By Melissa Pistilli – Exclusive to Silver Investing News After dropping more than $7 in the last month, the price of silver has shown some signs of a comeback this week. On Thursday, silver futures for December delivery climbed 69 cents to $13.84/oz, its largest gain for a most-active contract since 2006. Commodities have posted [...]
Bloomberg.com reports silver declined while gold fell on speculation with an overdone 5.2 percent rally. Last week’s gain, the most since July 2006, followed a five-week slide. The metal has dropped 20 percent from a record $1,033.90 an ounce in March, partly because the dollar has rebounded from an all-time low against the euro. For complete story, [...]
Sabina Silver Corp. reports favourable results from the initial 2008 drilling at Jo Zone at the Hackett River Project, Nunavut, Canada. The Jo Zone is located only 250 meters south of the Main Zone and both zones are approximately 3 kilometres from the proposed Hackett River mill site as defined in the Preliminary Economic Assessment (PEA) by [...]
U.S. Silver Corporation reports July silver production was 30% higher than the average monthly production in the 2nd quarter 2008 and 94 % higher than the average monthly production from 2007. In the short term, management expects production in August to be similar to the relatively higher levels of June and July. Plans are for production to increase [...]
INO.com news reports silver companies at midday, New York. Shares of some top silver companies are down at noon: For complete story, click this link. To view our latest in Silver News, click here. Follow developments in silver mining and exploration for free. Sign on to the Silver Investing Newsletter.
IMPACT Silver Corp. reports its second quarter earnings and it includes the results of the Royal Mines of Zacualpan Project, Mexico. Gross Revenues for the second quarter exceeded $1.75 million and net income for the quarter was $305,000 ($0.01 per share). Year-to-date cash flow from operations is $1,749,000, up $1,705,000 from $44,000 in 2007. Impact Silver says: IMPACT will be [...]
Cavan Ventures Inc. reports it has began its Phase 2 exploration program on Kaslo Property (formerly named Emerald Property) located in the Slocan Mining District, British Columbia, Canada. Phase 1 of the 2008 program which began in June consisted of installation of a 17 km geochemical soil grid. Results from this program have been received from Acme Labs [...]
Silver Falcon Mining reports the projected earnings estimates from the milling of the ore on its War Eagle project. Based on precious metal contents of Gold price at $800 dollars/ounce and Silver prices at $14 dollars/ounce, Silver Falcon Mining has $30.7 million of proven gross reserves based on assay averages of these three (3) tailing dumps accessible [...]
President and C.E.O. of Abcourt Mines Inc., Mr. Renaud Hinse reports closing of a non-brokered private placement. This involves flow-through and non-flow-through shares in variable amounts. So far, subscriptions for 1,644,000 flow-through shares and non-flow-through shares have been received for a total amount of $411,000. Each share is accompanied by a warrant giving the right to [...]
Sabina Silver Corporation reports the addition of two new members to its Vancouver management team. Mr. John Wakeford, P.Geo and Ms. Elaine Bennett, C.G.A. Both Mr. Wakeford and Ms. Bennett were also part of the management team at Miramar Mining. These new appointments along with the earlier appointments of Nicole Hoeller and Tony Walsh (respectively) allow [...]
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