect against the…
Global Gold Snapshot: Eight firms chasing mineral riches far and wide
Given the market volatility from the spread of COVID-19, the outlook for precious metals remains uncertain. Nevertheless, gold exploration and mine development remain important drivers of mining activity. Here are…
TSX Venture plummets, March 16-20: Skeena, Azimut, Rock Tech
The S&P/TSX Venture Composite Index plummeted 8.84% (34.58 points) to finish the week at 356.54. Spot gold finished the week at US$1,498.80 per oz., down US$31.10 per oz., or 2.03%….