Latest Silver Mining News

Tolu Minerals has set out a Q1 2027 restart target for its Tolukuma gold-silver mine in Papua New Guinea, backed by a recently upgraded 909,000-ounce resource and refurbishment of an existing processing plant. The company says it has sufficient funding to reach production, but the timetable remains dependent on mine development, plant work and operating execution.

Silver Mines has built a substantially larger economic case for Bowdens, but the project still needs NSW approval before its 93.5 million ounce reserve can become a mine. The company is now funding the next phase with a A$70 million placement while absorbing dilution and a major royalty buy-back.

Silver Mines has completed the $26 million buyback and extinguishment of two private royalties over its Bowdens Silver Project, paying $18 million in cash and issuing $8 million in shares. The move removes the royalty interests over EL5920 as the project enters its next approvals phase.

Fitzroy River has completed the sale of its Bowdens Silver royalty for A$17.5 million, receiving A$10 million in cash and A$7.5 million in Silver Mines shares. The company has not yet disclosed how or when the proceeds will be returned to shareholders.

Global X Silver Miners ETF (ASX:SLVM) reported a $13.915 million loss in its first financial reporting period, driven overwhelmingly by fair-value and foreign-exchange losses on listed silver-mining equities. The fund then disclosed that its net asset value rose by more than 10% after 30 June, highlighting the sharp market swings embedded in the strategy.

Fitzroy River says conditions for its A$17.5 million Bowdens Silver royalty sale have been satisfied, with completion and receipt of funds expected within the coming week. The company plans to return most net proceeds to shareholders, although the amount, structure and timing remain undecided.

Silver Mines has secured firm commitments for a $70 million placement, giving the company more funding to advance its Bowdens Silver Project through development approvals and engineering studies. The raise also supports royalty acquisitions, exploration and land access, although nearly 43% of the new shares still require shareholder approval.

West Coast Silver has secured a prospecting licence immediately west of its Elizabeth Hill mining lease, opening a new near-mine exploration target with historical silver, copper, nickel and palladium anomalism. The company plans to validate the old data before deciding whether to drill.

West Coast Silver has added a 70%-owned prospect immediately west of its Elizabeth Hill silver mine, with historical results pointing to silver, copper, nickel and palladium potential. The targets remain early-stage: the company plans data review, fieldwork and geophysics before deciding whether to drill.

Silver Mines is seeking A$70 million from investors while agreeing to spend A$26 million to remove two private royalties from its Bowdens Silver Project. The strategy could simplify Bowdens’ economics, but the royalty deals depend on securing at least A$50 million in placement commitments and meeting approval conditions.

Fitzroy River has agreed to sell its long-held Bowdens Silver royalty to Silver Mines for A$17.5 million, including A$7.5 million in Silver Mines shares. The company intends to return the net proceeds to shareholders, but completion remains conditional on funding and regulatory steps.

Silver Mines says NSW planning authorities have reaffirmed that the Bowdens Silver Project is in the public interest and approvable subject to strict conditions. The Independent Planning Commission will resume its public hearing in October, with a final decision expected by 9 December 2026.