Mexican security risks highlighted in new reports
Escalating security risks and a legacy of lengthy project approvals are increasing investor scrutiny of mining exposure to Mexico, TD Cowen says. Recent incidents linked to cartel activity — such…
Silver
Hecla nearly doubles exploration budget
Hecla Mining (NYSE: HL), the largest silver producer in the U.S. and Canada, plans to almost double investments this year on exploration and pre-development activities. The stock surged. Idaho-based Hecla…
Battered Vizsla keeps ‘long-term’ commitment to Mexico silver-gold mine
Vizsla Silver (TSX; NYSE: VZLA) said it remains determined to develop the Panuco silver-gold project in Mexico’s strife-torn Sinaloa state even after an armed group kidnapped 10 company workers, killing…
Kidnappers kill Vizsla mine workers in Mexico
Some Vizsla Silver (TSX, NYSE: VZLA) workers who were abducted last month in west-central Mexico have been killed, the company said. The stock plunged. Vizsla said Monday it’s been informed…
Silver, gold fall as U.S. dollar rebounds on next Fed chair
Precious metals prices plunged on Friday as a rebound in the U.S. dollar led some investors to book profits on the metals. Silver plunged 22% to trade at $90.73 an…
Gold hits new high as Trump probes Fed chair Powell
Gold set a new record Monday after the United States Department of Justice threatened to criminally prosecute Federal Reserve chair Jerome Powell over a building project, sparking concern that the…
NorthWest Copper finds shallow copper, gold in B.C.
NorthWest Copper (TSX-V: NWST) says drilling at its main Kwanika project in British Columbia yielded near-surface copper and gold in two different zones. Hole K-25-287 cut 47.5 metres grading 1.22%…
NGEx hits 4% copper, 11g gold at Lunahuasi in Argentina
NGEx Minerals (TSX: NGEX; US-OTCQ: NGXXF) said new drilling at the Lunahuasi polymetallic project in Argentina vertically extended an existing high-grade zone by 100 metres. The stock rose. Hole DPDH048 in the deposit’s…
Contango Ore agrees $812M deal to buy Dolly Varden
Contango Ore (NYSE-A: CTGO) agreed to buy Canada’s Dolly Varden Silver (TSX-V: DV; NYSE-A: DVS) to create a mid-tier silver and gold producer by adding one of the largest high-grade…
Aya posts strongest intercept yet at Boumadine
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) said new drilling at its Boumadine polymetallic project in Morocco yielded the strongest mineralized intercept so far while identifying a new high-grade…
Vizsla sees 7-month payback for Panuco project
Vizsla Silver (TSX, NYSE: VZLA) said a new study shows the company would need less than a year to recoup its investment if it proceeds with the flagship Panuco silver-gold…
Solaris values Ecuador copper mine at $4.6B
Swiss mine developer Solaris Resources (TSX: SLS; NYSE: SLSR) says a prefeasibility study shows its Warintza copper-gold project in southeastern Ecuador would generate an after-tax net present value of $4.6 billion (C$6.4…