The revised mine plan for the Hycroft mine in Nevada supports a 19-year operating life and exploits the current mineral reserve of 12.7 million ounces of gold and 481.9 million ounces of silver (1.1 billion tons grading 0.011 opt Au and 0.42 opt Ag), Allied Nevada Gold Corp. reported this morning. The following operating...
Augusta Resource Corp. said this morning that its Rosemont copper/moly/silver mine south of Tucson has been issued its Aquifer Protection Permit by the Arizona Department of Environmental Quality. The APP establishes the operating standards and controls to ensure the protection of ground water and is effective for the life of the mine. Rosemont has now...
United Silver Corp. has started on the company’s phased, property-wide, $23 million, four-year plan to further explore and develop the Crescent silver mine resource in Idaho’s Silver Valley, it reported this morning. The objectives of the plan are to further explore the existing silver resource, develop the existing resource and explore for additional resources...
Its infill program at the Hycroft mine in Humboldt County, Nevada, along with additional engineering studies, successfully upgraded 2.5 million ounces of gold and 93.3 million ounces of silver to the proven and probable mineral reserve categories, Allied Nevada Gold Corp. said yesterday. Total proven and probable mineral reserves at year-end 2011 were 12.7...
Hecla and Coeur, the traditional big silver producers in the Northwest, both set several financial records in 2011 as the price of precious metals remained high and as they optimized their production at various mines around the Americas. Hecla Mining Co. said Tuesday that it produced record 2011 revenue of $477.6 million and gross profit...
Hecla Mining Co. has reported the largest silver reserves and resources in the company’s history with 148 million ounces and 281 million ounces, respectively, at year-end 2011. Hecla was reporting exploration results from its four district-sized land packages in the U.S. and Mexico, as well as an update on its three pre-development projects. Silver reserves...
Measured and indicated resources at its KSM (Kerr, Sulphurets, Mitchell) property in northern British Columbia now total 49.9 million ounces of gold, 12.7 billion pounds of copper, 261 million ounces of silver and 304 million pound of molybdenum, Seabridge Gold Inc. said this morning. Seabridge said that a successful 2011 drill campaign at its...
Allied Nevada Gold Corp. has been ordering critical long-lead mining and processing equipment for its expansion projects at the Hycroft gold/silver mine in Nevada and has come in 2% under the feasibility estimates. The Nevada mining company said this morning that to date, it has spent or committed $354.9 million, 2% below the feasibility estimate....
Wildcat Silver Corp. has greatly increased — to about 270 million ounces — the silver resouces at its Hermosa project in Santa Cruz County, southern Arizona, it reported this morning. The updated mineral resource comprises an indicated resource of 101.4 million tonnes of 53.18 gpt silver for 171.3 million ounces and an inferred resource of...
U.S. Silver Corp. is proceeding with development work to support the re-opening of the Coeur silver mine, which is adjacent and connected underground to the company’s operating Galena mine in the prolific Silver Valley near Wallace, Ida., the company said today. First production from the Coeur mine is targeted for the end of this...
