Silver
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SILVER-COPPER: Silver Dollar to acquire majority stake in First Majestic’s La Joya
MEXICO – Silver Dollar Resources and First Majestic Silver signed a letter of intent wherein Silver Dollar has the option to earn an initial 80% interest in First Majestic’s La Joya silver-copper-gold property in Mexico. Following this exercise, Silver Dollar may earn an…
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ZINC-LEAD-SILVER: Callinex discovers new zones at Nash Creek
NEW BRUNSWICK – Drilling at Callinex Mines’ 118-sq.-km Nash Creek project has encountered a new zone of silver mineralization, 9.6 km away from the current deposit, as well as a new area of near-surface zinc and lead, 1.3 km to…
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COMMODITIES: BMO raises long-term precious metal price forecasts
TORONTO – BMO Capital Markets has hiked its long-run gold and silver price forecasts to US$1,400 per oz. and US$18.25 per oz., increases of 16.7% and 5.8%, respectively. The bank’s long term price forecasts have been “static” since 2015, the analysts…
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GOLD-SILVER: Equity Metals gets permit to explore Silver Queen in BC
BRITISH COLUMBIA – Equity Metals has announced that it has received a five-year, area-based exploration permit for its 100%-owned Silver Queen gold-silver project in western Canada. In a press release, Equity said the permit allows for drilling exploration from 50 drill…
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HudBay goes for the gold at Snow Lake
One-third of the miner’s revenue is expected to come from precious metals by 2022.
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PRECIOUS METALS: New royalty and streaming company Nomad starts trading
MONTREAL – Nomad Royalty, a new precious metals royalty and streaming company, will begin trading on the TSX on May 29, after completing a reverse takeover and acquiring the royalty portfolio of Yamana Gold and streaming assets from Orion Resource…
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SILVER-GOLD: Aftermath Silver to become majority owner of Cachinal in Chile
CHILE – Aftermath Silver has announced that it has reached an agreement to acquire its final 20% interest in the Cachinal silver-gold project in Chile from SSR Mining. To go ahead with the deal, Aftermath has to pay SSR $700,000. On…
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SILVER: Silver One expands high-grade zones at Candelaria in Nevada
NEVADA – Drilling at Silver One’s Candelaria project in Nevada’s has expanded higher-grade mineralization between the past-producing Mount Diablo and Northern Belle pits at depth and confirmed near-surface lower-grade mineralization around the two pits. The company has recently drilled nine…
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Eric Sprott boosts ownership in Dolly Varden Silver
Mine financier Eric Sprott is increasing his stake in Dolly Varden Silver (TSXV: DV; US-OTC: DOLLF) to 19.9% — buying 7 million common shares of the company in a private placement at a price of 33¢ per share for gross…
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COPPER-SILVER: Rio Tinto preps plans for 2020 at Janice Lake
SASKATCHEWAN – Following up on a positive 2019 exploration program, Rio Tinto is planning 2,000 metres of drilling, plus mapping, prospecting and geophysical surveys this year at the Janice Lake copper-silver project in northern Saskatchewan. The major is earning up…
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SILVER-GOLD: Endeavour Silver hits high grades at Bolanitos
MEXICO – Miner Endeavour Silver has announced the discovery of a new area of high-grade mineralization within the Melladito vein at the company’s Bolanitos mine. Of the 14 holes drilled, eight intersected high-grade gold and silver. Drill highlights include 1.5…
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COPPER-GOLD: Braveheart closer to restarting Bull River
BRITISH COLUMBIA – Braveheart Resources, the company working on bringing back to life the Bull River project, has received a positive system impact study from B.C.’s hydro and power authority (BCH) on its planned reconnection to grid power at a proposed load…
