First Majestic Reports 10% Higher Q1 Profit
Mining Weekly reported that higher production and silver prices helped First Majestic Silver (TSX:FR) to a 10% boost in quarterly profit.
Silver Market News Directory
Fortuna Reaches Record High Earnings
IBTimes reported that Fortuna Silver (TSX:FVI,NYSE:FSM) reached record first quarter income with earnings of $11.1 million.
Lower Silver Prices Cause Alexco Net Income Drop
Mineweb reported that Alexco Resource Corp.'s (TSX:AXR) first quarter net income fell due to lower silver prices.
Analysts Foresee Silver Rally
Bloomberg reported that market analysts are bullish and expecting a recovery in the silver market.
Tahoe Increases Escobar Estimates and Plans Expansion
Mining Weekly reported that Tahoe Resources (TSX:THO) said it has increased the silver resources at its Guatemala-based Escobar project.
Higher Costs Hurt Hecla Mining Profits
CNBC News reported that Hecla Mining (NYSE:HL) said cost overruns resulted in a lower quarterly profit.
Higher Prices Boost Endeavour Silver’s Profits
Reuters reported that Endeavour Silver (NYSE:EXK) said increased output and higher silver prices helped the company to a 35% quarterly profit increase.
Silver Futures Trading Could Make China an Important Player
Mineweb reported that China could begin to dominate the silver market as the world's largest silver consumer starts trading silver futures.
Coeur D’Alene Shares Fall on Lower Profit Report
CNBC News reported that Coeur d'Alene Mines Corp's (NYSE:CDE) shares fell 4% after lower production caused it to miss profit estimates.
Philex Silver Production Down
BusinessWorld Online reported that silver production for Philex (OTC Pink:PXMFF) fell in April.
