Silver Stocks Charts, News, Reports and Quotes
With the resumption and ramp-up of most mining operations, the past few weeks have had rather subdued news-flow and this week is no exception. This week was highlighted by some smaller M&A and an exciting bidding war. A correction in both gold and silver has commenced, but will it continue? If so, this could represent one of the last great buying opportunities.
$AGC.V, $AGCBF, $CXB.TO, $CXBMF, $CG.TO, $CAGDF, $EXK, $GBR.V, $GBRRF, $GUY.TO, $GUYFF, $KL, $LUG.TO, $FTMNF, $OSK.TO, $OBNNF, …
Guyana Goldfields Inc. announces that it has received a binding proposal from a foreign-based multinational mining company ("New Offeror") for the acquisition of all of the issued and outstanding common shares of the Company not already owned by the "New Offeror" way of a plan of arrangement. The Board of Directors of the Company has unanimously determined, after consultation with its financial and legal advisors, that the New Offer constitutes a "Superior Proposal."
With the exception of a few countries, which in the worst case have mandated mines operate at reduced levels [only essential personnel]. Most mining operations around the world have started to ramp back up. There are also select companies which have voluntarily decided to suspended mining operations despite a greatly reduced number of new cases reported, but aside from this small select few, everything is getting back to normal and most mining operations will be fully ramped up by the end of…
Gold Resource Corporation (NYSE American: GORO) today announced it has received written government approval to restart its Oaxaca Mining Unit (OMU) operations in Mexico. After nearly eight weeks of government mandated shutdown, the Company has begun to restart its operations for the gradual ramp up of production while focusing on workforce, contractor and community safety as the global pandemic continues.
Kootenay Silver Inc. (TSXV: KTN) (the "Company" or "Kootenay") is pleased to announce assay results from an additional four holes at the Columba high-grade silver project (the "Property"), located in Chihuahua State, Mexico. These holes are the remaining 4 of 10 holes completed from the 2020 drill program (the "Program") before the COVID-19 work stoppage.
New Pacific Metals Corp. (TSX-V: NUAG) (“New Pacific” or the “Company”) is pleased to announce that Silvercorp Metals Inc. (“Silvercorp”) has indicated its intent to participate in the Company’s bought deal financing (the “Offering”), previously announced on May 19, 2020, by purchasing common shares of the Company ("Common Shares") to maintain its pro rata interest of 28.8% of the outstanding Common Shares pursuant to its participation right and further increase its interest by 100,000 Common…
With most mining operations ramping production back-up, preparing to ramp-up, or already operating “normally”, the news-flow has died down considerably in the last week, though given what’s going on the macro-economy, this is unlikely to last for any prolonged period of time. While a major theme for over the next 12-18 months, will be M&A, it could take breather for a while, primarily as result of mining teams unable to complete its due diligence on prospective assets or companies to acquire…
The company more recently acquired the Silverstrike project, which is 450km NW of Silver Sand. The project area covers 19 square km’s. Near surface Ag-Au-Pb-Zn, similar to the type of mineralization in Silver Sand where silver mineralization is related to bleached whitish sandstones. In short, New Pacific is definitely sitting on a mountain or “multiple mountains” of silver, the only real question is how large are these mountains. It is one of the very few junior silver exploration companies…
Mexico has declared mining can resume early (May 18th), 12-days early relative to the date initially stated. This includes countless mining operations by the likes of America’s Gold and Silver, Torex Gold, Equinox Gold, Endeavour Silver, First Majestic Silver, Fortuna Silver, Great Panther, Alamos Gold, Newmont, Pan-American, Fresnillo, Coeur, among many others. This is a good sign as far fewer countries continue to mandate the continued suspension of mining activities. | Companies covered in…
Americas Gold & Silver: Announced a C$25m bought deal offering as it entered into an agreement with a syndicate of underwriters co-led by Cormark Securities and Desjardins Securities. The underwriters have agreed to purchase 8.93m common shares at a price of C$2.80/share for aggregate gross proceeds of C$25m. There is a 15% over-allotment option. Strategic investors led by Pierre Lassonde and Eric Sprott indicated they intend to subscribe for shares totaling C$8.75m.
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