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Silver Market Morning

March 11, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,339.90 up 70 cents on Monday in New York. Asia saw it rise ahead of London’s opening to $1,342. The gold price was Fixed in London at $1,348.00 up $13.75. In the euro, it Fixed at €973.566 up €12.014 as the dollar stood at $1.3846 slightly stronger. Ahead of the opening in New York gold stood at $1,350.00 and in the euro at €974.66.

Santacruz Silver Mining Closes $10,750,000 Bought Deal Common Share Financing

March 11, 2014
By Chris Mullen, Chief Content Manager

Santacruz Silver Mining Ltd. (TSXV:SCZ) ("Santacruz Silver" or the "Company") is pleased to announce the closing of its prospectus offering announced on February 12, 2014 (the "Offering") through a syndicate of underwriters led by Canaccord Genuity Corp. ("Canaccord") and including Raymond James Ltd. (together, the "Underwriters"). The Company issued 10,750,000 common shares (the "Common Shares") at a price of $1.00 per Common Share for gross proceeds of $10,750,000. The Underwriters received a…

Silver Market Morning

March 12, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,347.00 up $7.10 cents on Tuesday in New York. Asia made it jump $10 ahead of London’s opening to $1,360. The gold price was Fixed in London at $1,355.75 up $7.75. In the euro, it Fixed at €977.469 up €3.903 as the dollar stood at $1.3870 slightly weaker. Ahead of the opening in New York gold stood at $1,359.00 and in the euro at €979.60.

South American Silver Files First Quarter 2012 Financial Statements and MD&A and Project Update

May 14, 2012
By Chris Mullen, Chief Content Manager

VANCOUVER, BRITISH COLUMBIA--(Marketwire -05/14/12)- South American Silver Corp. (SAC.TO)(SOHAF.PK) reports the release of its unaudited condensed interim consolidated financial statements for the three months ended March 31, 2012 and the related management's discussion and analysis of financial position and results of operations ("MD&A"). The Company is also pleased to provide an update on the Malku Khota silver-indium project in Bolivia and the Escalones copper-gold project in Chile. In this…

Silver Market Morning

March 13, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,367.10 up $20.10 on Wednesday in New York. Asia took it up again to $1,375 ahead of London’s opening. The gold price was Fixed in London at $1,371.00 up $16.25. In the euro, it Fixed at €982.303 up €4.834 as the dollar continued to weaken at $1.3957. Ahead of the opening in New York gold stood at $1,369.00 and in the euro at €981.05.

SilverCrest Closes $23,023,000 Prospectus Offering, Over-Allotment Option Exercised in Full

March 13, 2014
By Chris Mullen, Chief Content Manager

SilverCrest Mines Inc. (the "Company") (SVL.TO)(NYSE MKT:SVLC) is pleased to announce the completion of its prospectus offering announced on February 19, 2014 whereby the Company issued a total of 8,855,000 common shares at a price of $2.60 per common share for gross proceeds of $23,023,000, including exercise of the over-allotment option in full. The offering was led by Dundee Securities Ltd., and included National Bank Financial Inc., Raymond James Ltd. and PI Financial Corp. as underwriters.

Idaho North Resources Announces Private Placement and Central Nevada Exploration Alliance with Coeur Mining

March 13, 2014
By Chris Mullen, Chief Content Manager

Idaho North Resources (IDAH) (“INR” or “the Company”) today announced the completion of a private placement and the signing of a letter of intent to enter into an exploration alliance with Coeur Mining Inc. (CDE).

Silver Market Morning

March 14, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,371.60 up $4.60 on Thursday in New York. Asia took it up again to $1,375 ahead of London’s opening. The gold price was Fixed in London at $1,370.00 down $1.00. In the euro, it Fixed at €986.463 up €4.16 as the dollar continued to strengthened to $1.3888 up 0.69 of a cent against the euro. Ahead of the opening in New York gold stood at $1,371.70 and in the euro at €987.37.

Market Report: Gold storms through $1350

March 14, 2014
By Chris Mullen, Chief Content Manager

Last Monday gold ended a week-long consolidation that saw it fall from $1354 to $1329, before rising strongly to over $1370 yesterday. Not only is Asian demand still outstripping mine supply by a large margin, but physical ETFs such as GLD are now beginning to see more buyers than sellers, and so are no longer a source of supply.

Precious Metals Prices To Rise As The U.S. Economy Disintegrates

March 14, 2014
By Chris Mullen, Chief Content Manager

As the U.S. economy continues to disintegrate, increasing numbers of investors will be forced to move out of paper assets and into physical gold and silver to protect their wealth. At first the move will be slow, but as Americans wake up from four decades of fiat monetary amnesia, it will turn into a torrent.

Monster Silver Rally Brewing

March 16, 2014
By Chris Mullen, Chief Content Manager

On silver’s 1-year chart we can see that a fine large Double Bottom is completing. We already had the breakout on good volume from the 2nd trough of this Double Bottom in the middle of February, and it was this event that has (rightly) caused traders to pile into silver, although the price hasn’t moved much – yet. The better silver stocks, on the other hand, are already on fire, because the “writing is on the wall”. Right now the price is consolidating following the breakout in a fine tight…

Silver Market Morning

March 17, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,381.60 up $9.40 on Friday in New York. Asia took it up to $1,384 ahead of London’s opening. The gold price was Fixed in London at $1,379.00 up $9.00. In the euro, it Fixed at €992.372 up €5.909 as the dollar continued to weaken to $1.3896: €1. Ahead of the opening in New York gold stood at $1,378.70 and in the euro at €992.83.

Santacruz Silver Mining Ltd. (TSXV:SCZ) Follow-Up #3

March 17, 2014
By Chris Mullen, Chief Content Manager

In 2014, production at Rosario is targeted to be 500 tons/day. The Company plans exploration and additional geologic evaluation, including diamond drilling on its properties, to define and expand resources to NI43-101 compliance.

Silver Market Morning

March 18, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,366.20 down $15.40 on Monday in New York. Asia took it down further to $1,360 ahead of London’s opening. The gold price was Fixed in London at $1,362.50 down $16.50. In the euro, it Fixed at €979.370 down €13.002 as the dollar continued to weaken to $1.3912: €1. Ahead of the opening in New York gold stood at $1,362.75 and in the euro at €980.40.

Great Panther Silver Reports First Quarter 2012 Financial Results

May 14, 2012
By Chris Mullen, Chief Content Manager

"First quarter revenue was directly in line with our expectations, considering the lower production and metal prices compared to Q1 of last year," stated Robert Archer, President and CEO. "This was also a timing issue for us related to a shipment of concentrate to a new smelter where the revenue will be recognized in Q2 this year. With the addition of this new customer, we have secured contracts for the sale of our concentrates for our 2012 planned production."

Santacruz Silver Provides Q4 2013 & January 2014 Operations Update for Rosario Mine

March 18, 2014
By Chris Mullen, Chief Content Manager

Santacruz Silver Mining Ltd. (TSX VENTURE:SCZ) (the "Company" or "Santacruz") is pleased to provide production results and an update of activities at its Rosario Mine located in San Luis Potosi, Mexico.

Silver Market Morning

March 19, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,355.40 down $10.80 on Tuesday in New York. Asia held it slightly below that level ahead of London’s opening. The gold price was Fixed in London at $1,346.00 down $16.50. In the euro, it Fixed at €967.162 down €12.208 as the dollar continued to weaken to $1.3917: €1. Ahead of the opening in New York gold stood at $1,347.25 and in the euro at €967.23.

Silver Market Morning

March 20, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,329.30 down $26.10 on Wednesday in New York. Asia lifted it above $1,332 ahead of London’s opening. The gold price was Fixed in London at $1,327.00 down $19.00. In the euro, it Fixed at €962.641 down €4.521 as the dollar strengthened to $1.3760 from $1.3917: €1. Ahead of the opening in New York gold stood at $1,326.35 and in the euro at €963.917.

Silver Market Morning

March 21, 2014
By Chris Mullen, Chief Content Manager

The New York gold price closed at $1,327.00 down $2.30 on Thursday in New York. Asia and London lifted it back to $1,338. The gold price was Fixed in London at $1,338.50 up $11.50. In the euro, it Fixed at €970.209 up €7.568 as the dollar weakened slightly to $1.3796 from $1.3760: €1. Ahead of the opening in New York gold stood at $1,340.55 and in the euro at €971.84.

Market Report: Gold’s wall of worry

March 21, 2014
By Chris Mullen, Chief Content Manager

This week gold fell from a high of $1390, achieved late on Sunday night European time, to a low of $1322 last night before rallying $15 on London's opening this morning. To put this fall in context, the gold price had increased by over $200 since 31st December, so the correction this week was about one third of the rise, normal in that context. The action was in gold rather than silver, whose trading volumes were subdued in comparison, and their relative performance in the year to date is shown…

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