Mining companies advance precious metal projects amid supply gaps

Mining companies are advancing key precious metal projects amid shifting market dynamics. Skeena Resources Limited is progressing with the construction of the Eskay Creek project, targeting production by 2027. Simultaneously, Vizsla Silver Corp. is preparing for construction at its Panuco site following a positive feasibility study.

The silver market faces a significant supply gap. The World Silver Survey 2026 projects a market deficit of 46.3 million ounces for the year, following a 40.3 million ounce deficit in 2025. This marks the sixth consecutive year where demand has outpaced supply, driven by industrial uses in electronics, photovoltaics, and automotive technology.

In Australia, Southern Cross Gold Consolidated Ltd. is entering a new phase at its Sunday Creek gold-antimony project in Victoria. Recent exploration has identified high-grade mineralization at the Apollo East and Rising Sun sites. Additionally, authorities have accepted a mining license application for the historical Golden-Dyke area, moving the project toward mine development.