Precious Metals

The share price of Vancouver-headquartered Skeena Resources advanced 14% on Thursday, after the company outlined the potential of its Eskay Creek gold/silver project in a preliminary economic assessment (PEA).

Located in the Golden Triangle of British…

Gold and silver are suffering substantial losses on Thursday as dissipating trade tensions contribute to a flight from haven assets.

Gold futures are down more than 2%, while those on silver are off as much as 3.6% as of 12 p.m. New York Time.

Precious metals miner Endeavour Silver, which operates four silver/gold mines in Mexico, on Tuesday reported a third-quarter loss of $68-million, compared with a loss of $5.5-million, as its generated lower revenue on weaker production results.

Silver…

NYSE- and JSE-listed Sibanye-Stillwater on Thursday said it hoped to resume dividend payments in the second half of 2020, if high precious metals prices prevail. The gold and platinum group metals (PGMs) miner reported “a pleasing recovery” in its oper…

NYSE- and JSE-listed Sibanye-Stillwater has successfully refinanced its R6-billion revolving credit facility (RCF) that would have matured on November 15.

The new three-year R5.5-billion RCF has been issued on similar terms, with an option that allow…

South African State-owned fund manager, the Public Investment Corporation (PIC), has increased its interest in precious metals miner Sibanye-Stillwater to 10.031%. It previously held 9.397% of Sibanye’s shares in issue.

Precious metals miner Fresnillo said on Wednesday annual silver and gold production would be at the lower end of an already reduced target range, after reporting a fall in output for the third quarter due to lower ore grades.

Fresnillo’s silver produc…

TSX- and NYSE-listed McEwen Mining in the third quarter this year produced 35 043 oz of gold and 947 146 oz of silver from its four gold mines in the US, Canada, Argentina and Mexico.

Further, chairperson Rob McEwen said this week that exploration re…