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Canarc Resource to Acquire Oro Silver and El Compas Project
Canarc Resource Corp. (TSX:CCM,OTCBB:CRCUF) announced that it’s executed a definitive agreement under which it will acquire Oro Silver Resources Ltd., a wholly owned subsidiary of Marlin Gold Mining...
View ArticleNatixis: Silver to Average $12.80 per Ounce in 2016
The Bullion Desk reported that Natixis SA (EPA:KN) expects the silver price to average just $12.80 per ounce in 2016, and $13.40 in 2017. The firm sees the US Federal Reserve’s interest rate decisions...
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Mines Management Raises $1.25 Million Through Asset Sales
Mines Management Inc. (TSX:MGT,NYSEMKT:MGN) announced that it’s raised $1.25 million via asset sales. The company plans to use the money for general working capital purposes, as well as to advance...
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Mitsui to Shutter Precious Metals Businesses in London, New York
Reuters reported that according to sources familiar with the situation, Mitsui & Co. Ltd. (TSE:8031) will close its precious metals businesses in both London and New York at the end of 2015. The...
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Mints Put Silver Bullion Coins on Allocation in ‘Unprecedented’ Phenomenon
The Silver Institute reported that the US Mint, the Royal Canadian Mint, the Perth Mint, the Austrian Mint and the British Royal Mint have all put their silver bullion coins on allocation. That means...
View ArticleFirst Majestic Silver Announces Q3 Production, Job Cuts
First Majestic Silver Corp. (TSX:FR,NYSE:AG) announced its Q3 2015 production results, commenting that total output from its five Mexico-based silver mines came in at 3,558,035 silver equivalent...
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Canarc Resource Begins PEA for El Compas Project
Canarc Resource Corp. (TSX:CCM,OTCBB:CRCUF) announced that it’s begun a preliminary economic assessment (PEA) for its recently acquired Mexico-based El Compas gold-silver project. As quoted in the...
View ArticleGreat Panther Silver Reports Higher Production for Q3
Great Panther Silver Ltd. (TSX:GPR,NYSEMKT:GPL) announced its results for Q3 2015, commenting that its two Mexican silver mines put out 1,080,296 silver equivalent ounces. That’s up 21 percent from the...
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Wealth Minerals Renegotiates Option on Valsequillo Silver Project
Wealth Minerals Ltd. (TSXV:WML) announced that it’s renegotiated its option to acquire the Mexico-based Valsequillo silver project. According to the company, the renegotiation solidifies its control of...
View ArticleFortuna Silver on Target to Meet Annual Production Guidance
Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) announced Q3 production results from its two Latin America-based mines. Together, they produced 1.7 million ounces of silver, 10,963 ounces of gold, as well...
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Argentina Election Could Bring Life to Mining Sector
Argentina’s presidential election is fast approaching, and a variety of stakeholders are watching the race with interest. And for good reason. As a Washington Post article succinctly put it this past...
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Golden Arrow Announces $227,500 Non-brokered Private Placement
Golden Arrow Resources Corp. (TSXV:GRG) announced a non-brokered private placement financing of 455,000 company shares priced at $0.50 each. The company hopes to raise gross proceeds of $227,500. As...
View ArticleCyprium Mining Announces $500,000 Non-brokered Private Placement
Cyprium Mining Corp. (TSXV:CUG) announced plans to raise up to $500,000 by completing a non-brokered private placement of common shares priced at $0.11 each. Alain Lambert, chairman and CEO of Cyprium,...
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Canarc to Lease Fully Permitted Processing Plant in Zacatecas
Canarc Resource Corp. (TSX:CCM,OTCBB:CRCUF) announced that the government of Zacatecas has granted it the right to enter into an exclusive agreement to lease a 500-tonne-per-day processing plant. The...
View ArticleChina Construction Bank to Join LBMA Silver Price
Reuters reported that China Construction Bank Corp. (HKEX:0939) has signed a memorandum of understanding (MOU) with CME Group Inc. (NASDAQ:CME), and will be joining the LBMA Silver Price. According to...
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Santacruz Silver Mining Announces Higher Q3 Output
Santacruz Silver Mining Ltd. (TSXV:SCZ) announced Q3 2015 operating results for its Mexico-based Rosario mine, commenting that it put out 277,487 silver equivalent ounces during the period. That’s up...
View ArticleHecla Mining Releases Q3 Production Results, Optimistic About Q4
Hecla Mining Co. (NYSE:HL) announced preliminary Q3 2015 production results, commenting that it produced 8.7 million silver equivalent ounces. Other highlights are as follows: Silver production of...
View ArticleComstock Mining Announces Third Quarter 2015 Results
Comstock Mining Inc. (NYSEMKT:LODE) announced selected unaudited financial results for the fiscal quarter ended September 30, 2015. As quoted in the press release: Strategic Highlights Restructured and...
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Kootenay Silver Sees Positive Results in Preliminary Metallurgical Testing at...
Kootenay Silver (TSXV:KTN) reported positive results from preliminary metallurgical testing on samples from its La Negra silver discovery in Mexico. Results showed high silver recoveries for both leach...
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Silver Price Strong as Miners Release Q3 Results
The silver price has fared well since the start of September. It’s up just over 8 percent since then, and as of 3:00 p.m. EST on Thursday was changing hands at $15.80 per ounce. Last week, it was even...
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