First Majestic Buys Gatos Silver for $970m in Mexico Expansion
First Majestic Silver will acquire Gatos Silver in a all-share transaction, consolidating major silver mining assets across multiple mining regions in Mexico.
Mining
The mining industry is the primary source for the supply of gold, silver, platinum group metals and that are then refined and minted into bullion.
News and information related to the mining industry that is pertinent to precious metals buyers.
Wyoming Grants Mine Operating Permit to US Gold
The project encompasses more that 1,000 acres of land, including 360 acres from a local rancher and involves an open-pit mine that aims to extract 1 million ounces of gold and 248 million pounds of copper from high-grade mineralization deposit.
World’s First Commercial Deep-Sea Mining Project Advances in Norway
Interest in deep sea mining increases during precious metals bull markets. With increased demand for precious metals and minerals for electronics manufacturing and other purposes, investments in deep sea mining projects has resumed.
What is 3TG?
3TG refers to four minerals that are commonly used in various industries, including the electronics, jewelry, and automotive sectors. These minerals are often collectively referred to as “conflict minerals” because their mining and trading have been linked to human rights abuses and armed conflict in certain regions of the world.
Gold Smuggling on the Rise throughout Asia
Border police in India have arrested a woman attempting to cross the border wearing 2 kg of gold bars under her clothes.
Customs authorities have seized more than 604 kilograms of gold at Mumbai airport alone over the last year.
Egypt Mints First Gold Ingot from Domestic Mines
The mines in Egypt’s Eastern Desert represent an incredible source of income for the country. Gold from the El Sukari mine is already being used to grow the Central Bank of Egypt’s reserves which have recently been reported to have increased to 125 tons of gold.
Climate Agenda and Consumer Spending Key Drivers of Silver Demand
The use of silver in the manufacturing of consumer electronics, electric vehicles and solar panels has hit record highs. New Mining Tech could improve efficient and reduce environmental impact
South Africa Economy on Verge of Collapse, Brink of Civil War Resulting from Ongoing Blackouts
The US Embassy has issued an advisory for Americans living in South Africa to “maintain 72 hours’ worth of supplies at home by stockpiling non-perishable food, three litres of drinking water per person per day, and medicines and first aid supplies”. Advising people to be prepared for SHTF worst case scenarios.
Mining Industry Risks Serious Labor Shortage in Meeting Industrial Demand
Employment in the mining sector has fallen over 20% in the last decade due mine shutdowns resulting from the decline in demand for coal
Silver Mining Dominated by Mexico, China and Peru in 2022
Preliminary data shows that silver mine output increased by 4% global last year.