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Company News
Sun Silver’s fast-tracked IPO and ASX listing highlights booming sector interest
After smashing the record for the fastest initial public offering (IPO) raising on the Automic investor portal, Sun Silver (ASX: SS1) is set to list with a significant bank balance and a high-quality silver project at a time when interest in the precious metal is flying. Sun Silver is scheduled to make its ASX debut […]
Silver faces ‘unprecedented’ shortages as demand outpaces supply
Of the commodities, silver comes in second (after oil) for the number of uses, according to the Toronto-based Sprott Asset Management. It is the most reflective of all metals, it is a great conductor of heat and electricity, it resists corrosion and oxidation, and it has micro-bacterial and anti-microbial qualities. And, of course, it can […]
Receivers take over Sukin brand owner BWX, Silver Mines’ Bowden project gets greenlight and Rio Tinto backs Energy Resources’ raising
Receivers were called-in for beleaguered BWX (ASX: BWX) after it announced appointed FTI Consulting as voluntary administrators on Monday. The voluntary administration was expected to help restructure BWX and give it the best chance of future profitability after a tumultuous 2022 that drove net profit after tax down more than 1,767% to a $100.8 million […]
Silver set to shine next year, says Citi
Silver’s 25% fall since March to around US$19 an ounce has rattled confidence in the poor man’s gold, but a series of signals point to a bounce next year with Citi, a leading investment bank, pencilling in a possibly return to US$25/oz. That price forecast is the peak in the bank’s probability-based assessment of silver, […]
Silver to have bonanza 2022 after record demand last year
The Washington-based Silver Institute is forecasting demand for silver this year to set a record of 1.112 billion ounces, which is after turning in an estimated 1.029Boz in 2021 — itself a new record. And that boost in offtake this year is expected to be spread across most key demand components: industrial, bullion, jewellery and […]
Silver supply doubts grow as Australia gears up to bring on mines
Signs are emerging that the silver sector is facing a shake-up — and one that could play into the hands of primary producers of the metal. This is coming at a time when Australia’s silver sector has sprung back to life after years of dwelling in the doldrums — and all the four leading contenders […]
Australian silver stocks soar after Reddit crowd turns attention to squeezing metal supply
It turns out that surges in silver stock prices and volumes on Friday at the ASX was just a curtain-raiser for Monday’s action. After a weekend of a news flood that the Reddit crowd — who haven’t yet finished inflicting pain on hedge funds for the shorting in the cases of GameStop and others — has now […]
Thomson Resources joins the silver rush, buys two NSW projects
Gold and tin explorer Thomson Resources (ASX: TMZ) is joining the growing primary silver exploration sector by acquiring two historic mine projects in northern NSW, once Australia’s silver elephant country. Silver Mines (ASX: SVL) is vending the Webbs and Conrad silver projects in return for a 19% stake in Thomson, that company saying it wants […]
Silver mine production faces challenges due to COVID-19, global output to drop 6.4%
With the silver price soaring as safe haven demand kicks in among investors comes the news that mine output is certainly going to be disrupted in 2020 due to the global pandemic — but no one knows how badly. According to the Silver Institute’s World Silver Survey 2020, the situation as it relates to mining is evolving […]
Silver Mines increases drilling at Bowdens targeting high-grade silver below proposed pit
Silver Mines (ASX: SVL) is expanding the diamond drilling campaign at its Bowdens NSW project to up to 10,000m as a fast-rising silver price will mean increased investor focus on potential new exploration projects. The primary targets of the drilling campaign are the high-grade silver lying below the current proposed pit and “multiple” new targets […]