A team of chemists has achieved a significant breakthrough by developing new light-emitting materials based on organic palladium compounds, potentially heralding a new era for LED technology. This discovery could pave the way for the next generation of LEDs, finding applications in smartphone displays, monitors, and even night vision devices. The research, backed by a grant from the Presidential Programme...
Precious metals
Zimbabwe’s Platinum Sector Achieves Record Production Amid Global Challenges
In defiance of global economic pressures affecting the platinum industry, Zimbabwe has reported a significant increase in its platinum production, marking a notable achievement in the sector. According to the latest findings from the World Platinum Investment Council (WPIC), the country’s platinum production in the fourth quarter of 2023 escalated by 8% year-on-year, reaching an unprecedented high of 133,000 ounces....
Riley Gold and Kinross Gold Partner on Nevada Gold Project
Riley Gold has signed an agreement with Kinross Gold U.S.A., a subsidiary of Kinross Gold Corporation, to allow Kinross to earn up to a 75% interest in the Pipeline West/Clipper Gold Project (PWC) in Lander County, Nevada. This deal involves Kinross spending a minimum of $20 million on exploration and development. Located in the gold-rich Cortez District along the Battle...
Southern Palladium Cautions on PGM Price Volatility Affecting Bengwenyama Project Sentiment
Southern Palladium expressed concerns yesterday that fluctuating prices of platinum group metals (PGM) could potentially dampen investor interest in its prominent Bengwenyama project, currently at an advanced exploration stage in South Africa’s Bushveld Complex. This revelation comes despite a 6.58% increase in the company’s share price, closing at ZAR 5.99 (USD 0.32) on the Johannesburg Stock Exchange (JSE). The company...
Sibanye Stillwater Faces $2 Billion Loss Amid Palladium Market Challenges
Sibanye Stillwater, the Montana-based palladium mining operation, has reported a substantial $2 billion loss for 2023, attributing the downturn to an oversupply in the metals market that has led to a significant slump in prices. The multinational miner, with over 1,600 employees and contractors at its East Boulder and Stillwater mines, has faced challenging market conditions for platinum group metals...
Silver Institute Welcomes New Members
The Silver Institute, a prominent body representing the silver industry, is announced the addition of five new members to its global consortium. This expansion includes companies from Australia, Switzerland, Singapore, and the United States, showcasing the Institute’s broadening international influence. The new members span a diverse range of operations within the silver sector:
Zimbabwe Achieves Record Platinum Production Amidst Global Price Challenges
Zimbabwe has made an achievement in its platinum production, surpassing half a million ounces for the first time in 2023, as reported by The Sunday Mail Business. This milestone of 507,000 ounces represents a 6% increase from the previous year, thanks to strategic investments that have enhanced operational stability. Positioned as the world’s third-largest holder of platinum group metals (PGM)...
Fortuna Silver Mines Announces 2023 Fourth Quarter and Yearly Financials and Operations Update
Fortuna Silver Mines has released its financial and operational outcomes for both the fourth quarter and the entirety of 2023. The company, based in Vancouver, British Columbia, encountered a net loss of $92.3 million or $0.30 per share in the fourth quarter due to non-cash impairment charges of $90.6 million, culminating in a total net loss of $50.8 million for...
Global Platinum Supply Dwindles Amid Rising Demand, South African PGM Miners Face Challenges
Despite a surge in demand for platinum group metals (PGMs), the global supply of this crucial metal, essential for the automotive industry, is anticipated to decline this year. This downturn is partially attributed to mining companies, including prominent South African firms, shuttering unprofitable shafts and downsizing their workforce. South Africa, together with Zimbabwe, boasts the world’s most extensive platinum reserves....
Argonaut Gold Reports 2023 Performance and Plans for 2024
Argonaut Gold announced its financial and operational results for the fourth quarter and the end of the 2023 fiscal year. In 2023, the company focused on key objectives, including the on-schedule commissioning of the Magino mine, improving the performance of the Florida Canyon mine, and enhancing operations at its Mexican mines. The company reported exceeding its production guidance by 9%,...