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SilverCrest Receives US$10 Million Commitment from Sandstorm Gold for Underground Mine Option at Santa Elena

February 25, 2014
By Chris Mullen, Chief Content Manager

SilverCrest Mines Inc. (TSX:SVL)(NYSE MKT:SVLC) ("SilverCrest" or "the Company") is pleased to announce it has received notice of exercise of the Underground Mine Option from Sandstorm Gold Ltd. ("Sandstorm") for the Santa Elena Mine, Sonora, Mexico. This Option allows Sandstorm to purchase 20% of the gold produced from underground operations at the Santa Elena. In consideration of exercise of the option, Sandstorm will make an additional upfront deposit of US$10 million to the Company on or…

Silver Wheaton Reports a Strong Start to 2012 with Record Quarterly Revenues of US$200 Million

May 14, 2012
By Chris Mullen, Chief Content Manager

"Solid operating performance from across our portfolio of mines led to a strong start in 2012," said Randy Smallwood, President and Chief Executive Officer of Silver Wheaton. "We achieved record quarterly revenues, and are on target to attaining our annual production guidance of 27 million silver equivalent ounces. With continued positive progress at our world-class cornerstone assets, including the Peñasquito and Pascua-Lama mines, Silver Wheaton retains one of the strongest growth profiles in…

Silver Market Morning

February 26, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,340.60 up $2.80 on Tuesday in New York. Asia held there as did London. London Fixed it at $1,340.00 up $7.25 cents. In the euro, it Fixed higher at €975.326 up nearly €6.00, while the dollar stood at $1.3739 barely changed. Ahead of the opening in New York gold stood at $1,339.55 and in the euro at €975.00.

Eric Sprott: We’re Looking For Ways To Survive "[The] Counterfeiting Of Money”

February 26, 2014
By Chris Mullen, Chief Content Manager

During a time of rebounding precious metals and mining equity prices, Eric Sprott, Chief Executive Officer and Senior Portfolio Manager of Sprott Asset Management, was kind enough to share a few comments. According to Eric, we’ve reached an inflection point in the precious metals, where he believes a prudent speculator may find great opportunity. Here are his full interview comments with Sprott Global Resource Investment Ltd.’s Tekoa Da Silva.

Silver Market Morning

February 27, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,329.00 down $11.60 on Wednesday in New York. Asia took it slightly lower to $1,325 but London started to lift it back up ahead of the Fix. London Fixed gold at $1,331 down $9.00. In the euro, it Fixed slightly lower at €974.806 down €0.50, while the dollar stood at $1.3654, 0.8 of a cent stronger. Ahead of the opening in New York gold stood at $1,332.85 and in the euro at €976.13.

Silver Analog

February 27, 2014
By Chris Mullen, Chief Content Manager

This week two investment firms came out expressing their disbelief that silver has any more upside, so investors may start getting nervous and begin asking the same question. Back on Feb 11, 2014 I wrote an article titled “Coffee to Outperform Precious Metals” and within the article I stated that Coffee looked to reach $1.75 per pound – today it reached $1.78. I had recommended buying the Coffee ETF – JO @ 23.28 and selling it at 32.99 for a 47% profit in 21 days. What I did not mention in that…

Silver Market Morning

February 28, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,330.50 down $0.50 on Thursday in New York. Asia took it slightly lower to $1,327 and London held it there ahead of the Fix. London Fixed gold at $1,327.75 down $3.20. In the euro, it Fixed lower at €961.650 down €13.15, while the dollar stood at $1.3807 down over 1%. Ahead of the opening in New York gold stood at $1,330.75 and in the euro at €964.07.

Market Report: Profit taking after eight consecutive weeks of rising prices

February 28, 2014
By Chris Mullen, Chief Content Manager

The rise in the gold price ran into profit-taking on Wednesday. Having risen $160 to $1345 some short-term profit taking is only to be expected, and silver followed suit.

Silver Market Morning

March 03, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,324.60 down nearly $6 on Friday in New York. Then, the Ukraine story turned global and gold jumped to $1.347.20 in Asia. London held it there ahead of the Fix. The gold price was Fixed in London at $1,344.25, up $16.50. In the euro, it Fixed higher at €975.579 up €13.929, while the dollar stood at $1.3779. Ahead of the opening in New York gold stood at $1,344.35 and in the euro at €975.90. Please note it has not moved in the euro since Thursday last!

Silver Will Be The King Precious Metal Performer

March 03, 2014
By Chris Mullen, Chief Content Manager

While gold is the king monetary metal, silver will turn out to be the king precious metal performer. Currently, gold is stealing the show as the East (China) continues to consume more than total world gold production.

Silver Market Morning

March 04, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,351.40 up $26.80 on Monday in New York. Then, the Ukraine story was seen in context and gold retreated from the Ukrainian premium to $1,337 ahead of the opening in London. The gold price was Fixed in London at $1,339.5 down $4.75. In the euro, it Fixed at €973.899 down €1.68, barely changed, as the dollar stood at $1.3754, slightly stronger. Ahead of the opening in New York gold stood at $1,337.00 and in the euro at €971.34.

Silver Market Morning

March 05, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,335.10 down $16.30 on Tuesday in New York. Asia held it at that level ahead of London’s opening. The gold price was Fixed in London at $1,333.50 down $6.00. In the euro, it Fixed at €971.939 down €1.96, barely changed, as the dollar stood at $1.3720, slightly stronger. Ahead of the opening in New York gold stood at $1,333.75 and in the euro at €972.22.

Silver Market Morning

May 14, 2012
By Chris Mullen, Chief Content Manager

New York closed at $1,581.30 down $12.3 before the ‘clumsy’ seller came in again and pushed the gold price down in Asia again to $1,563. The euro stood at €1: $1.2876 after Friday’s close of €1: $1.2921. This morning in London, gold Fixed at $1,563.00 down $18 and in the euro at €1,213.792 down €15. Ahead of New York’s opening it started to bounce and stood at $1,564.00 and in the euro, which also continued to slip, €1,215.51 while the euro was at €1: $1.2867.

Excellon Produces 2.1 Million Silver Equivalent Ounces In 2013

March 06, 2014
By SilverSeek

“During the latter half of 2013 we began to see the results of our continuing efforts to improve and optimize La Platosa production,” stated Brendan Cahill, President and Chief Executive Officer. “Of particular note, during the last two quarters of the year we milled almost 38,000 tonnes of ore grading 812 g/t silver for 866,000 silver ounces, demonstrating the potential to increase tonnage while maintaining an industry leading grade and cost profile.”

Silver Market Morning

March 07, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,350.30 up$12.90 on Thursday in New York. Asia held it at that level ahead of London’s opening. The gold price was Fixed in London at $1,348.25 up $14.75. In the euro, it Fixed at €971.222 down €0.717, barely changed again, as the dollar stood at $1.3887 over 1% weaker. Ahead of the opening in New York gold stood at $1,348.40 and in the euro at €970.91.

Gold challenges $1350

March 07, 2014
By Chris Mullen, Chief Content Manager

From last Friday’s close at $1322, gold opened strongly on Monday trading, as high as $1355 before losing two thirds of the rise on Tuesday. On Thursday afternoon (GMT) gold rallied back to challenge the $1350 level. This morning (Friday) it is in the balance as to whether or not gold will need more consolidation before moving on towards $1400, with everyone watching out for US employment numbers.

Silver Market Morning

March 10, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,339.20 down $11.10 on Friday in New York. Asia saw it slip ahead of London’s opening to $1,332. The gold price was Fixed in London at $1,334.25 down $14.00. In the euro, it Fixed at €961.552 down €9.67 as the dollar stood at $1.3876 slightly stronger. Ahead of the opening in New York gold stood at $1,339.00 and in the euro at €965.11.

Fortuna Drills 2.8 kg/t Ag and 14.5 g/t Au Over a True Thickness of 4.2 m at Trinidad North Discovery, San Jose Mine, Mexico

March 10, 2014
By Chris Mullen, Chief Content Manager

Fortuna Silver Mines Inc. (FVI.TO)(FSM)(FVI.TO)(F4S.F) is pleased to announce new results for step-out drilling of the Trinidad North discovery located contiguous with the San Jose mine in Oaxaca, Mexico. Assay results are included for eight drill holes completed in January and February of 2014. The results continue to confirm the extension of the Trinidad North zone with high-grade silver-gold mineralization present over wide vein widths. The results reported herein lie within a 200 meter…

Micro to Macro Chartology: In Support of Silver

March 10, 2014
By Chris Mullen, Chief Content Manager

In this Weekend Report I want to take a good hard look at silver which has been the laggard in the precious metals complex to see if there is something technically wrong. If you been following the precious metals complex for any length of time you’ll know that silver can be contrarian at times. It likes to start out slow and then once gold begins to pickup the pace then silver will play catchup. Once silver gets ready to move it can rally hard and fast catching up to gold and surpassing in on a…

Gold & Silver Trading Alert: Silver below $21

March 10, 2014
By Chris Mullen, Chief Content Manager

Silver also moved lower – in fact, most decisively in the whole sector. It is now well below the 2008 high and it was the second weekly close below it. Silver is currently below the $21 level. For the bearish outlook to be confirmed (and for us to increase the size of the short position in silver), we would like to see a move below the rising long-term support lines – marked in black and grey on the above chart. They are close to where silver is now, so we may see further deterioration…

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