• Gold: 1,253.55 -2.25
  • Silver: 16.01 -0.03
  • Euro: 1.175 -0.000
  • USDX: 93.932 0.443
  • Oil: 57.36 0.1

Fortuna Reports Second Quarter 2016 Silver and...

Fortuna Silver Mines Inc. (FSM) (FVI.TO) is pleased to announce second quarter production figures from its two operating mines in Latin America, the San Jose Mine in Mexico and the Caylloma Mine in Peru. The company produced 1.6 million ounces of silver and 9,365 ounces of gold plus base metal by-products.

Fortuna Announces Changes in Management

The company is pleased to announce the appointment of Mr. David Volkert as new Vice President of Exploration effective August 8, 2016. David is a discovery oriented professional with multiple discoveries over his thirty-eight years in mineral exploration. David's work experience includes senior positions as CEO at Paget Minerals Corp., VP Exploration at Bear Creek Mining Corp., and Exploration Manager (Peru) at Barrick Gold. David will be responsible for leading the discovery of new mineral resources through the planning and execution of Fortuna's brownfields and greenfields exploration programs.

Mexican Silver-Miner Makes $2.2 Billion in June

When miners move, they move hard and fast. That’s what happened toward the end of the 1970s and it is happening today as well. The interrupted upwards curve of metals prices against the dollar has resumed. The manipulations have seemingly ceased for the moment. (See previous metals articles.) Perhaps the Chinese are buying. Having bought long ago, Alberto Bailleres has certainly made money.

Fortuna Commissions 3,000 tpd Mill Expansion On-...

Fortuna Silver Mines Inc. (FSM)(FVI.TO) is pleased to announce that commissioning activities on the expansion of the San Jose Mine from 2,000 tpd to 3,000 tpd have concluded successfully on-time and under-budget. As of the first of July, the processing plant and mine are fully operational at 3,000 tpd; allowing for an annual production rate of 7-8 million ounces of silver and 50-53 thousand ounces of gold. The capital expenditure of the plant expansion was US$27.5 million, 16% below budget.

Fortuna Silver Mines Inc. - Early Warning Report

Fortuna Silver Mines Inc. (FSM)(FVI.TO) announces that it acquired for a purchase price of C$1.5 million, direct ownership of 10.0 million units (the "Units") of Medgold Resources Corp. ("Medgold"), of 200 Burrard Street, Suite 650, Vancouver, BC V6C 3L6, at a price of C$0.15 per Unit on June 17, 2016. Each Unit consists of one common share of Medgold and one warrant ("Warrant") to purchase an additional common share of Medgold exercisable at a price of C$0.15 per share for one year.

Our #1 Pick For Silver Exposure, A 250 Million...

Large silver deposits are scarce, that's a fact. Silver is mostly a by-product from mines that produce other metals such as gold, copper, lead and zinc. This is the reason why silver companies receive a premium to gold companies in a bull market, but we are far from that still as this bull market just got started. In August of 2011, Golden Arrow entered into an option agreement to acquire a 100% interest in the Chinchillas Silver Project. Remember, that was at a time when precious metals was still in a bull market which was just about to turn around.

SilverCrest Reports Further Continuous High Grade...

SilverCrest Metals Inc. (“SilverCrest” or the “Company”) is pleased to report on additional results from the ongoing underground channel sampling program and extension of its surface drilling program at its Las Chispas Project (“Las Chispas”) located in Sonora, Mexico. Las Chispas is a historic silver-gold district with over six kilometres of existing underground workings, which apparently were not previously drilled before their acquisition by the Company. The project is in a prolific mining area which currently hosts two nearby precious metal operations.

Fortuna Silver Mines to Acquire Goldrock Mines

Fortuna Silver Mines Inc. (FSM) (FVI.TO) ("Fortuna", the "Company") and Goldrock Mines Corp. (TSX VENTURE: GRM) ("Goldrock") are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which Fortuna has agreed to acquire all of the issued and outstanding common shares of Goldrock (the "Arrangement"). Goldrock's principal asset is the 100% owned Lindero Project located in Salta Province, Argentina. The Lindero Project is an open pit, heap leach gold project with a completed 2016 feasibility study which has been granted the environmental permit necessary for development of the project.

Golden Arrow Initiates Next Phase of Drilling in...

Golden Arrow Resources Corporation (TSX-V: GRG, FRA: GAC (WKN: A0B6XQ), "Golden Arrow" or the "Company") is pleased to announce that it has commenced a 6,500 metre Phase VI drilling and exploration program at the Chinchillas silver project in Jujuy Province, Argentina. The drill program will focus on exploration and condemnation drill holes, as well as infill holes as necessary.

Hecla to Acquire Mines Management

SPOKANE, Wash., May 24, 2016 (GLOBE NEWSWIRE) -- Mines Management, Inc. (NYSE MKT: MGN, TSX: MGT) (Mines Management) and Hecla Mining Company (NYSE:HL) (Hecla) today announced a merger agreement with Hecla acquiring Mines Management. In the proposed merger, each outstanding common share[1] of Mines Management will be exchanged for 0.2218 of a common share of Hecla. This represents a 41% premium to Mines Management, using both companies' 10 day VWAP (Volume Weighted Average Price) on May 20, 2016. The transaction is expected to close in the third quarter, 2016. The transaction is subject to approval by Mines Management shareholders and other closing conditions.