NewKerala.com reports precious metals recovered today with silver going up by Rs 270 per kg. The white metal crashed by Rs 350 per kg and Gold by Rs 305 per ten gm yesterday. The white metal opened high at Rs 24,890 per kg, on fresh stockists demand following firm global cues and finished at Rs 24,885, [...]
Read the full article: "Gold, Silver prices recover"
Thursday, July 31, 2008
The Canadian Business reports High River Gold Mines its struck a deal to acquire the remaining 50 per cent interest in the Prognoz silver project in Russia. Under an agreement announced Thursday, High River will issue 34.1 million shares, worth $54.6 million, to the seller. The shares represent about 9.9 per cent of High River. In addition, [...]
Read the full article: "High River Gold to acquire remaining 50% of..."
Thursday, July 31, 2008
Reuters reports iShares Silver Trust holdings exceeded 200 million ounces this week. IShares Silver Trust, which is managed by Barclays Global Investors, had 201.8 million ounces of silver as of July 29, trade group Silver Institute said in a statement. At the end of 2007, the top silver ETF held 168.7 million ounces of silver bullion. Michael DiRienzo, [...]
Read the full article: "REFILE-IShares Silver holdings exceed 200..."
Thursday, July 31, 2008
Eagle Plains Resources & Blind Creek Resources jointly reports that they have mobilized crews and equipment to begin a diamond drilling program on the Blende property, Yukon. Numerous high-grade intersections have been reported by past operators, including hole 88-02 which assayed 282 g/t (8.22 oz/t) silver, 12.2% lead, and 4.4% zinc over 19.8m from a depth of 70.7 [...]
Read the full article: "Eagle Plains/Blind Creek reports drilling..."
Wednesday, July 30, 2008
Minera Andes Inc. reports details of the San Jose mine performance to June 30, 2008. The San Jose project is operated by Minera Santa Cruz S.A. (“MSC”) and is owned 49% by Minera Andes and 51% by Hochschild Mining plc (“Hochschild”) (HOCM.L: Reuters and HOC LN: Bloomberg – London Stock Exchange). Hochschild is the operator [...]
Read the full article: "Minera Andes reports 2nd quarter gold/silver..."
Wednesday, July 30, 2008
The Silver Institute reports July 29th, the iShares Silver Trust exchange-traded fund (ETF) achieved a major milestone as over 200 million ounces of physical silver are currently held by the trust. Launched in April of 2006, this investment vehicle–trading on the American Stock Exchange under the symbol “SLV”–has proven in just over two years to [...]
Read the full article: "Silver exchange-traded fund crosses over 200..."
Tuesday, July 29, 2008
By Melissa Pistilli – Exclusive to SilverInvestingNews.com It’s been a pretty slow and uneventful last few days, typical for this time of year in the resource sector. Activity on the precious metals front has been relatively quiet. Silver experienced a very modest rise to close at $17.49/oz on Monday over concerns of a chance rebound [...]
Read the full article: "The Slow Days of Summer"
Tuesday, July 29, 2008
Mineweb(Editorial) reports silver outperforms most metals but its mysterious as ever. Amid the hammering of listed resources stocks over the past two months, and the more recent heavy sell off of commodities, silver exchange traded funds (ETFs), represented mainly by the US-listed iShares Silver Trust, stand out as one of the most resistant commodity-linked securities. [...]
Read the full article: "Silver: mysterious as ever"
Tuesday, July 29, 2008
Brownstone Resources reports has not made a decision to continue with plans for the Elliot Lake prospective uranium property. The company will instead focus their efforts on the exploration and development of the LS Grande gold/silver/copper property in Arizona. Management will continue to keep investors and shareholders updated as our field programs yield results. For full details [...]
Read the full article: "Brownstone reports on recent activity"
Tuesday, July 29, 2008
Dia Bras Exploration reports new drilling results from ongoing 20,000-metre exploration program, Bolivar project and reports new appointments to the Company’s management team. Of particular interest is hole DB08B248 that intersected 18.1 metres core length (estimated true width of 11.6 metres) of 2.2% Cu, 0.72 g/t Au, 32 g/t Ag and 26.4% Fe in the lower skarn horizon. [...]
Read the full article: "Dia Bras reports significant drill..."
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Thursday, July 31, 2008