Silver
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Almaden case headed to Mexico’s Supreme Court
An appeal of an April 2019 lower court ruling that jeopardized Almaden Minerals‘ (TSX: AMM; NYSE-AM: AAU) Ixtaca gold-silver project in Puebla state – and the validity of Mexico’s mining law – will be heard at Mexico’s Supreme Court. The…
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SilverCrest connects Babicanora veins at Las Chispas
As SilverCrest Metals (TSX: SIL; NYSE: SILV) prepares to put its Las Chispas project in Sonora, Mexico, into production by the second half of 2022, its latest infill and expansion drill results suggest 1.3 km of strike continuity across the…
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HighGold steps out Johnson Tract in Alaska
Final results for nine holes drilled as part of a 32-hole drill program completed last year at HighGold Mining’s (TSXV: HIGH) gold-polymetallic project in southcentral Alaska expand mineralization by 180 metres down-plunge, and on strike of earlier stepout intercepts. Overall,…
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Eloro drilling continues to outline potential ‘world class’ silver-tin deposit in Bolivia
Eloro Resources (TSXV: ELO) has released results from five holes drilled at its Iska Iska silver-polymetallic deposit in southern Bolivia, where a 50,000-metre drill program is underway. Highlights from drilling at the Santa Barbara Breccia pipe (SBBP) include: 73.3 metres…
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Magna Gold ramps up mining at San Francisco in Mexico
After restarting mining and processing at the San Francisco mine in Mexico in the third quarter of 2020, Magna Gold’s (TSXV: MGR) first-quarter operational results show significantly higher gold and silver production compared with last year’s fourth quarter. This year,…
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Scottie to acquire AUX, merge Golden Triangle properties in BC
Scottie Resources (TSXV: SCOT) has entered into a letter of intent with AUX Resources (TSXV: AUX) for a merger that would consolidate the two companies’ gold-silver holdings in the Stewart mining camp in B.C.’s Golden Triangle into a total of…
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Yamana invests $20.6M in Ascot
After closing a $61-million bought deal on Friday (upsized from $55 million), B.C.-focused gold-silver developer Ascot Resources (TSX: AOT) has announced a $20.6-million private placement financing by miner Yamana Gold (TSX: YRI, NYSE: AUY). Ascot has entered into an agreement…
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Lucky Friday shaft project to drive higher silver output for Hecla
After completing and ramping up the #4 Shaft project at its Lucky Friday mine in Idaho, U.S.-focused silver and gold producer Hecla Mining (NYSE: HL) produced 3.5 million oz. of silver in the first quarter, a 7% and 11% increase…
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Troilus expands Southwest zone on strike and downdip
Drilling at the Southwest zone, 2.5 km southwest of the main mineral corridor, at Troilus Gold’s (TSX: TLG) project in Quebec has stepped out the 2019 discovery by over 400 metres along strike and by up to 450 metres downdip.…
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Prime Mining raising $25M for Los Reyes in Mexico
Prime Mining (TSXV: PRYM) has announced a $25-million bought deal private placement to advance its Los Reyes gold-silver project in Mexico’s Sinaloa state. Desjardins Capital Markets is the sole bookrunner and co-lead underwriter; the syndicate also includes TD Securities. The…
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Mason PEA suggests project could double Hudbay’s copper output
A preliminary economic assessment (PEA) on Hudbay Minerals’ (TSX, NYSE: HBM) Mason porphyry copper project in Nevada outlines a large-scale open pit operation that could become the third-largest copper mine in the U.S., more than doubling the miner’s copper production.…
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Arizona Metals raising $15M to triple Kay Mine drilling to 75,000 metres
Toronto-based Arizona Metals (TSXV: AMC) has entered into an agreement with a syndicate of underwriters, led by Stifel GMP and Clarus Securities, to raise $15 million. These funds are expected to allow the Arizona-focused explorer to triple its Kay Mine…
