Silver's movement this week has largely been driven by gold, but unfortunately the yellow metal's good fortune hasn't translated into significant gains for its white counterpart.
Articles Tagged "Apogee Silver Ltd."
Silver spot prices have rallied on expectations that quantitative easing will continue for longer than previously expected.
Apogee Silver Ltd. (TSXV:APE) announced that it has exposed a number of mineralized vein systems in preproduction mining at its Bolivia-based Pulacayo project. That includes one vein with average grades of 868 g/t silver, 11.95-percent lead and 5.05-percent zinc over a strike length of 97 meters and an average width of 0.61 meters.
Apogee Silver Ltd. (TSXV:APE) announced the closing of a private placement offering of 70,370,000 Units at a price of $0.05 per Unit, for aggregate gross proceeds of $3,518,500.
Apogee Silver Ltd. (TSXV:APE) provided an update on the Pulacayo development. The Company conducted further bulk-scale flotation tests undertaken on mineralized material from the project and recovery results are improving. Zinc-silver concentrates were also produced. The Company also filed a NI 43-101 Technical Report on SEDAR.
Silver overcame downward pressure this week. With gains through Thursday, bulls now have a slight technical advantage.
Apogee Silver Ltd. (TSXV:APE) announced the results from a positive Feasibility Study meant to advance the silver-lead-zinc deposit in the Company's Pulacayo property in Bolivia. The Feasibility Study confirms the technical and financial viability of a silver-lead-zinc mine at the Pulacayo property and 2.6 million silver equivalent ounces are expected to be produced per year on average for the first six years.
Apogee Silver Ltd. (TSXV:APE) received US$ 609,000 from Consorcio Minero S.A. (Cormin), a wholly-owned subsidiary of the Trafigura Group - approximately 85% of the gross proceeds - for the delivery of over 95 dry tonnes (DMT) of lead-silver and 99 DMT of zinc-silver concentrates after its successful custom milling, bulk-scale flotation tests undertaken on mineralized material from the Pulacayo Deposit. Once final analysis of the concentrates is completed, the outstanding balance will be expected early in 2013.
After losses last week prompted by one central bank — the Federal Reserve — silver gained on news from the ECB, another central bank.