Dow Jones Newswires reports silver futures seen as down at 10 per ounce in this volatile market. December gold futures are expected to open floor trading in New York around $13 an ounce lower Friday, based on electronic activity ahead of the pit session at the Comex division of the New York Mercantile Exchange. December [...]
Continue reading "NY gold seen down $13, silver down 10 cents"
Friday, October 17, 2008
ECU Silver Mining and Golden Tag Resources report results from La Rata Zone, Durango State, Mexico. Initial assay results received from drill hole SD-08-34 are very encouraging.. In particular, this hole cut additional massive sulphides with significant grades in silver, lead and zinc (see Table 1 below) and confirms the ongoing continuity of La Rata Vein. The [...]
Continue reading "ECU Silver & Golden Tag cut additional massive sulphides"
Thursday, October 16, 2008
South American Silver Corp. reports its extraction of indium from Malku Khota, Bolivia. The tests were directed by Dr. David Dreisinger, a leading expert in the hydrometallurgical treatment of ores. The method used in the test was as follows: the indium together with the silver and gold are first leached from the rock by soaking the crushed rock [...]
Continue reading "South American Silver reports successful extraction"
Thursday, October 16, 2008
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 [...]
Continue reading "Sabina Silver announces Hackett River study update"
Thursday, October 16, 2008
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 [...]
Continue reading "Silver fixes lower, gold falls in Europe"
Wednesday, October 15, 2008
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 [...]
Continue reading "Gold rallies while silver tumbles"
Tuesday, October 14, 2008
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 [...]
Continue reading "Silver may outshine gold"
Tuesday, October 14, 2008
AFX News reports gold and silver climbs in Europe due to the recovery in the commodity with the US bailing out the ailing banks. * Silver fixes at 1,089.00 cents, above its previous fix of 1,061.00 cents. * Spot silver rises to $10.84/10.91 an ounce at 1128 GMT from $10.66 in late New York [...]
Continue reading "Silver fixes higher, gold climbs in Europe"
Tuesday, October 14, 2008
Endeavour Silver Corp. reports its silver production jumped as forecast for the 3rd Quarter, 2008 was up 21% over Q2, 2008. In response to the recent sell-off of the spot silver price, Endeavour plans to slow its production growth in the Fourth Quarter, even though the 2008 capital programs of mine and plant upgrades have now been substantially completed at [...]
Continue reading "Endeavour Silver production jumps"
Friday, October 10, 2008
First Majestic Silver reports an update regarding its activities in Mexico at the Del Toro Silver Mine. The Del Toro deposits types consist of fissure-filled (veins), metasomatic replacement (mantos) and cavity-filled (breccia pipes, chimneys and stockwork zones). These deposits have originated from hydrothermal solutions related to igneous activity. They consist of underground polymetallic silver / [...]
Continue reading "First Majestic Silver reports Del Toro silver mine NI 43-101"
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Friday, October 17, 2008