By Melissa Pistilli-Exclusive to Silver Investing News Those in the financial community have dubbed September 29, as ‘Black Monday’. It certainly was a dark day on Wall Street as the stock market tanked to unheard of lows in reaction to the House’s 228-205 rejection of Paulson’s US$700 billion bailout plan. The Dow Jones was the hardest [...]
Read the full article: "Silver lining for ‘Black Monday’"
Tuesday, September 30, 2008
Paramount Gold and Silver reports assay results from 3 drill holes at Clavo 99. The higher good grades in the deeper, northwestern extension of Clavo 99 have been confirmed by diamond drill holes SM-54, 60 and 61. As seen in previously reported holes SM-46, 50 and 52 close by to the northwest, hole SM-60 had both modest [...]
Read the full article: "Paramount Gold & Silver reports results..."
Tuesday, September 30, 2008
Silvercorp Metals reports the appointment of Dr. Robert Gayton as director. Dr. Gayton will also assume the role of chairman of Silvercorp’s audit committee. The Company has also appointed Ms. Maria Tang as interim Chief Financial Officer. Dr. Gayton graduated from the University of British Columbia (“UBC”) in 1962 with a Bachelor of Commerce and in 1964 earned [...]
Read the full article: "Silvercorp Metals appoints Dr. Robert Gayton..."
Tuesday, September 30, 2008
Hecla Mining reports its payment of preferred dividends in common stock. Each holder of the 6.5% Mandatory Convertible Preferred Stock will receive 0.3092 shares of Hecla’s Common Stock per share of Mandatory Convertible Preferred Stock. For full details of this press release, click this link. Silver Investing News researchers discovered Hecla’s payments described on their website. [...]
Read the full article: "Hecla reports payment of preferred dividends"
Monday, September 29, 2008
ECU Silver Mining reports a contractual agreement with MK Metals Trading for the sale of lead & zinc concentrates. This is an important event for the Company as it underscores the ability of the Company to realize value for its lead and zinc concentrates in a market where sales of mineral concentrates to smelters has been very difficult and [...]
Read the full article: "ECU Silver signs concentrate sales agreement"
Monday, September 29, 2008
Reuters reports iShares Silver Trust, holdings of the world’s largest silver-backed exchange-traded fund reached to a record 6,901.41 tonnes as stated on their website. The trust’s holdings have climbed nearly 7 percent since the beginning of September as buyers took advantage of lower prices to increase their holdings of the metal. Spot silver <XAG=> was quoted at [...]
Read the full article: "iShares Silver ETF holdings rise to record..."
Monday, September 29, 2008
Apogee Minerals reports it has received assay results from seventeen diamond drill holes completed at the Pulacayo deposit, Bolivia. These results are the final drill results from the just completed drill campaign to delineate a NI 43-101 resource for the upper part of the Pulacayo deposit. All data has been transferred to Micon International who will provide [...]
Read the full article: "Apogee intersects silver at the Pulacayo..."
Monday, September 29, 2008
AFX News reports gold remains steady in Europe while silver prices falls from its previous fix. – * Silver fixes at 1,306.00 U.S. cents, below its previous fix of 1,318.00 cents. * Spot silver falls to $12.90/12.98 by 1117 GMT from $13.29 an ounce at its nominal close in New York on [...]
Read the full article: "Silver fixes lower, gold steady in Europe"
Friday, September 26, 2008
RIA Novosti reports that a Geologiocal expert says Kamchatka Peninsula, Russia has at least 1,200 metric tons of gold and 8,000 tons of silver. Speaking at a scientific conference in Petropavlovsk-Kamchatsky, Viktor Okrugin of the Institute of Volcanology and Seismology, the Russian Academy of Sciences, said Kamchatka is one of the most promising gold regions in [...]
Read the full article: "Kamchatka has 1,200 tons of gold, 8,000 tons..."
Friday, September 26, 2008
INO.com reports shares of some top silver mining companies are mixed today. Hecla Mining rose $.25 or 4.5 percent, to $5.79. Pan American Silver rose $.44 or 1.8 percent, to $24.85. Silver Standard rose $.51 or 2.5 percent, to $20.95. Silver Wheaton fell $.14 or 1.4 percent, to $9.62. For complete story, click this link. [...]
Read the full article: "Early glance: silver companies"
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Tuesday, September 30, 2008