South Africa’s Minerals and Energy department had given Great Basin the mining rights for its Burnstone mine, in the Witwatersrand area. Ferdi Dippenaar, Great Basin Gold president and CEO, said : Great Basin Gold and Tranter Gold view this as a significant milestone, which paves the way to deliver the project as planned. What is just as [...]
Montana Tunnels Mining has got one of the 2 permissions required to expand its operation in Jefferson City. For full story, click here For company’s website, click here
Apogee Minerals Ltd. said that the company has added some mineral resources at its Pulacayo-Paca project. David Gower, P.Geo., CEO of Apogee, said: The results are very encouraging and we have already started the work to consider possible production scenarios for the Project. The Pulacayo Deposit will be the initial focus because of the higher grades in [...]
Here’s an examination of the technical and sentiment backdrop of the silver mining company. For full story, click here
The demand for investment in the precious metal in 2008 is running at a full 25% of world mine production and over 20% of total production. Ted Butler, silver market analyst, said: Well, maybe not all buying is drying up, as reports that in the last 10 months. Some 150 million ounces of silver can easily [...]
According to the electronic activity before the pit session at the Comex division of the New York Mercantile Exchange, December silver may be up about 20 cents an ounce. For full story, click here
Silver Falcon Mining, Inc. said that the company is quite aggressive with its 3-stage transportation of the “Belle Peck” tailing piles. For full story, click here For company’s website, click here
Has the US dollar completed its meteoric rise? The dollar’s next move will impact the world economy as well as gold and silver prices. Jeffrey Christian, managing director of CPM Group, said: Daily liquidations of precious metals by hedge funds and other institutions have weighed heavily.However, once massive leveraged positions around the world are unwound, [...]
Spot silver fell to $8.81 an ounce an ounce from its previous finish of $9.01. For full story, click here
The prices of the precious metal made a new low at $8.46, but definitely, that was painting for the public. For full story, click here
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