Precious and base metals developer Adriatic Metals has appointed Laura Tyler as managing director and chief executive officer. Tyler has served as Interim CEO since 9 August. “The Board has undertaken an extensive search for Adriatic’s next leader and is pleased to announce [Laura Tyler’s] appointment as the Board’s unanimous choice. Laura has an abundance of experience in underground, polymetallic…
Read MoreTag: precious metals
Sibanye-Stillwater PGM mines face layoffs
Sibanye-Stillwater – the owner of the only platinum and palladium mines in the U.S. – has plans to lay off 700 employees at its operations in Montana due to declining prices for palladium, reported the Associated Press. The news agency said Sibanye-Stillwater Executive Vice President Kevin Robertson explained in a letter to employees that the price of the precious metal…
Read MoreGuanajuato’s Cata mill restarts
Canadian-based miner Guanajuato Silver has confirmed the start of precious metals processing at the Cata mill at its Valenciana mines complex in Mexico as it advances big plans for the asset. Company chairman and CEO James Anderson said that, with the mill now operational, it is adding a third processing facility to its operational asset portfolio. The miner acquired the…
Read MoreFirst Majestic to sell Mexican royalty portfolio to Metalla
First Majestic Silver has entered into a royalty purchase agreement dated November 25 to sell a portfolio of eight royalty interests in Mexico to Metalla Royalty & Streaming for a total consideration of $20 million in common shares of Metalla. The consideration will be paid upon closing of the transaction, which is expected to occur in the first quarter of…
Read MoreCoeur unloads Crown and Sterling assets
The transaction to sell U.S.-based Coeur Mining’s Crown and Sterling holdings in Nevada to a subsidiary of AngloGold Ashanti has closed. Under the terms of the previously announced deal, Coeur received cash consideration of $150 million at closing. The precious metals producer will receive an additional deferred cash consideration of $50 million upon Crown Sterling attaining a total resource of…
Read More