By Melissa Pistilli-Exclusive to Silver Investing News Silver spot prices tracked gold lower last week after a bullish run that saw both stocks and commodities in general boosted by a return to risk appetite in the market as investors became increasingly optimistic economic recovery is becoming a reality. Precious metals have especially benefitted from a [...]
By Melissa Pistilli-Exclusive to Silver Investing News Last week, the spot price of silver hit a 10-week low; however, spot prices began to recover later in the week as a faltering dollar and higher oil prices boosted its safe-haven appeal. Silver had a pre-summer doldrums rally on June 3, almost doubling its October 2008 low, [...]
By Melissa Pistilli-Exclusive to Silver Investing News After reaching a nine-month high on Friday, the spot price for July silver on the COMEX closed down 8 cents to $14.61 an ounce Tuesday on a rebounding dollar, a slight Wall Street rally and profit-taking. But many industry analysts view this dip as merely a pullback before [...]
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
First Majestic (TSE:FR) annouced today that it’s wholly owned sub, First Majestic Plata, SA de SV., was awarded a Clean Industry Certificate. The certificate was awarded by the Mexican Environmental Authority PROFEPA for the company’s activities at its La Parrilla Silver Mine. The press release states that voluntary audits were submitted for twenty-nine months to demonstrate [...]
First Majestic Silver (TSE:FR) announced today that they have closed the financing they announced on Feb. 19. CIBC World Markets, Blackmont Capital, GMP Securities, and Thomas Weisel Partners have invested over $21 million Canadian. The company said that the majority of the proceeds will be used for mill construction and mine improvements at the Company’s [...]
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 [...]
Ottawa Business Journal reports Paramount Gold and Silver buys out its partner, Tara Gold on a Mexican mine. The Ottawa-based junior mining company said it has agreed to pay roughly $8.7 million to Tara Gold Resources Corp. to acquire 100 per cent of the San Miguel gold and silver mine in Chihuahua, Mexico. For complete story, [...]
Coeur d’Alene Mines Corporation reports San Bartolomé silver mine, Bolivia, continues to increase its output and in the 4th quarter it expects the operation to achieve full capacity. For the year, Coeur anticipates the mine will produce 3.2 million ounces of silver and that it will achieve its 2009 production estimate of approximately 9 million silver ounces. As of [...]
Minefinders Corporation Ltd. updates on community relations and revised production estimates for Dolores gold and silver mine in Chihuahua, Mexico. The Company also disclosed financial results for the second quarter and first half of 2008 and provided details for an investor conference call to discuss its financial and operating results for the second quarter ended June 30, [...]
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