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Silver Mining

Canadian wins right to sue Silvercorp over ‘false imprisonment’ in China

A Canadian man who spent years behind bars in China has won the right to sue Vancouver-based Silvercorp Metals (TSE, NYSE:SVM) for allegedly conspiring with Chinese authorities to have him arrested and detained. The B.C. Supreme Court, Canadian Press reports, rejected a bid by the miner to have Kun Huang’s allegations

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Santacruz Silver Resumes Operations at Rosario Mine

Santacruz Silver Mining (TSXV:SCZ) is back in business after officially announcing that it’s received approval from Mexican environmental regulatory authorities PROFEPA and SEMARNAT to resume operations at its Rosario mine. The company was forced to shut down the mine in January after a pipeline connecting the tailings impoundment to a secondary

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Colorado Springs company expands mining operation in search for gold, silver

Gold Resource Corp. announced Wednesday it has begun exploratory drilling at the Radar gold mining property it has leased in west central Nevada in hopes of discovering gold and silver deposits similar to a nearby mine that produced 1.53 million ounces of gold in 1986-93. The Colorado Springs-based company, which

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Kidnapped Goldcorp miners found dead in Mexico

Three of the four Goldcorp (TSX:G), (NYSE:GG) employees believed to have been abducted last week have been found dead in southwestern Mexico’s Guerrero state, the same area where 43 teachers were kidnapped and massacred last year. Family members told Reuters the corpses were found on Friday in a mass grave.

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Yamana Gold to build gold-silver mine in Argentina

Yamana Gold Inc will go ahead with the construction of a mine at its Cerro Moro gold and silver project in Argentina, the Toronto-based gold miner said on Wednesday. The cost to build and sustain the mine is expected to be $398 million, Yamana said in a statement. Production is

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Company Moving Ahead with Central Idaho Gold Mine Plan

Work could start in a little more than three years on a central Idaho mine containing as much as 4 million ounces of recoverable gold, a mining company official says. Midas Gold Inc. Vice President Anne Labelle told lawmakers on the Senate Resources and Environment Committee on Monday that the

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Kosovo miners return from underground, ending 3-day strike

Hundreds of miners in Kosovo are back on shift following a three-day work stoppage to protest against the Kosovo government, which backtracked on an earlier decision to take control of the Trepca mining complex. Reuters reported that the strike – which at one point involved around 800 employees – was called

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Hochschild silver output rises; hedges below spot prices

Silver miner Hochschild Mining Plc said 2014 production exceeded its expectations and that it had hedged 6 million ounces of silver for this year. Shares in the company fell as much as 3.6 percent as the hedging was made at $17.75 per ounce, below the spot silver prices of about

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Tahoe’s Escobal silver mine output at high end of 2014 expectations

Production at Tahoe Resources’ (TSX:THO), (NYSE: TAHO) Escobal silver mine in Guatemala, which experts say could soon become one of the world’s largest producers of the precious metal helped the company finished the year at the high end of its 2014 production guidance, the miner said Tuesday. Tahoe’s flagship mine — which

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Silver Wheaton extends Barrick’s deadline to fulfill Pascua Lama silver deal

Canadian miner Silver Wheaton (TSX:SLW) said Monday it has agreed to give Barrick Gold Corp. (TSX:ABX) over two years past the original deadline to meet a silver production milestone at the stalled Pascua Lama project straddling the border between Chile and Argentina. Under the deal, Silver Wheaton paid about US$625

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Miners in Guatemala to pay ten times more royalties

Guatemala’s President Otto Perez Molina has approved a new rule passed by the Congress last week that rises taxes to transnational miners operating in the country from 1% to 10%. The change to the country’s 20-year-old mining law is just one of the major reforms recently introduced by the current

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Silver mine in Cobar wants to hire locals

The company planning to reopen a silver mine in Cobar has called for people in the local area to apply for jobs at the site. Southern Cross Goldfields bought the Wonawinta Silver project, 80 kilometres south of Cobar, from Cobar Consolidated in September. The company renamed it to the Manuka

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Mass grave with hundreds of skeletons found in Bolivian mining town

Construction workers in the southern city of Potosi, Bolivia, have uncovered the remains of hundreds of miners believed to be from the Spanish colonial era. They mostly mined at Cerro Rico Mountain, home to what became the world’s biggest silver mine and provided the Spanish with so much of the

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First Majestic hits silver output record to spin-out non-core assets

Mexico-focused First Majestic Silver (NYSE:AG) (TSX:FR) announced Monday that production at its five operating silver mines in the Latin American country hit a record of almost 3.86 million equivalent ounces of silver for the second quarter ending June 30, up 18% year on year. Total ore processed at the five

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Morocco jails three protesters opposed to silver mine

A Moroccan appeals court has upheld the prison sentences of three activists opposed to the operations at the country’s largest silver mine, a campaign group said Wednesday. Arrested in March on charges including forming a criminal gang, stealing money, holding unauthorised protests and premeditated assault, the accused were each handed

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