Silver closed up for the fifth straight day on ongoing supply issues, and concerns over debt, inflation and instability. Most analysts forecast a strong year for silver, with prices outpacing that of gold.
Fortuna Silver Mines Inc. declared the release of an updated NI 43-101 compliant mineral resource and reserve estimate for the Caylloma Mine located in southern Peru. Caylloma is currently in production at a rate of 1,200 tpd and is forecast to produce 1.6 million ounces of pure silver in 2009. For the first half of [...]
What is silver streaming? Is it a technical term or a business model? Or precisely, what does the world’s largest silver streaming company- Silver Wheaton Corp with a 2009 forecast sales of 16-18 mn ounces of silver,17,000 ounces of gold do? Peter Barnes, President and Chief Executive Officer of Silver Wheaton, stated: We are extremely [...]
Although silver experienced a strong run during the first quarter, Fortis Bank/VM Group announced that the silver price appears to still be in something of a no-man’s land. For full story, click here
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