In their annual yearbook, New York precious metals consulting firm CPM Group has forecasted that the net surplus in silver is expected to surge to 182.1 million ounces this year, which will approach the record 222.2 million ounces of silver purchased in 1980. For full story, click here
Minco Silver Corporation declared that it has received the Mining Area Permit for the Fuwan Silver project located in Guangdong province, China. For full story, click here
Kootenay Gold (TSX-V:KTN) annouced today the results from surface sampling of the Dorotea Structure at its Promontorio project in Northwest Mexico. Maximum values fromt he 22 samples were 45.6g/t gold and 587 g/t silver with average values for copper, lead and zinc of 0.2%, 1.3% and 0.11% respectively. Kootenay’s CEO Jim McDonald is quoted as [...]
Reed Resources Ltd. has declared that it has entered into a binding agreement with Polymetals Group Pty Ltd giving Reed an exclusive option to acquire the Nimbus Silver Project and Processing Plant, 15km southeast of Kalgoorlie. For full story, click here
Hecla Mining Company declared that its net income applicable to common shareholders of $3.9 million, or 2 cents per common share, on revenue of $54.7 million in the first quarter of 2009, compared to net income of $12.1 million, or 10 cents per common share, on revenue of $37.5 million a year ago. For full [...]
Silver Fields Resources Inc. declared that the Company has received notification from the Saskatchewan Ministry of Environment that the project proposal for the Company’s exploration program on the Old Channel Project located near Tobin Lake, has been approved. For full story, click here
Sabina Silver Corporation declared financial results for the year ended December 31, 2008 and a summary of 2008 Company events. Tony Walsh, President & CEO, stated: We are very much looking forward to what the rest of 2009 brings. For full story, click here
Silver prices dropped 1.22 per cent in the afternoon trade on Multi Commodity Exchange on lack of any buying support amid a weak global trend. For full story, click here
By Melissa Pistilli-Exclusive to Silver Investing News The latest events affecting short-term silver spot price fluctuations have come out of China and Mexico. Silver was trading higher Monday morning on news that China has been actively increasing its gold reserves and that the swine flu outbreak in Mexico has spread further North into the U.S., [...]
Gold and silver exploration firm Condor Resources declared that it believed Friday’s possible bid approach was connected to an EGM requisition received last month and was seeking more information from the potential bidder, Classdrive. For full story, click here
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