The Motley Fool(Editorial) reports Coeur d’Alene Mines, silver miner, provides investors to company operational update and the decline in silver markets with the recent global instabilty with the markets. The shorts are firmly entrenched with 15% of the float, punishing shares for every ounce of bad news. Following cost pressures in Chile, ramp-up delays at the San Bartolome [...]
Sabina Silver Corporation reports on work progressing at its 100% owned Hackett River silver-zinc project in Nunavut, Canada. Hackett River is a major silver-zinc deposit located approximately 75 kilometres from tide water in the Canadian arctic. Not only is it one of the largest undeveloped silver deposits of its type in the world, but it is located [...]
FXStreet.com reports silver prices dipped slightly today. * Silver fixes at 999.00 cents, below its previous fix of 1,092.00 cents. * Spot silver dips to $9.99/10.07 an ounce at 1127 GMT from $10.23 in late New York trade on Wednesday. * Forward rates on Reuters pages indicated at 2.47, 2.58, 2.69, 2.54 and [...]
MarketWatch reports silver tumbles while gold zig-zags as rescue efforts are made to ease off the tensed global financial markets. People currently seem to prefer to sit on cash,” said Jon Nadler, senior analyst at Kitco Bullion Dealers. “Another reason [gold isn't rising] is that investors are scrambling to meet margin calls,” thus they have [...]
Commodity Online(Editorial) reports silver gained as commodities showed mixed start with the announcement of rescue plans to the ailing banks. Silver rose 42 cents to open at $10.60 per ounce, while platinum and palladium showed modest gains – the former adding $5 to $992 and the latter gaining $7 to $196 per ounce. Analysts look [...]
Metalline Mining Company issues press release in order to address commonly asked shareholder questions. Q: Why did Metalline change its feasibility study from utilizing underground mining to open pit mining? A: The understanding of the nature of the zinc resource at Sierra Mojada has changed appreciably since we started evaluating it in 2005. For full details of [...]
Oro Silver Resources reports its non-brokered private placement and its corporate update. Oro Silver currently has a financial position of approximately $1.5 Million dollars in cash and account receivables; the majority of receivables include value-added taxes owed to the Company in Canada and Mexico. Oro Silver’s President, Darren Bahrey comments: “We recognize that today’s market conditions present [...]
The Motley Fool(EDITORIAL) reports despite the financial bail-out legislation been passed, the tough gets buying precious metals. If silver prices begin to move higher with gold, as I believe they will, that revenue will adjust upward as well, since Silver Wheaton enjoys the unusual advantage of essentially fixed costs. I intend to offer a more [...]
Silver Wheaton Corp. reports the agreement of 25% purchase of life of mine silver produced by Alexco Resource at its Keno Hill project, Yukon Territory, Canada. Keno Hill is historically one of the highest-grade and most prolific silver producing districts in the world. Silver Wheaton will pay Alexco US$50 million to acquire 25% of all payable silver produced from the [...]
Silver Dragon Resources reports it has engaged Beijing Ten-star Technology for a feasibility study on project development of the Erbahuo silver mine, China. Silver Dragon intends to develop its Erbahuo silver manganese deposit and construct a 150 tonne per day underground mine and processing plant in Wengniute County, Chifeng City, Inner Mongolia, China, which is expected to [...]
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