Silver Institute: Coin demand forces five major mints to restrict supply
The following is an edited summary report from the Washington D.C.-based Silver Institute. For more information please visit www.silverinstitute.org.
Silver
TSX dips, Oct. 9-15
The S&P/TSX Composite Index fell 1% during the Thanksgiving holiday-shortened period to finish Oct. 15 at 13,828.97. The S&P/TSX Capped Metals & Mining Index tumbled 3.7% to 469.58, while the S&P/TSX Global Gold Index jumped…
US stocks rise, Oct. 2-8
U.S. equities advanced, with the Dow Jones Industrial Average climbing 4.8% to 17,050.75. The S&P 500 Index advanced 4.7% to 2,103.43 for its highest level in seven weeks. The Nasdaq Composite jumped 4% to 4,810.79. The spot price for gold…
Golden Arrow may point to more ore for Silver Standard
Silver Standard Resources’ (TSX: SSO; NASDAQ: SSRI) Pirquitas silver mine in northern Argentina’s Jujuy province is 35 km from Golden Arrow Resources’ (TSXV: GRG) wholly owned Chinchillas silver-lead-zinc project, and the…
TSX moves up, Sept.14-18
Canada’s benchmark index gained ground during the week, adding 185.33 points, or 1.4%, to close at 13,646.80 points, as investors took in the U.S. Federal Reserve’s decision to keep interest rates near zero.
Agnico Eagle has 10 rigs turning at El Barqueo
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) says the El Barqueno gold project in Mexico could become a heap-leach operation similar to its La India gold mine and the stand-alone Creston Mascota pit, near its Pinos Altos gold mine.
Pan American Silver expands Mexico operations
At a time when lower commodity prices are fuelling cost-cutting and restructuring plans across the mining sector, Pan American Silver (TSX: PAA; NASDAQ: PAAS) is pushing ahead with expansion projects at two of its three mines in Mexico, and…
Argonaut aims to balance expansion, cost control
VANCOUVER — Argonaut Gold (TSX: AR; US-OTC: ARNGF) is walking a fine line by expanding its gold and silver production while controlling operating costs to maximize its free cash flow. The company’s long-term goal is to boost…
Starcore has had ‘a big year,’ CEO Robert Eadie says
Starcore International Mines (TSX: SAM), the owner of the San Martin gold-silver mine in Queretaro, Mexico, has added seven assets to its portfolio over the past year.
Sierra Metals turns up the heat in Mexico
In July, Sierra Metals (TSX: SMT) appointed as its vice-president of exploration Matthew Wunder — a geologist who during his career was part of a group at Rubicon Minerals (TSX: RMX; NYSE-MKT: RBY) that discovered and developed the…
Arena attracts JOGMEC, B2Gold
Since the beginning of the year, prospect-generator Arena Minerals (TSXV: AN) — whose shares traded at only 17¢ at press time — has enticed two heavyweight players in the mining industry to sign option agreements on parts…
Eldorado Gold halts Greek ops as ministry revokes technical study
Haywood Securities analyst Kerry Smith says Greece’s energy minister Panos Skourletis was on a “fishing expedition” when he revoked the technical studies on Eldorado Gold’s (TSX: ELD; NYSE: EGO) Skouries and Olympias…