Peruvian miner Buenaventura posted a fourth-quarter net loss on Thursday of $6.1 million, versus a profit of $120.1 million in the same period a year ago due to lower silver and base metal prices. For full story, click here
Endeavour Silver Corp. reported that it has closed CA$14 million in private placement financing of five year 10% subordinated unsecured convertible redeemable debentures. For full story, click here
Peru, a leading global metals exporter, increased production of silver in January over the same month a year ago, despite softer mineral prices. For more information, click here
Silver Standard Resources Inc. announced the closing of its previously announced public offering of common shares. For more information, click here
U.S. Silver Corporation reported that NI 43-101 compliant proven and probable reserves at its 100% owned Galena Mine Complex near Wallace, Idaho have increased to 20,976,700 ounces of silver contained in 1,148,800 tons of ore at an average grade of 18.26 ounces of silver per ton (oz/t) plus 5,050 tons of copper and 43,320 tons [...]
Coeur D’Alene Mines Corp announced that fourth-quarter profit declined as precious metal prices were lower, but it said it would produce more gold and silver in 2009 at expected higher prices. For more information, click here
Reno-based Itronics, Inc. looks to double ‘green silver’ sales this year as the Company moves closer to enhancing refinery capacity ten-fold. For full story, click here
Silver prices nosedived in the bullion market in India on persistent stockists offerings on the back of fall in global markets amid lack of industrial demand. For more information, click here
Fresnillo’s financial position was undercut by a huge tax bill and foreign exchange losses. For more information, click here
MAG Silver Corp. reported an update for the Juanicipio project located in Zacatecas State, Mexico. MAG holds a 44% interest and Fresnillo plc owns the remaining 56% interest in the project at Juanicipio through the Minera Juanicipio S.A. de C.V. joint venture company. For more information, click here
Saturday, February 28, 2009