Silver Stocks Charts, News, Reports and Quotes
"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."
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…
"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…
GREAT PANTHER SILVER LIMITED (GPR.TO)(GPL) ("the Company") announces the completion of the updated mineral resource estimates at the Company's wholly-owned Guanajuato Mine Complex ("Guanajuato Mine") and San Ignacio Project ("San Ignacio") in Guanajuato, Mexico. As the San Ignacio Project is effectively a satellite of the Guanajuato Mine Complex (20 kilometres by road), and any mineralization extracted from the former will be processed at the Cata Plant, the resource is now being considered as…
VANCOUVER, BRITISH COLUMBIA--(Marketwire -05/08/12)- GREAT PANTHER SILVER LIMITED (GPR.TO)(GPL) ("Great Panther" or the "Company") announces that it plans to release its 2012 first quarter financial results on Monday, May 14, 2012 after market close. A conference call to discuss the results has been scheduled for Tuesday, May 15, 2012 at 7:00 AM Pacific Daylight Time, 10:00 AM Eastern Daylight Time. Hosting the call will be Mr. Robert Archer, President and Chief Executive Officer and Mr. Martin…
South American Silver Corp.(TSX: SAC, US OTC: SOHAF) is pleased to announce that it has closed the final tranche of $9.6 million, of its $16 million private placement Offering (the "Offering") of 10 million Units of the Company announced 16 April 2012. The offering was priced at $1.60 per Unit, which represented a 6% premium to the 5 day volume weighted average trading price of the Company's common shares at the time the Toronto Stock Exchange (the "TSX") accepted notice of the transaction.
COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Coeur d'Alene Mines Corporation (NYSE:CDE) (TSX:CDM.TO) produced 4.9 million ounces of silver and 43,901 ounces of gold in the first quarter of 2012, which resulted in $204.6 million in sales and $93.8 million in operating cash flow1 during the first quarter of 2012.First Quarter Highlights:Net metal sales totaled $204.6 million, 3% higher than the first quarter of 2011.Silver production totaled 4.9 million ounces, 19% higher than last year's first quarter…
"In January we announced an initial Inferred Resource in a portion of the Trend of 57.9 million tonnes grading 28 gpt Ag, 0.18 gpt Au and 0.21% Cu and containing 101.9 million ounces Ag Equivalent(i). We have since drilled 23 holes as a part of the second phase of drilling that have successfully expanded mineralization in all lateral directions with the possible expansion of the resource along the Trend. We have begun to drill the area to the southeast of the declared resource which, based on…
The results from the underground sampling program will be used in conjunction with previously released surface drill results in planning mine development and preparing an updated NI-43-101 compliant resource estimate. The Company expects to commence an underground drilling program in the near future for further exploration and definition of vein structures below Level 2.
In 2011, Great Panther Silver produced 2.2 million ounces of silver equivalent (made up of silver, gold, lead and zinc) from its Guanajuato and Topia mines in Mexico. Revenue rose 37 per cent to $57.8-million, and earnings rose 8 per cent to $11.5-million. This year, the company expects to produce between 2.5 million and 2.75 million ounces Ag equivalent. It also expects to pull cash costs down to the range of $9.50 to $10.50 an ounce, from the 2011 average of $10.84.
Subscribe to Silver Stocks Charts, News, Reports and Quotes
