Peru’s Buenaventura posts Q4 loss as prices decline

Saturday, February 28, 2009

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 Completes CA$14 Million Private Placement

Saturday, February 28, 2009

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’s silver output up in January

Saturday, February 28, 2009

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

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Silver Standard reports Closing of Public Offering

Saturday, February 28, 2009

Silver Standard Resources Inc. announced the closing of its previously announced public offering of common shares. For more information, click here

U.S. Silver Reports Reserves Increase by 20 Percent

Saturday, February 28, 2009

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 increasing silver production

Saturday, February 28, 2009

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

Itronics Looks to Double sales of Green Silver

Saturday, February 28, 2009

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

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Silver declines further on stockists offerings in India

Saturday, February 28, 2009

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 silver lining is undercut by tax bill and forex losses

Thursday, February 26, 2009

Fresnillo’s financial position was undercut by a huge tax bill and foreign exchange losses. For more information, click here

MAG Silver Reports First Indicated Resource

Thursday, February 26, 2009

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

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