Toronto-based Excellon Resources plans to move ahead with the purchase of Silver Eagle Mines despite its tight cash flow situation. Company IR official Morgan Knowles, said: We wouldn’t be proposing something like this if we weren’t sure we had the money to do it. For full story, click here
Avinao Silver & Gold Mines Ltd. has issued a update on its various projects. The release includes updates on the mine rehabilitation, the bulk sample and mining permits at the San Gonzalo project. According to the release Avino is well funded and continuing to invest. The release goes on to say: While the current market [...]
By Melissa Pistilli-Exclusive to Silver Investing News For silver, 2008 was a record year as the precious metal hit $21.34/oz in March and managed to maintain a healthy level until the current global economic crisis sent investors pouring from the market in the fourth quarter. Since September, I have heard some of the most respected [...]
Silver Eagle Mines, which owns a silver and base-metals mine in Mexico, is considering “all potential alternatives” after it was not able to arrange debt financing. For full story, click here For company’s website, click here
Listed Atlas Consolidated Mining and Development Corp. is set to issue $48 m in cash advances to subsidiary Carmen Copper Corp. for the rehabilitation of the Toledo mine. Once fully operational, the mine will produce as much as 260,000 ounces of silver among other metals per year. For full story, click here For company’s website, click here
Overview Copper Canyon Resources Ltd. (CPY:TSX-V) is a Canadian exploration and development company formed in June 2006 in a spin-off from Eagle Plains Resources (EPL:TSX-V). CPY seeks to add shareholder value by applying the joint venture model to advance its projects to production. Copper Canyon, the most significant property, is located adjacent to the Galore [...]
Overview Abcourt is a 100% owner of the Abcourt-Barvue silver zinc mine, located near Val d’Or, Quebec. This mine was in production from 1985 thru 1990. Abcourt is making preparations to go back into production and is considered near term. Feasibility study completed in July, 2007. The resource is National Instrument 43-101 compliant. The first [...]
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