Articles for tag: mining, Peru, property, raises, Silver, tonnage

March 11, 2025

Ron Finklestien

mining

Silver X Mining Increases Production Capacity by 18% at Peruvian Site

Silver X Mining Increases Resource Estimates at Nueva Recuperada Project Silver X Mining (TSXV: AGX) has announced an 18% rise in the measured and indicated tonnage at its Nueva Recuperada Property, located in southwest Peru. This increase is over a preliminary economic assessment conducted in 2022. According to a recent company release, the measured and indicated resources at the Plata Mining unit now total 4.26 million tonnes, with grades of 3.28 oz. silver per tonne, 0.56 gram gold, 1.88% lead, and 2.22% zinc. Notably, the contained silver in the indicated category at Plata, which was previously known as Esperanza, has

January 25, 2025

Ron Finklestien

mining

Global Silver Production: Leading Countries Revealed

Silver Supply Struggles Amid Growing Demand Silver mine output has faced a downward trend for almost a decade. In 2016, production peaked at 900.1 million ounces. Demand has consistently surpassed supply for the last three years, and the Silver Institute forecasts another market deficit in 2024. This situation is largely driven by soaring industrial demand, particularly from the solar energy industry. Interestingly, only 20 to 30 percent of the world’s silver supply originates from primary silver mines. The vast majority, about 70–80 percent, comes from mining other metals like copper, lead, and zinc. Leading Silver Producers in 2023 Here are

November 19, 2024

Ron Finklestien

mining

Aya Gold & Silver Gains Momentum on Zgounder Prospects Despite Third Quarter Shortfall

Zgounder Silver Mine Faces Setbacks, but Aya Gold Signals Turnaround Ahead Production Guidance Adjusted Amid Operational Hurdles According to CEO Benoit La Salle, Aya Gold experienced unexpected challenges at the Zgounder mine, such as issues with the commissioning of the ball mill. These setbacks have postponed some operational milestones to the fourth quarter, leading to a revised 2024 production guidance of 1.6 to 1.8 million ounces of silver. Looking Forward: Commercial Production on Track La Salle expressed optimism, stating, “These temporary setbacks are now behind us, and our team is on track to deliver commercial production at Zgounder before year-end.”

November 11, 2024

Ron Finklestien

mining

Northern Miner Reveals Winners of Gold and Silver Giveaway

Thank you to all our readers who participated in our giveaway from late May until it closed on Oct. 15. A big congratulations to our lucky winners! Announcement of Giveaway Winners First Place: Jon Ward Jon Ward Jon Ward from Vancouver, B.C. has won a 1 oz. Canadian Maple gold coin. With extensive experience in investor relations and capital markets, Jon currently leads investor engagement and marketing efforts for Inventa Capital companies. He also serves as the vice-president of corporate development at Targa Exploration, where he applies his skills in corporate strategy and stakeholder relations. Originally from Brisbane, Australia, he

April 21, 2024

Ron Finklestien

mining

Porphyries: Deposits holding the winning trifecta with copper, gold, silver

Source: ProRealTime And it’s this broad lift across different commodity classes (precious and base metals) that’s starting to create an air of ‘commodity super cycle’ within mining circles. Rumblings of the 2003 to 2011 upswing years are starting to stir. Back then, everything swelled—from rare earths to iron ore to wheat. The list of commodities that experienced exponential rises in value over that time is extensive. That includes high-profile commodities like gold. Back in 2003, it sold for just $360/ounce. By the end of the boom years in 2011, it had surged 400% reaching a high of more than $1,900/

April 19, 2024

Ron Finklestien

mining

The Mining Industry: New Faces and Board Updates at Condor, Alamos Gold, Atacama, Japan Gold, Vizsla Silver, Pasofino Gold, and 1911 Gold

A Fresh Start at Condor Resources: Welcoming Chris Buncic as the new CEO and president marks a significant chapter in the company’s journey towards growth and innovation. Japan Gold’s Strategic Move: With the appointment of Alexia Helgason as VP of corporate communications, the company reinforces its commitment to effective communication strategies and stakeholder engagement. Mayfair Gold’s Technical Expertise: Richard Klue’s new role as VP of technical services underscores the company’s focus on enhancing operational efficiency and technical excellence. Stelmine Canada’s Leadership Transition: Christian de Saint-Rome’s interim appointment as president and CEO sets the stage for strategic decision-making and organizational development.

March 28, 2024

Ron Finklestien

mining

Impressive Surge in MAG Silver Stocks Amid Juanicipio Mine’s Resource Update Emphatic Uptick in MAG Silver Stocks as Juanicipio Mine Resource Report Breaks

Project Commencement Signals Prosperous Era Embarking on a trajectory toward commercial production in June 2023, the Juanicipio mine finds its abode nestled in the pulsating Fresnillo silver trend of Mexico. In a symbiotic ownership structure, MAG carves out a 44% niche, while Fresnillo plc, the deft operator, reigns over the remaining 56%. Bountiful Harvest of Silver Sets a New Benchmark The mine’s efforts in 2023 bore fruits to the tune of 16.8 million ounces of silver. A windfall by any measure and a testament to the mine’s productivity. Untapped Potential Sparks Investor Frenzy In a riveting development, MAG Silver proclaimed,

February 2, 2024

Ron Finklestien

mining

C-Level Appointments and Board Changes in Mining Industry C-Level Appointments and Board Changes in Mining

Lithium Ionic has named Mike Westendorf as its new VP Technical Services. The company’s move mirrors a strategic shift that implies a possible sparkle in its future endeavors. Radio Fuels has appointed Philip O’Neill as CEO and a director, signifying the possibility of a new fuel for the company’s growth in the industry. Vizsla Silver has welcomed Simon Cmrlec as the new Chief Operating Officer, marking a fresh chapter in the company’s operations like the unearthing of a rare and precious mineral. Western Uranium and Vanadium has promoted Michael Rutter to the position of COO and welcomed Bruce Norquist as

January 25, 2024

Ron Finklestien

mining

Overview of the Study A recent study has divulged that metal oxide particles, particularly silver and copper sprays, hold significant promise in combating the spread of respiratory infections through air filtration systems. The focus of the research centered on the efficacy of these particles against two prevalent respiratory pathogens: Streptococcus pneumoniae and Pseudomonas aeruginosa. With both bacteria causing a high number of fatalities globally, the potential for metal oxide particles to mitigate their impact is a critical development in public health. Relevance & Significance Speaking on the significance of this discovery, Mónica Echeverry-Rendón, co-author of the paper and a researcher

January 24, 2024

Ron Finklestien

mining

Endeavour Silver’s Terronera Project Navigates Obstacles to Reach End-of-Year Milestone

It’s a relentless push to the finish line for Endeavour Silver’s much-anticipated Terronera Project, located within the revered Sierra Madre volcanic belt, which boasts the majority of Mexico’s silver and gold deposits. Despite enduring formidable headwinds including a bolstered Mexican peso, prevailing inflation, and a constricted market for essential supplies, progress at Terronera steadfastly marches onward. According to Dan Dickson, Endeavour’s CEO, “We remain confident in our commissioning schedule, our updated capital cost estimate, and our ability to address these challenges as we advance the project for the benefit of all stakeholders.” The project’s revised capital expenditure now stands at