Silver Mining in Canada

Silver Mining in Canada

Canadian silver production came to 646 tonnes in 2014, and the country is the 10th-largest producer of the metal in the world. While mines in Ontario and Quebec produce most silver in Canada, exploration is taking place British Columbia, Nunavut and Yukon.

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David Morgan: ‘We’re Living in a Rigged Game’

Those focused on the silver space know that for market insight one need look no further than David Morgan. Resource Investing News thus made sure to chat with him at last week's PDAC convention.

Company News

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Avrupa Minerals Announces $400,000 Private Placement

Avrupa Minerals Announces $400,000 Private Placement

Avrupa Minerals (TSXV:AVU) announced a private placement for gross proceeds of $400,000. Each $0.10 unit of the placement will have a four-month hold period and will be made up of one common share plus a warrant to purchase another common share at $0.15 for a period of up to three years.

Goldcorp Closes Secondary Offering of Tahoe Resources Shares

Goldcorp Inc. (TSX:G,NYSE:GG) announced that it's closed its secondary offering of Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) shares. It sold 58,051,692 Tahoe common shares that it held beneficially for C$17.20 per share; that amounts to gross proceeds of about C$1 billion.

Electrum Global Holdings Acquires Shares of Southern Silver Exploration

Electrum Global Holdings Acquires Shares of Southern Silver Exploration

Electrum Global Holdings has acquired 9 million units of Southern Silver Exploration (TSXV:SSV). Electrum now owns 45.67 percent of Southern Silver shares, plus warrants, which, if exercised, would up its ownership to 62.71 percent of issued and outstanding shares.

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Company Videos

Kootenay Silver CEO Jim McDonald Talks New Silver Discovery in Mexico

Kootenay Silver (TSXV:KTN) CEO Jim McDonald spoke to the Investing News Network at Red Cloud's pre-PDAC event in Toronto about Promontorio Silver mine in Sonora State, Mexico. In 2014, the Company made a new discovery on the property called the La Negra Breccia Silver Discovery, north of Promontorio. The La Negra system is "big silver system, potential for a low cost, leaching, open-pit operation" according to Mr. McDonald. In 2015, investors can look forward to drilling at La Negra, which started in February, and Mr. McDonald adds, "after which, we are looking to do a resource calculation."

Endeavour Silver: CEO Brad Cooke Says, “Be Patient”

Brad Cooke, founder and CEO of Mexico-focused silver and gold miner Endeavour Silver, told Silver Investing News, "if anybody's afraid of the current downdraft in the metal prices, just be patient."

Market News

Silver Futures Slide Despite Greece Uncertainty reported that on Tuesday, silver futures "extended a bear run" despite negative developments in Greece. Specifically, COMEX silver futures for September delivery were down 0.45 percent, at $15.655 per troy ounce, on Tuesday morning.

Silver Falls as Dollar Rises

Silver fell 1.6 percent to hit $15.81 an ounce on Tuesday, Reuters reported.

Silver Price to Remain Under $16 for Next Few Months reported that according to Philip Newman of Metals Focus, the silver price will likely remain just under $16 per ounce for the next few months. In the fall, he sees the price rising to just under $17.

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