Barrick Gold boosts stake in Hercules amid takeovers craze

Operations have been suspended and an investigation is underway.

World’s top 50 mining companies build on gains in the first quarter of 2023, but remain well below valuations this time last year as M&A fever grips the sector.

Silver is a unique precious metal that derives demand from scarcity and also industrial applications. So how has it done during recessions?

The investment allows Rio to maintain its approximate 7.84% interest.

Results were driven mainly by a 27% output increase at the Guanacevi mine and to a 1% jump at the Bolañitos mine, also in Mexico.

Precious metals are back in the spotlight in 2023 as signs of economic slowdown continue to surface and cause uneasiness among investors, in turn driving up the appeal of safe havens.

A recent federal government report shows that about 7% of Mexico’s mining concessions are located within protected areas.

The company recently delivered an updated resource estimate for the Avino property.

Hecla is the largest silver producer in the US, and is projected to also be the largest in Canada.