MAG Silver Corp. (TSX:MAG)(NYSE Amex:MVG) announced the discovery of the extension, into MAG’s wholly owned ground, of one of the most productive high grade silver veins in Mexico’s historic billion-ounce silver producing Zacatecas District. The press release is quoted as saying: MAG is focused on district scale projects located within the Mexican Silver Belt. Our [...]
Continue reading "MAG Silver Discovers High-Grade Silver"
Monday, January 4, 2010
By Melissa Pistilli-Exclusive to Silver Investing News Precious metals prices were popping off of holiday lows Monday as traders returned to the markets. Gold had jumped as high as $1124 an ounce by 9:30am in New York and silver soared to $17.59 by 11am as a weaker dollar made the shiny cousins much more attractive. [...]
Continue reading "Silver Price Popping into 2010"
Monday, November 16, 2009
MAG Silver Corp. (TSX:MAG)(NYSE Amex:MVG) today announced the Company’s unaudited financial results for the nine month period ended September 30, 2009. The press release is quoted as saying: MAG is focused on district scale projects located within the Mexican Silver Belt. Our mission is to become one of the premier companies in the Silver Mining [...]
Continue reading "MAG Silver Reports Third Quarter Financial Results"
Tuesday, November 10, 2009
By Melissa Pistilli-Exclusive to Silver Investing News Gold is riding high on dollar weakness, increased risk appetite and inflation fears bringing its price per ounce above $1,100. Silver has come along for the ride, but hasn’t managed to hold a break over the $18 level. Concerns over sluggish industrial demand for base metals in general [...]
Continue reading "Can Silver Count On Gold?"
Monday, February 9, 2009
By Melissa Pistilli-Exclusive to Silver Investing News Fresnillo Plc has asked the Ontario Securities Commission to review MAG Silver’s [TSX: MAG] decision to halt valuation proceedings. The Mexican mining giant is calling the suspension “an inappropriate delaying tactic” towards its takeover bid. In December, the world’s largest primary silver producer announced a $4.54 a share [...]
Continue reading "Will MAG Silver’s shareholders sell?"
Monday, February 2, 2009
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 [...]
Continue reading "Silver to enter new era of respect"
Thursday, December 4, 2008
By Melissa Pistilli-Exclusive to Silver Investing News On Tuesday, shares of MAG Silver Corp. [TSX: MAG] [NYSE-A: MVG] climbed 13 per cent after the world’s biggest primary silver producer, Fresnillo PLC announced its takeover offer for the Vancouver-based junior miner. The senior silver producer is offering MAG US$4.54 a share for complete ownership. Earlier this [...]
Continue reading "MAG mystified by “take-under” offer"
Monday, November 17, 2008
By Melissa Pistilli-Exclusive to Silver Investing News Silver has managed to remain above the crucial psychological $9/oz level for the past week, holding steady above $9.20/oz. Chintan Karnani of Insignia Consultants believes Friday’s close was significant for both precious metals. “Technically, gold and silver are in a neutral zone with a slightly bullish bias,” he [...]
Continue reading "Mining shares: Get out or get in?"
Wednesday, October 15, 2008
MAG Silver reports that it has established a Special Committee of the Board of Directors to look at strategic alternatives for MAG Silver. This is in response to Fresnillo plc’s acquisition of 9,746,193 of the issued and outstanding shares of the Company representing a 19.83% interest (see Table “A” below). Fresnillo is the Company’s joint venture partner [...]
Continue reading "MAG Silver forms special committee of board of directors"
Wednesday, October 8, 2008
(Oct 7th)The world’s largest primary silver producer, Fresnillo plc reports it acquired a further 2,512,600 common shares of MAG Silver Corp at a price of CDN$5.00 per share. These shares, together with shares already owned by Fresnillo plc total 9,314,877 or approximately 18.95% of MAG Silver’s common shares outstanding, based on MAG Silver’s public disclosure. For full [...]
Continue reading "Fresnillo plc acquisition of shares in MAG Silver"
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Tuesday, January 19, 2010