Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) updates on principal project updates and financial highlights from the company’s third quarter of 2009. The press release is quoted as saying: Silver Standard currently holds a 55% interest in the San Luis Joint Venture and will increase that interest to 70% on finalization of the feasibility study. The company [...]
By Melissa Pistilli-Exclusive to Silver Investing News The price of silver gained 84 cents on the NYME yesterday in reaction to the Treasury’s US$700 billion bailout of the financial sector. As more and more retail, mortgage and investment banks fail, are taken over or nationalized, investors are becoming increasingly leery of paper [...]
AP reports Silver Standard Resources shares fell today after the mining company said its second-quarter loss widened as it prepared several highly promising properties across Latin America and British Columbia, Canada. For the three months ended June 30, the Vancouver, Canada-based company posted a loss of 5.5 million Canadian dollars ($5.2 million), or 9 Canadian cents (8.6 cents) per [...]
Silver Standard Resources reports the closing of the sale of Shafter silver project, Presidio County, Texas, to Aurcana Corporation. Under the terms of the sale agreement, Aurcana has paid the company a total consideration of $42.6 million consisting of $23 million in cash, 15 million Aurcana common shares (at a deemed price of $0.64 per share) and [...]
Silver Standard Resources Inc. reports that infill drilling continues to expand silver resources at Pitarrilla silver project, Mexico. Measured and indicated resources at the Breccia Ridge Zone have grown by 143% and total project resources by 14% since the company’s last update in November 2007. All of the silver resource increase is located in the [...]
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