Kootenay Gold Inc. reported today that grab samples at its Promontorio property in northwest Mexico have identified 7 new mineral zones. Assays from the grab samples returned values as high as 799 g/t silver and 12.05 g/t gold. One sample, not included in the calculations assayed 181 g/t gold. Kootenay CEO James McDonald is quoted [...]
By Melissa Pistilli-Exclusive to Silver Investing News The global credit crunch is forcing mining companies to turn away from skittish banking institutions to public offerings to raise the money needed for acquiring new properties, advancing projects and paying off debts. Recently, a slew of precious metals producers have decided to take advantage of rising investor [...]
Kootenay Gold (CVE:KTN) reported today on 5 drill holes at the Promontorio project in Sonora State, Mexico. Three of the step out holes contained high grade mineralization 1600 meters from the main PIT discovery zone. Jim McDonald, Kootenay’s CEO is quoted as saying: This structure can be traced for at least 2 kilometers northwest of [...]
By Melissa Pistilli-Exclusive to Silver Investing News Silver climbed further Monday reaching as high as $12.27/oz. Analysts expect the precious metal to rally further as long as $11.26 support holds. The next level of resistance to watch is $12.80, which may clear the way for an advance towards $13.88. According to the Oil N’ Gold [...]
By Kishori Krishnan Exclusive to Silver Investing News Is silver set to follow gold in these days of economic meltdown? Analysts maintain that with the fundamentals being sound, silver prices could shadow gold prices mainly due to investment demand and ratio play. A 2009 silver forecast report from Mumbai-based Commtrendz Risk Management Services reports that [...]
Kootenay Gold (CVE:KTN) reported today that more significant mineralization was found on the Promontorio silver discovery in Sonora, Mexico. The exploratory holes were up to 850 meters from the Pit discovery zone and returned results up to 815 grams per tonne of silver equivalent. Kootenay’s CEO Jim McDonald is quoted as saying: Given the success [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver rose as high as $10.70/oz in New York on Monday, following gold’s lead. Silver may be able to reach $12.20/oz in the short term if it can break $11.00/oz. The precious metals have been benefitting from a weaker dollar and gains in equities and [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver closed at $10.16 in New York on Wednesday, touching a high of $10.57 in early morning trade Thursday. A weaker dollar and gains in commodity prices helped to stir speculation that future inflation may be on the cards. The surge in price has recharged [...]
By Melissa Pistilli-Exclusive to Silver Investing News It’s not a surprise to most that the U.S. mining industry has not been immune to the ravages of the current global economic crisis. Hard-rock miners, including silver companies, have been especially hard hit as metal prices crumble and production costs soar. Faced with crippling profit losses, many mining companies [...]
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 [...]
Get our independent commentary on silver trends and companies delivered to your inbox.
