By Melissa Pistilli-Exclusive to Silver Investing News The silver price fell yesterday on profit taking and rising equities as risk appetite re-entered the markets with renewed optimism over economic recovery. The markets reacted well to the U.S. government’s plan to purge toxic assets from the banks, which lent strength to hopes such actions will revive [...]
Endeavour’s business model of acquiring fully built and permitted mines in historic silver districts that have run out of ore but were never fully explored requires us to bring the capital and expertise needed to explore for and discover new high grade silver-gold ore-bodies. For full story, click here
A Canadian company has bought mining rights in the Mogollon silver and gold district of southwestern New Mexico. Columbus Silver Corp. of Vancouver, British Columbia, says John Livermore sold the rights on about 2,400 acres to the silver exploration and development firm. For full story, click here
Saudi Arabian investors look set to emerge as the biggest buyers of gold and silver shares in the coming week as the leverage that these stocks offer to rising gold and silver prices becomes increasingly attractive. For full story, click here
Silver Dragon Resources Inc.said that Gansu Shengda Group Ltd. (Shengda), a private Chinese conglomerate, has agreed to acquire 52% of the equity interests in Sanhe Sino-Top Resources & Technologies, Ltd. from Huaguan Industrial Corp., Silver Dragon’s state-owned Chinese joint venture partner. For full story, click here
Constitution Mining Corp. (said that the company hasbuy 25% interest in the Mineral Rights for 382 km2 of mining properties in the district of northeastern Peru. For full story, click here
HuntMountain Resources informed about the acquisition of the El Milagro mining concession in the Chinipas district of western Chihuahua State, Mexico. For full story, click here
Silverstone Resources Corp. said that it has agreed to buy 100% of the life-of-mine payable gold and silver output from Sherwood Copper Corporation’s Minto mine based in the Yukon, Canada. Darren Pylot Silverstone’s President & CEO , said: This transaction with Sherwood will more than double Silverstone’s silver equivalent ounces in 2009. We are very pleased to have [...]
Fortuna Silver Mines Inc. said that that it has given incentive stock options to its officers & employees to buy up to 850,000 shares exercisable for 10 years at a price of $0.85 per share. For full story, click here
Silver Dragon Resources Inc. buys its first mill, which is presently located in the Municipality of Chalchihuites, in the Mexican State of Zacatecas. Marc Hazout, President and CEO of Silver Dragon Resources Inc., said: The purchase of this mill will enable the Company to minimize its expenditures in Mexico and continue its three-phase exploration program to [...]
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