Fresnillo reported a significant rise in revenue and operating profit for 2024, driven by higher silver and gold prices. However, a substantially increased tax burden weighed on net earnings. The Mexico-focused precious metals producer recorded a 29% increase in revenue, reaching $3.50 billion from $2.71 billion in 2023. Pretax profit surged to $743.9 million from...
READ MOREAvino Silver & Gold Mines, a long-standing silver producer in Mexico, has shared its optimistic outlook for 2025 after a milestone-filled 2024. President and CEO David Wolfin highlighted the company’s strong operating results from the Avino Mine and a record-breaking financial performance in the fourth quarter as key factors positioning Avino for continued success in...
READ MOREPolymetals Resources is making steady progress on the restart of its Endeavor silver-lead-zinc mine near Cobar, New South Wales. The company is currently focused on surface and underground refurbishment activities. In December, several pieces of mobile underground equipment arrived on-site, facilitating the commencement of underground development rehabilitation. Particular attention is being given to the high-grade...
READ MORESantacruz Silver Mining has released its Q4 2024 production results from its Bolivar, Porco, and Caballo Blanco Group of mines in Bolivia, as well as its San Lucas ore sourcing business and Zimapán mine in Mexico. The company produced a total of 4,710,013 silver equivalent ounces, including 1,761,686 ounces of silver, 23,357 tonnes of zinc,...
READ MOREInvestors in gold and silver may need patience in 2025 as the geopolitical landscape continues to drive market uncertainty. Saxo Bank, in a January 10 note, highlighted the challenges ahead, citing a “tug-of-war” between rising yields, delayed rate cut expectations, and dollar fluctuations, which are expected to contribute to increased volatility compared to 2024. Gold...
READ MOREGoGold Resources reported a significant production increase for the quarter ending December 31, 2024, totaling 551,337 silver equivalent ounces. This output consisted of 226,343 ounces of silver, 3,213 ounces of gold, 121 tonnes of copper, and 161 tonnes of zinc. The surge in production represents a 36% increase compared to previous quarters, attributed to the...
READ MORECopper and silver futures in New York are surging past international price benchmarks as traders brace for potential sweeping import tariffs under Donald Trump’s administration. Front-month Comex silver futures are trading at a premium of more than $0.90 per ounce over London spot bullion prices, nearing December peaks fueled by Trump’s pledges to apply universal...
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