A Vancouver native, Charlotte recently graduated from Simon Fraser University, where she majored in English and Humanities. During her time there, SFU’s Writing and Communications program caught her attention, and she began working towards a Certificate in Editing. After completing an editorial internship at Vancouver’s Western Living magazine in the fall of 2010, she knew that she wanted to pursue editing further.
Charlotte started working for the Investing News Network in the spring of 2012 and now specializes in writing about diamonds, precious metals, base metals and graphite. She received her Certificate in Editing in 2013.
iNVEZZ.com 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.
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.
Golden Arrow Resources ended last week on a high note, announcing Friday the results of further drilling at its Argentina-based Chinchillas silver-lead-zinc deposit. It also announced a US$537,000 non-brokered private placement.
The silver price took a hit this week on the back of a Greece-driven stock market rally. Companies active in the space include Teck Resources, which reportedly said it “could sell silver streams from its mines to increase liquidity.”
iNVEZZ.com 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.
Reuters reported that Tahoe Resources Inc.’s (TSX:THO,NYSE:TAHO) share price fell over 9 percent after Goldcorp Inc.’s (TSX:G,NYSE:GG) offering of nearly C$1 billion worth of the company’s stock was met with lackluster demand.
Santacruz Silver Mining Ltd. (TSXV:SCZ) announced that Impulsora Minera Santacruz SA de CV, its subsidiary, has renegotiated the terms of its agreement to acquire the Mexico-based San Felipe project and adjacent El Gachi property.