Alexco Intersects Silver Mineralization to 26 Meters True Thickness at Bermingham Including Narrower Intervals to 47.6 Ounces Per Ton Over 1.88 Meters

Chris Mullen — Wed, 22 Feb 2012 17:00:48 +0000

Source:

Yahoo

Included in this release are intercepts, such as 10.36 meters (true width) of 363 grams per tonne (g/t) silver (10.6 oz/ton) that includes 1.88 meter (true width) at 1,634 g/t silver (47.65 oz/ton), which generally occur within much broader zones of anomalous geochemistry. Based on current experience in the Keno Hill area, this style of mineralization may represent a high level expression of deeper mineralization.

February 22, 2012 - 9:00am

MAG Silver Announces Silver/Lead/Zinc Intercepts at La Esperanza

Chris Mullen — Wed, 22 Feb 2012 16:58:58 +0000

Source:

Yahoo

"We are very encouraged at this early stage to see the Esperanza structure is returning very wide intercepts of quartz vein and breccia that appear to reflect a NW-plunging mineralized zone," said Dan MacInnis, President and CEO of MAG Silver. "This confirms our initial premise that this particular structure can host significant mineralization over very favorable widths. We have traced the Esperanza structure on surface for almost 5 kilometres but have drilled a mere 100 metres from previous drilling so far.

February 22, 2012 - 8:58am

‘Fantastic Opportunity’ in Silver: Gold Mining CEO

Chris Mullen — Wed, 22 Feb 2012 15:24:51 +0000

Source:

CNBC

Australian gold miner, Kingsgate Consolidated, reported an almost 200 percent jump in profits for the second half of 2011 on Wednesday, boosted by robust sales of the precious metal. But, the company is planning a bigger push into silver in the coming years, according to the CEO Gavin Thomas.

February 22, 2012 - 7:24am

Orex Provides Results for the First Diamond Drill Hole at Barsele, Sweden

Chris Mullen — Wed, 22 Feb 2012 14:46:29 +0000

Author(s):

Orex Minerals Inc.

Vancouver, B.C. – Orex Minerals Inc. – (REX: TSX-V, ORXIF.PK) (“Orex”) is pleased to announce the results from the first diamond drill hole of this first campaign, within the Central area of our Barsele Gold Project.

February 22, 2012 - 6:46am

The Arbitrageur: The Decline and Fall of Silver Backwardation

Chris Mullen — Tue, 21 Feb 2012 17:15:34 +0000

Author(s):

Keith Weiner

On Friday, I published an article: http://www.silverseek.com/article/arbitrageur-silver-backwardation.I was the only one to cover the news of the end of silver backwardation.And I gave my prediction that the price of silver could correct sharply.

February 21, 2012 - 6:07pm

SilverCrest Files NI43-101 Resource Report for La Joya Property

Chris Mullen — Tue, 21 Feb 2012 22:07:13 +0000

Author(s):

SilverCrest Mines Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -02/21/12)- SilverCrest Mines Inc. (the "Company") (TSX-V: SVL.V)(OTCQX: STVZF.PK) is pleased to announce it has filed the NI43-101 Technical Report and initial resource estimation for its La Joya Property in Durango, Mexico. Inferred Resources previously announced in a news release dated January 5, 2012 are estimated at 57.9 million tonnes grading 28 gpt silver, 0.18 gpt gold, and 0.21% copper.

February 21, 2012 - 2:07pm

Hecla bets on high silver prices, sees higher spending

Chris Mullen — Tue, 21 Feb 2012 17:59:27 +0000

Source:

Reuters

Hecla Mining Co posted a fourth-quarter profit and raised its full-year capital expenditure outlook 37 percent as it expects silver prices to remain high, sending its shares up 10 percent.

Coeur d'Alene, Idaho-based Hecla, which sees capital expenditure of $140 million in 2012, said realized silver prices rose 56 percent last year.

Silver, which climbed to a record high of $49.51 per ounce in April 2011, was trading around $34.02 an ounce on Tuesday. Societe Generale said it expects silver prices to pick up through 2012 as it continues to shadow gold.

February 21, 2012 - 9:59am

Silver imports to stay strong; seen topping 5,000 tonnes

Chris Mullen — Tue, 21 Feb 2012 17:54:21 +0000

Source:

The Hindu Business Line

India's appetite for silver surged in 2011 despite prices of the white metal touching a record level.

The country's imports rose to 4,800 tonnes in 2011 compared with 2,800 tonnes in 2010, Mr Prithviraj Kothari, President, Bombay Bullion Association, said today.

He expects silver imports to top 5,000 tonnes in 2012 driven mainly by investment demand.

February 21, 2012 - 9:58am

Silver price may surge to Rs 1 lakh per kg

Chris Mullen — Tue, 21 Feb 2012 17:57:05 +0000

Source:

The Times of India

The price of silver could surge to Rs 1 lakh per kg mark this year in the wake of international economic situation, Bombay Bullion Association (BBA) said on Tuesday.

February 21, 2012 - 9:57am

Hecla Declares Silver-Linked Dividend and Adds New Minimum Dividend

Chris Mullen — Tue, 21 Feb 2012 15:32:13 +0000

Source:

Yahoo

"Hecla Mining Company (“Hecla”)(NYSE:HL) is pleased to announce its Board of Directors has elected to declare the quarterly silver-linked dividend of $0.01 per share of common stock, based on an average realized silver price of $31.61 in the fourth quarter of 2011. In addition, the Board of Directors has approved a new common stock dividend policy, which includes a minimum annual dividend of $0.01 per share of common stock, payable quarterly. Therefore, the aggregate declared fourth quarter dividend is $0.0125 per share of common stock, for a total amount of approximately $3.6 million."

February 21, 2012 - 7:32am

Hecla Reports Record 2011 Revenue & Gross Profits

Chris Mullen — Tue, 21 Feb 2012 15:30:45 +0000

Source:

Yahoo

"Hecla Mining Company (“Hecla”)(NYSE:HL) today announced record 2011 revenue of $477.6 million and gross profit of $265.0 million with net income applicable to common shareholders of $150.6 million, or $0.54 per basic share, and adjusted net income applicable to common shareholders of $130.9 million1, or $0.47 per basic share, for the year. Full year silver production was 9.5 million ounces at a total cash cost of $1.15 per ounce, net of by-products."

February 21, 2012 - 7:30am

Colo. bill would legalize gold, silver currency

Chris Mullen — Tue, 21 Feb 2012 14:54:51 +0000

Source:

CBS

Colorado State Senators will consider a bill that would allow people to use gold and silver as currency.

A similar measure is already in place in Utah and is being considered in 12 other states, reports CBS Station KCNC.

Supporters are concerned about the strength of the U.S. dollar.

The sponsors of the bill say they are concerned about the strength of the U.S. dollar, public debt, and currency devaluation.

February 21, 2012 - 6:54am

Aurcana Increases Ownership of La Negra Mine to 99.86%

Chris Mullen — Mon, 20 Feb 2012 15:46:18 +0000

Source:

Yahoo

"Aurcana Corporation ("Aurcana" or the "Company") (TSX-V: AUN.V)(OTCQX: AUNFF.PK)(PINK SHEETS: AUNFF) is pleased to report it has increased its ownership in Real de Maconi S.A. de C.V. ("Real Maconi") from 92% to 99.86% as a result of a recent capital restructure of Real de Maconi. Real Maconi holds a 99.99% interest (one share representing a .00002% interest is held by a third party) in Minera La Negra S.A. de C.V. which has a 100% interest in the La Negra Mine."

February 20, 2012 - 7:46am

The Arbitrageur: Silver backwardation

Chris Mullen — Fri, 17 Feb 2012 16:42:07 +0000

Author(s):

Keith Weiner

Ever since early fall 2010, long-dated silver futures have been in backwardation. This means the price of a silver future for, say, Dec 2015, was *lower* than the price of silver in the spot market. One could have earned a "risk free" profit by simultaneously selling physical silver and buying a future. When the future delivered, one would have the same silver holding.

February 17, 2012 - 8:42am

Silver Eagles Soar

Chris Mullen — Fri, 17 Feb 2012 15:32:28 +0000

Author(s):

Richard (Rick) Mills

Ahead of the Herd

As a general rule, the most successful man in life is the man who has the best information

February 17, 2012 - 7:32am

U.S. Silver Announces Normal Course Issuer Bid

Chris Mullen — Fri, 17 Feb 2012 00:45:31 +0000

Source:

Yahoo

U.S. Silver Corporation (TSX:USA, OTCQX:USSID, Frankfurt: QE2) (“U.S. Silver” or the “Corporation”) announces that, further to its press release of February 14, 2012, the Toronto Stock Exchange (the “TSX”) has provided acceptance of the Corporation’s Notice of Intention to make a Normal Course Issuer Bid.

February 16, 2012 - 4:45pm

Hecla Reports Record Silver Reserves & Resources and Advancement on Pre-Development Projects

Chris Mullen — Fri, 17 Feb 2012 00:44:05 +0000

Source:

Yahoo

Hecla Mining Company (“Hecla”)(NYSE:HL) today reported the largest silver reserves and resources in the company’s history with 148 million ounces and 281 million ounces, respectively, as of December 31, 2011. Hecla reported exploration results from its four district-sized land packages in the U.S. and Mexico, as well as an update on its three pre-development projects.

February 16, 2012 - 4:44pm

SilverCrest Reports Coloradito Target Results at La Joya Property; Potential Large Bulk Tonnage Mo-W-Ag-Au Target

Chris Mullen — Thu, 16 Feb 2012 15:57:29 +0000

Author(s):

SilverCrest Mines Inc.

SilverCrest Mines Inc. (TSX-V: SVL.V)(OTCQX: STVZF.PK)(Pinksheets: STVZF.PK)(Frankfurt: CW5.F) (the "Company") is pleased to announce that it continues to validate the results of 56 historic core holes drilled on its La Joya Property between 1979 and 2003 by previous operators. The historic holes included 37 holes on the Main Mineralized Trend, 6 holes on the adjacent Coloradito target and 4 and 1 on each of the Santo Nino and Esperanza targets respectively, and 8 holes outside of target areas.

February 16, 2012 - 8:05am

Orko Silver Provides an Update of Activities at La Preciosa

Chris Mullen — Thu, 16 Feb 2012 15:58:38 +0000

Source:

Yahoo

The preliminary economic assessment is preliminary in nature and it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

February 16, 2012 - 7:58am

EPA proposes big cuts in Silver Valley cleanup

Chris Mullen — Thu, 16 Feb 2012 14:21:36 +0000

Source:

seattlepi

SPOKANE, Wash. (AP) — The massive cleanup of a century's worth of mining pollution in Idaho's Silver Valley would be cut nearly in half under a proposal Wednesday by the U.S. Environmental Protection Agency.

The EPA released a plan that calls for cutting the cost of the Superfund cleanup from $1.3 billion to about $740 million. The timeframe would be cut from more than 50 years to between 20 and 30 years.

February 16, 2012 - 6:21am

Silvermex Resources Delivers Production Growth in Fourth Quarter 2011

Chris Mullen — Wed, 15 Feb 2012 15:17:18 +0000

Source:

Yahoo

Silvermex Resources Inc. ("Silvermex") (TSX: SLX.TO) reports fourth quarter production results from its La Guitarra mine, located in the Temascaltepec mining district in the State of Mexico. Silver production increased from the previous quarter to 134,106 ounces and gold production to 1,010 ounces.

February 15, 2012 - 7:17am

International Minerals Reports $12.0 Million in Pre-Tax Income for Second Fiscal Quarter Ending December 31, 2011

Chris Mullen — Wed, 15 Feb 2012 03:08:54 +0000

Source:

Yahoo

International Minerals Corporation (TSX: IMZ.TO) (SWISS: IMZ.TO) (the "Company") reports continuing excellent financial results for the second fiscal quarter ended December 31, 2011 (the "Current Quarter").

Current Quarter highlights include $12.0 million in pre-tax income and $11.1 million in consolidated net and comprehensive income after tax ($0.09 per share), including net equity earnings of $13.1 million from the Company's 40% interest (Hochschild Mining 60%) in the Pallancata Mine in Peru.

February 14, 2012 - 7:08pm

Kimber Announces Second Quarter Financial Results

Chris Mullen — Tue, 14 Feb 2012 18:44:39 +0000

Source:

Yahoo

Kimber Resources Inc. (TSX: KBR.TO)(AMEX: KBX) today announced its financial results for the three and six months ended December 31, 2011. All amounts in this news release are in Canadian dollars. The operating results were prepared in accordance with International Financial Reporting Standards ("IFRS").

February 14, 2012 - 10:44am

U.S. Silver Announces Normal Course Issuer Bid

Chris Mullen — Tue, 14 Feb 2012 18:43:05 +0000

Source:

Yahoo

U.S. Silver Corporation (TSX:USA, OTCQX:USSID, Frankfurt:QE2) (“U.S. Silver” or the “Corporation”) announces that, subject to acceptance by the Toronto Stock Exchange (“TSX”) of the Corporation’s Notice of Intention to make a Normal Course Issuer Bid, the board of directors has authorized the purchase of up to 3,092,727 of its common shares, representing approximately 5% of the Corporation’s issued and outstanding common shares. As of February 9, 2012, the Corporation had 61,854,543 common shares issued and outstanding.

February 14, 2012 - 10:43am

Huldra Silver Provides Additional Drill Results from the 2011 Exploration Program at Treasure Mountain That Includes 1,565 Grams Per Tonne Ag Over 1.2 Metres in Hole TM11-36

Chris Mullen — Tue, 14 Feb 2012 20:31:54 +0000

Source:

Yahoo

Huldra Silver Inc. (TSX-V: HDA.V) (the "Company" or "Huldra") today is pleased to provide additional results from the 2011 exploration program at Treasure Mountain. The results of additional assays from the last 24 holes received included 1,565 grams per tonne Ag, 13.47% Pb, 9.92% Zn and 4.76% Mn over 1.2 metres in hole TM11-36 that intersected the vein structure approximately 15 metres below the Level 2 Drift, about which the Company had only limited information previously. Additional results were disclosed in the Company's press releases dated November 23, 2011.

February 14, 2012 - 10:31am

Alexco Drills 8.9 Meters of 20.2 Ounces Per Ton Silver At Flame & Moth, Continues to Confirm and Expand Mineralization

Chris Mullen — Tue, 14 Feb 2012 16:02:50 +0000

Source:

Yahoo

VANCOUVER, BRITISH COLUMBIA--(Marketwire -02/14/12)- Alexco Resource Corp. (TSX: AXR.TO)(AMEX: AXU) today announced final results from the 2011 drilling program at its recently discovered Flame & Moth prospect, located immediately adjacent to Alexco's milling complex within the Keno Hill Silver District in Canada's Yukon Territory.

February 14, 2012 - 8:02am

Silver Standard Resources Inc.: Pirquitas Silver Concentrate Sales Update

Chris Mullen — Tue, 14 Feb 2012 16:01:43 +0000

Source:

Yahoo

Silver Standard Resources Inc. (TSX: SSO.TO)(NASDAQ: SSRI ) ("Silver Standard" or the "Company") announced today that, further to the Company's January 12, 2012 news release, it has committed an additional 6,000 tonnes of silver concentrate (containing approximately 3.2 million ounces of silver) under spot sales contracts with various trading counterparties. These tonnes are expected to be delivered in the first half of 2012.

February 14, 2012 - 8:01am

Analysis of the Long-term Silver Chart

Chris Mullen — Mon, 13 Feb 2012 14:36:09 +0000

Author(s):

Hubert Moolman

February 13, 2012 - 6:36am

Silvercorp Reports 4.34 Metre Interception (True Width) of 642 Gram Per Tonne of Silver and 1.0 Gram Per Tonne Gold for Vein LM5W at the LM Mine, Ying Mining District, Henan Province, China

Chris Mullen — Mon, 13 Feb 2012 14:28:56 +0000

Source:

Yahoo

Silvercorp Metals Inc. (TSX: SVM.TO)(NYSE: SVM) ("Silvercorp") is pleased to report the results of its successful 2011 underground diamond drilling program at the LM Mine, Ying Mining District, Henan, China. The drill program has substantially extended the mineralized veins to depth and along striking directions.

February 13, 2012 - 6:28am

Protests hit Moroccan silver mine operations

Chris Mullen — Sun, 12 Feb 2012 00:21:07 +0000

Source:

Reuters

Moroccan miner Imiter said on Friday ore processing at one of the world's ten richest silver mines was running at 60 percent of total capacity due to protests by local residents which have been underway since September.

A spokeswoman for the company could not immediately say how the protests by people living near the Imiter mine had affected production and deliveries.

February 11, 2012 - 4:21pm

Warren Buffett Trashes Gold, But What About Silver?

Chris Mullen — Fri, 10 Feb 2012 21:29:03 +0000

Author(s):

Eric McWhinnie

“Gold gets dug out of the ground, then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”-Warren Buffett

February 10, 2012 - 1:29pm

The Dollar Confirms a Possible Silver Pullback

Chris Mullen — Fri, 10 Feb 2012 17:41:25 +0000

Author(s):

Przemyslaw Radomski

“It was the best of times, it was the worst of times, it was the age of wisdom (for those who invest in gold) , it was the age of (central bank) foolishness, it was the epoch of belief (in Chinese growth) , it was the epoch of incredulity (in fiat money), it was the season of Light, it was the season of Darkness, it was the (Arab) spring of hope, it was the winter of (Syrian) despair.”

February 10, 2012 - 9:41am

Silver Update: Is Silver Outperforming The Gold Fractal?

Chris Mullen — Fri, 10 Feb 2012 14:49:08 +0000

Author(s):

Hubert Moolman

Below, is an extract of my Silver Premium Update for 25 January 2012:

February 10, 2012 - 7:49am

Excellon Provides Production, Exploration and Corporate Update

Chris Mullen — Fri, 10 Feb 2012 15:08:46 +0000

Source:

Yahoo

Excellon Resources Inc. (TSX:EXN.TO) ("Excellon" or "the Company"), Mexico's highest grade silver producer, is pleased to report January production results from its La Platosa silver, lead and zinc mining operations in Durango Mexico. The Company is also pleased to announce updates on Operations, Mexican and Canadian exploration and to provide a general corporate update.

February 10, 2012 - 7:08am

Silvercorp Announces Third Quarter Dividend of CAD$0.025

Chris Mullen — Fri, 10 Feb 2012 00:33:37 +0000

Source:

Yahoo

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM.TO)(NYSE: SVM) today announced that its Board of Directors has declared its third quarter fiscal 2012 dividend of CAD$0.025 per share to be paid on or before April 21, 2012 to shareholders of record at the close of business on March 31, 2012. Today's declared quarterly dividend is the second Silvercorp has announced since increasing its dividend by 25% from the previously paid CAD$0.02. The dividends are considered eligible dividends for Canadian tax purposes.

February 9, 2012 - 4:33pm

Silvercorp Forecasts 20% Increase in Silver Production for Fiscal Year 2013

Chris Mullen — Thu, 09 Feb 2012 15:44:56 +0000

Source:

Yahoo

From the four mines at the Ying Mining Camp, production is expected to increase to 695,000 tonnes of ore at a grade of 295g/t silver, 0.5g/t gold, 5.1% lead and 1.5% zinc, yielding 5.9 million ounces of silver, 3,350 ounces of gold, and 87 million pounds of lead and zinc. The cash and total production costs are expected to be approximately $68 and $85 per tonne of ore, respectively, representing approximately a 3% and 5% increase, respectively, compared to actual production costs incurred in the nine months ended December 31, 2011.

February 9, 2012 - 7:44am

Silvercorp Reports Revenue of $61.9 Million and Operating Cash Flow of $31.6 Million in the 3rd Quarter of Fiscal 2012

Chris Mullen — Thu, 09 Feb 2012 15:41:50 +0000

Source:

Yahoo

Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM.TO)(NYSE: SVM.TO) today reported its unaudited financial and operating results for the third quarter ended December 31, 2011 ("Q3 2012"). The following financial results are expressed in US dollars (US$) unless stated otherwise.

February 9, 2012 - 7:41am

Orex Closes 2,500,000 Unit Non-Brokered Private Placement

Chris Mullen — Wed, 08 Feb 2012 20:27:49 +0000

Author(s):

Orex Minerals Inc.

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

February 8, 2012 - 12:27pm

Huldra Silver Provides Bulk Sample Update for Treasure Mountain

Chris Mullen — Wed, 08 Feb 2012 14:42:58 +0000

Author(s):

Huldra Silver Inc.

VANCOUVER, BRITISH COLUMBIA--(02/08/12)- Huldra Silver Inc. (TSX-V: HDA.V) (the "Company" or "Huldra") today provides a further update on the 10,000 tonne underground bulk sample program at its 100% owned Treasure Mountain Property. Underground chip sample results have been received from the first five lifts of the stope. The average grade of the samples over the mined width are 994.5 g/tonne Ag, 5.84% Zn, 3.4% Mn, 7.55% Pb. The following table provides a complete list of all 30 samples received to date:

February 8, 2012 - 6:42am

Golden Minerals Appoints Vice President of Exploration

Chris Mullen — Tue, 07 Feb 2012 17:26:19 +0000

Source:

Yahoo

"Golden Minerals Company (AMEX: AUMN) (TSX: AUM.TO) ("Golden Minerals" or "the Company") is pleased to announce the appointment of Warren Rehn to the position of Vice President of Exploration. Golden Minerals also announces the planned retirement of Robert Blakestad, the Company's Senior Vice President of Exploration, effective February 29, 2012.

February 7, 2012 - 9:26am

Great Panther Silver Appoints Independent Chairman

Chris Mullen — Tue, 07 Feb 2012 00:29:37 +0000

Author(s):

Great Panther Silver Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -02/06/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR.TO)(AMEX: GPL) (the "Company") advises that R. W. (Bob) Garnett, CA, ICD.D., has been appointed Independent Chairman of the Company's Board of Directors, replacing Kaare Foy, who has stepped aside after serving more than 18 years as a Director of the Company and almost eight years as Executive Chairman. Mr. Foy will continue as a consultant to the Company.

February 6, 2012 - 4:29pm

My favourite way to buy silver

Chris Mullen — Mon, 06 Feb 2012 19:54:32 +0000

Source:

MoneyWeek

It’s worth trying to pick up cheap silver from dealers in places like London’s Hatton Garden. There you can buy beautiful solid silver antiques at around the spot price of silver (that is the price silver trades at in the financial markets). But you’ll have to pay the VAT on top.

But there’s an even smarter way to do it. Instead of buying from a dealer, you join the dealers. That way you’ll be able to buy at less than spot. Now that’s compelling.

February 6, 2012 - 11:55am

U.S. Silver Announces Board of Directors Appointment

Chris Mullen — Mon, 06 Feb 2012 15:38:48 +0000

Source:

Yahoo

The Board of Directors of U.S. Silver Corporation (TSX:USA, OTCQX:USSID, Frankfurt:QE2) (“U.S. Silver” or the “Corporation”) is pleased to announce the appointment of Mr. Tom Ryley as a Director of the Corporation effective February 1, 2012.

February 6, 2012 - 7:38am

Silver bullet for cancer: Metal can kill some tumours better than chemotherapy with fewer side effects

Chris Mullen — Sun, 05 Feb 2012 15:40:05 +0000

Source:

DailyMail

Silver can kill some cancers as effectively as chemotherapy and with potentially fewer side effects, new research claims.

Scientists say that old wives tales about the precious metal being a ‘silver bullet’ to beat the Big C could be true.

The metal already has a wide range of medicinal uses and is a common antiseptic, antibiotic and means of purifying water in the third world.

February 5, 2012 - 7:40am

Huldra Silver Announces Amendments to the Terms of the Craigmont Acquisition Agreements

Chris Mullen — Fri, 03 Feb 2012 22:43:30 +0000

Author(s):

Huldra Silver Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -02/03/12)- Huldra Silver Inc.

February 3, 2012 - 2:47pm

Pennaluna Prospector™ -- Ground Hog Edition

Chris Mullen — Fri, 03 Feb 2012 20:41:13 +0000

Author(s):

Tom Wobker

Silver Valley and Northwest Mining Stock News -- Coeur d’Alene, Idaho

February 2, 2011

February 3, 2012 - 12:42pm

Another ‘Camouflage’ Trade, This Time in Silver…

Chris Mullen — Fri, 03 Feb 2012 14:24:41 +0000

Author(s):

Rick Ackerman

We’ve been known to keep odd hours, which, depending on the circumstances, can be good or bad when attempting to earn one’s daily bread trading. Sometimes it seems as though the best opportunities — meaning the ones that produce quick and easy gains with relatively little stress – occur in the dead of night. At other times, especially in the first hour or so after the opening bell, the low-hanging fruit positively beckons those who are able to stay cool while most other traders, too scared to act, are waiting for the dust to settle.

February 3, 2012 - 9:43am

Silver needs 'a new group of investors' to keep surging higher

Chris Mullen — Fri, 03 Feb 2012 17:40:32 +0000

Source:

citywire

Silver surged 17% in January, to outperform gold, making it the strongest performer of all precious metals in the first month of the year.

However the volatile market could mean that silver, also called ‘poor man’s gold’, struggles to keep up the pace.

February 3, 2012 - 9:40am

States seek currencies made of silver and gold

Chris Mullen — Fri, 03 Feb 2012 14:37:25 +0000

Source:

CNN

A growing number of states are seeking shiny new currencies made of silver and gold.

Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place.

February 3, 2012 - 6:37am

January 2012 American Silver Eagle Bullion Coin Sales Best 6.1M

Chris Mullen — Fri, 03 Feb 2012 14:33:01 +0000

Source:

CoinNews

Last month turned energetic for U.S. Mint sales of the American Silver Eagle bullion coin. Barely missing out as the best ever selling month, January now ranks second all-time for the series which dates back to 1986.

Buyers scooped up 6,107,000 Silver Eagles during the month. That was 315,000 away from matching the all-time monthly record of 6,422,000 set in January 2011 and a scant 350,000 away from equaling the combined monthly sales totals from December, November and October.

February 3, 2012 - 6:33am

Orex Minerals Inc. and Fresnillo Plc Sign Association Agreement to Explore Coneto Gold-Silver Project in Durango, Mexico

Chris Mullen — Thu, 02 Feb 2012 16:36:12 +0000

Author(s):

Orex Minerals Inc.

Vancouver, B.C.

February 2, 2012 - 8:36am

Silver And The Shift To Measuring Wealth In Ounces Instead Of Dollars

Chris Mullen — Thu, 02 Feb 2012 14:42:41 +0000

Author(s):

Hubert Moolman

The debt-based monetary system creates an illusion of wealth. It allows for claims on real goods to significantly exceed the actual amount of real goods.

February 2, 2012 - 6:42am

New EW Silver Discovery

Chris Mullen — Wed, 01 Feb 2012 21:24:13 +0000

Author(s):

Alf Field

I have received numerous emails asking about silver. This article was prompted by a question enquiring what the silver price might be if my gold forecast of $4,500 proved to be correct. The question caused me to take a closer look at silver.

February 2, 2012 - 5:09am

On-demand Access to the SilverSeek.com 2012 Virtual Silver Investment Conference

admin — Wed, 01 Feb 2012 18:21:46 +0000

Presentations will remain viewable, on-demand, for 90 days

Source:

SilverSeek.com Virtual Conference

SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies was held on

February 2, 2012 - 5:08am

United Silver Corp. and Hale Capital Partners Complete Financing

Chris Mullen — Wed, 01 Feb 2012 20:25:24 +0000

Source:

Yahoo

In the financing transaction, USC issued to Hale a convertible note (the "Convertible Note") in the principal amount of USD$6,300,000 (being the Canadian equivalent of $6,332,760.00, based on the Bank of Canada noon rate on January 31, 2012) evidencing a loan the proceeds of which were advanced by Hale pursuant to the Convertible Note and a securities purchase agreement (the "Securities Purchase Agreement") entered into among a wholly owned subsidiary of Hale, as agent and initial purchaser, and USC. USC also issued to Hale 5,040,000 common share purchase warrants (the "Warrants").

February 1, 2012 - 12:25pm

Silver Bull Intersects 9.81% Zinc Over 46.4 Meters and 100g/t Silver Over 43 Meters on the "Shallow Silver Zone" at the Sierra Mojada Project, Coahuila, Mexico

Chris Mullen — Wed, 01 Feb 2012 15:58:45 +0000

Source:

Yahoo

Results from 75 diamond core drill holes into the "Shallow Silver Zone," equating to 11,700 meters of the 36,800 meter drill campaign completed in 2011.
80% of the drill holes intersected zones of silver oxide mineralization >30g/t Ag, including; 100g/t Ag over 43 meters, 170g/t over 11 meters and 213.4g/t Ag over 36.25 meters.
Significant zinc intercepts including; 9.81% Zn over 46.4 meters, 17.47% Zn over 13.15 meters, and 9.03% Zn over 17.5 meters.

February 1, 2012 - 7:58am

SilverSeek.com 2012 Virtual Silver Investment Conference

Chris Mullen — Tue, 17 Jan 2012 01:13:41 +0000

Presentations by: Eric Sprott, David Morgan, James Turk & Julian Phillips

Author(s):

SilverSeek.com

SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at

January 31, 2012 - 2:05pm

read more

Now Live! Great Panther Silver: Silver Producer in Mexico

admin — Mon, 30 Jan 2012 18:16:11 +0000

President & CEO of Great Panther Silver, Robert Archer, to present at the 2012 SilverSeek.com Virtual Silver Investment Conference

Source:
SilverSeek.com Virtual Conference

Great Panther SIlver Ltd.

January 31, 2012 - 12:53pm

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Now Live! Eric Sprott: Mania. Manipulation. Meltdown.

admin — Wed, 25 Jan 2012 20:37:58 +0000

Eric Sprott to present at the 2012 SilverSeek.com Virtual Silver Investment Conference

Source:
SilverSeek.com

Eric Sprott will be presenting at SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 10am Eastern on

January 31, 2012 - 10:56am

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Live Now! Aurcana Corp: The Next Mid-Tier Silver Producer

admin — Mon, 30 Jan 2012 06:40:06 +0000

President & CEO of Aurcana, Lenic Rodriguez, to present at the 2012 SilverSeek.com Virtual Silver Investment Conference

Source:
SilverSeek.com Virtual Conference

Aurcana Corp.

January 31, 2012 - 10:56am

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Now Live! Julian Phillips: Why will Capital Controls Boost Silver Prices?

admin — Mon, 30 Jan 2012 20:10:42 +0000

Julian Phillips to present at the 2012 SilverSeek.com Virtual Silver Investment Conference

Source:
SilverSeek.com Virtual Conference

Julian Phillips will be presenting at SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 10am Eastern on

January 31, 2012 - 10:29am

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Now Live! Huldra Silver: Exploring and Developing High-Grade Silver Deposits

admin — Mon, 30 Jan 2012 06:31:55 +0000

President & CEO of Huldra Silver, Ryan Sharp, to present at the 2012 SilverSeek.com Virtual Silver Investment Conference

Source:
SilverSeek.com Virtual Conference

Huldra Silver Inc.

January 31, 2012 - 9:58am

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Now Live! First Majestic Silver: The World's Purest Silver Producer

admin — Mon, 30 Jan 2012 03:04:54 +0000

President & CEO of First Majestic Silver, Keith Neumeyer, to present at the 2012 SilverSeek.com Virtual Silver Investment Conference

Source:
SilverSeek.com Virtual Conference

First Majestic Silver Corp.

January 31, 2012 - 9:29am

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Now Live! James Turk reaffirms his $400 long-term silver target

admin — Mon, 30 Jan 2012 18:29:18 +0000

James Turk to present at the 2012 SilverSeek.com Virtual Silver Investment Conference

Source:
SilverSeek.com Virtual Conference

James Turk will be presenting at SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 10am Eastern on

January 31, 2012 - 9:00am

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Now Live! Extorre Gold Mines: Discovery and Development of High Grade Gold-Silver Projects in Argentina

admin — Sun, 29 Jan 2012 21:02:58 +0000

President & CEO of Extorre Gold Mines, Eric Roth, to present at the 2012 SilverSeek.com Virtual Silver Investment Conference

Source:
SilverSeek.com Virtual Conference

Extorre Gold Mines [TSX: XG | NYSE-AMEX: XG] will be presenting and exhibiting at SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at

January 31, 2012 - 8:34am

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Now Live! Endeavour Silver - 2012: Delivering Our 8th Consecutive Year of Organic Growth

admin — Tue, 31 Jan 2012 15:33:08 +0000

Source:
SilverSeek.com Virtual Conference

Endeavour Silver will be presenting and exhibiting at SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 10am Eastern on

January 31, 2012 - 8:02am

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Now Live -- David Morgan: Silver in the next Decade

admin — Tue, 31 Jan 2012 15:00:49 +0000

Source:
SilverSeek.com Virtual Conference

David Morgan will be presenting at SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 10am Eastern on

January 31, 2012 - 7:40am

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Silver Powering 20 Million Homes as Supply Surplus Subsides

Chris Mullen — Tue, 31 Jan 2012 14:26:17 +0000

Source:
Bloomberg

Record industrial demand for silver and resurging investor interest is diminishing a supply surplus, driving the metal used in everything from solar panels to batteries into its best start to a year in almost three decades.

January 31, 2012 - 7:26am

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Minco Silver Completes Field Work for the Water Monitoring Program

Chris Mullen — Tue, 31 Jan 2012 15:23:30 +0000

Source:
Yahoo

Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV.TO)(OTCQX: MISVF.PK)(DBFrankfurt: XYD.F)(WKN: A0ESX5) announces it has successfully completed all required field work related to the water monitoring program at the Fuwan Silver Project. As announced September 1, 2011, the Company engaged the General Station for Geo-Environmental Monitoring of Guangdong Province ("GSGEM") to carry out the water monitoring program to comply with the new National Water Guidelines issued by the Ministry of Environmental Protection of China."

January 31, 2012 - 7:23am

Endeavour Silver Forecasts Eighth Consecutive Year of Production Growth, 60% Mine Expansion Now Underway to Fill Plant to Capacity at Guanajuato

Chris Mullen — Tue, 31 Jan 2012 15:20:46 +0000

Source:
Yahoo

Endeavour Silver Corp. (TSX: EDR.TO)(NYSE: EXK)(Frankfurt: EJD.F) announced today that it is forecasting its eighth consecutive year of production growth for 2012. The Company owns and operates two high grade, underground, silver-gold mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State.

January 31, 2012 - 7:20am

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Silvercorp Announces Positive Pre-Feasibility Study for the GC Silver-Lead-Zinc Project in Guangdong Province, China

Chris Mullen — Tue, 31 Jan 2012 15:18:35 +0000

Source:
Yahoo

"The Company has already commenced construction at the GC Project and initial production is expected to commence in the 3rd quarter of calendar year 2012," said Rui Feng, Silvercorp's Chairman & CEO. "We are pleased that Proven and Probable Reserves at the GC Project have been established for the first time, and the PFS also reconfirms the project's robust economics."

January 31, 2012 - 7:18am

U.S. Silver Announces 2012 Production Forecast, Coeur Mine Re-development Start and 2012 Exploration Program

Chris Mullen — Tue, 31 Jan 2012 15:15:45 +0000

Source:
Yahoo

U.S. Silver Corporation (TSX:USA, OTCQX:USSIF, Frankfurt:QE2) (“U.S. Silver” or the “Company”) announces that the Board of Directors has approved the 2012 budget and operating plan.
Specifically, the Company announces that it forecasts 2012 production to be approximately 2.4 million ounces of silver with by-product production of lead to be approximately 6.5 million pounds and copper to be approximately 1.2 million pounds.

January 31, 2012 - 7:16am

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Silver coin sales hit record pace, outshine gold

Chris Mullen — Tue, 31 Jan 2012 14:07:17 +0000

Source:
TheEconomicTimes

Less than one year after silver's breathtaking collapse from its record-setting rally, investors are again snapping up coins at an unprecedented pace, suggesting the white metal could leave gold in the dust.

Even before the U.S. Federal Reserve's promise of further stimulus rejuvenated interest in precious metals last week, U.S. retail investors were already buying up freshly minted coins in droves, undaunted by last year's painful volatility. Gold coin sales, while rising, have been far less robust.

January 31, 2012 - 6:07am

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Now Live! SilverCrest Mines: Cash Flow, Earnings, Growth

admin — Mon, 30 Jan 2012 17:58:39 +0000

President of SilverCrest Mines, Scott Drever, to present at the 2012 SilverSeek.com Virtual Silver Investment Conference

Source:
SilverSeek.com Virtual Conference

SilverCrest Mines Inc.

January 30, 2012 - 10:08am

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The Coming Paradigm Shift in Silver

Chris Mullen — Mon, 30 Jan 2012 15:13:13 +0000

Author(s):
Steve St. Angelo

The biggest problem for investors today in trying to forecast the future price of silver is the enormous amount of contradictory analysis on the Internet.There are bulls, bears, paper traders, physical buyers, technical analysts, hedge funds, commercial banks and silver manufacturers all trying to play a part in this highly volatile silver market.Try

January 30, 2012 - 7:15am

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Silver Market Update - January 29th, 2012

Chris Mullen — Sun, 29 Jan 2012 21:45:05 +0000

Author(s):
Clive Maund

An important reversal has now completed in silver and it is in the early stages of what promises to be a powerful uptrend that should take it comfortably to new highs.

January 29, 2012 - 1:45pm

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The Silver Singularity Is Near

Chris Mullen — Sun, 29 Jan 2012 00:07:12 +0000

Source:
Nasdaq

Price, as they say, is determined on the margins. This is especially true for inelastic goods. If 100 Tickle Me Elmo dolls exist in Walmart on Christmas eve, and 100 people absolutely need to have them, you don't have a problem. The price will be some reasonable markup on the cost of production. However, if one more person walks in fearing the wrath of his child if there's no Elmo under the tree, Walmart ( WMT ) can quickly turn into a war zone.

January 28, 2012 - 4:07pm

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David Morgan: Silver in the next Decade

admin — Fri, 27 Jan 2012 17:35:26 +0000

David Morgan to present at the 2012 SilverSeek.com Virtual Silver Investment Conference

David Morgan will be presenting at SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 10am Eastern on

January 27, 2012 - 9:43am

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Extorre Gold Mines Releases New Video Presentation

Chris Mullen — Fri, 27 Jan 2012 16:54:20 +0000

Author(s):
Extorre Gold Mines

Click the following link to view a video PowerPoint presentation featuring the President and CEO Dr. Eric Roth. This video presentation provides viewers with an in-depth overview of recent accomplishments and future development and exploration plans at the high-grade Cerro Moro Project.

January 27, 2012 - 8:55am

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Scorpio Mining Reports Record 2011 Production Results and 2012 Guidance for Nuestra Señora

Chris Mullen — Fri, 27 Jan 2012 15:05:02 +0000

Source:
Yahoo

Scorpio Mining Corporation (TSX: SPM.TO) ("Scorpio Mining" or the "Corporation") is pleased to report that the 2011 production results for the Nuestra Señora mine in Mexico confirm a second successive year of silver production growth for the Corporation. Production of all key metals increased substantially over 2010, as mine metal output, plant throughput and recoveries improved.

January 27, 2012 - 7:05am

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Endeavour Silver - 2012: Delivering Our 8th Consecutive Year of Organic Growth

admin — Thu, 26 Jan 2012 18:28:03 +0000

Chairman & CEO of Endeavour Silver, Bradford Cooke, to present. at the 2012 SilverSeek.com Virtual Silver Investment Conference

Source:
SilverSeek.com Virtual Conference

Endeavour Silver will be presenting and exhibiting at SilverSeek.com’s 2012 Virtual Silver Investment Conference, an online, one-day event showcasing silver industry experts and top tier silver companies will begin at 10am Eastern on

January 26, 2012 - 10:34am

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Kimber Intercepts 7 Metres of 18.3 g/t Gold and 374.3 g/t Silver in New Structure Discovered at Monterde

Chris Mullen — Thu, 26 Jan 2012 15:19:51 +0000

Source:
Yahoo

Kimber Resources Inc. (TSX: KBR.TO)(AMEX: KBX) is pleased to announce ongoing drill results from an additional 14 drill holes at its Monterde gold/silver project in Mexico, including eight holes drilled at Carmen and six holes drilled at Veta Minitas. Of particular interest is drill hole MTC-142A, which intersected a new structure containing 7 metres of 18.3 g/t gold and 374.3 g/t silver.

January 26, 2012 - 7:19am

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Silvercorp Reports Intercept of 7.39 Meters Grading 678 Grams Per Tonne Silver and 7.90 Percent Lead Among Results From Successful 2011 Underground Drilling Program at the LM Mine West

Chris Mullen — Thu, 26 Jan 2012 15:16:55 +0000

Source:
Yahoo

Silvercorp Metals Inc. ("Silvercorp" or "the Company") (TSX: SVM.TO)(NYSE: SVM.TO) is pleased to report the results of its successful 2011 underground diamond drilling program at the southwest corner (also called LM Mine West) of the TLP Mining Permit area, Ying Mining District, Henan, China. The drill program discovered four new high grade silver-lead veins, increasing the total number of mineralized veins at the LM Mine West to 31. The program also extended the previously known veins further to the down dip and striking directions.

January 26, 2012 - 7:18am

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Fortuna Reports Silver Production Increase of 31% for 2011 and Issues Production Guidance for 2012

Chris Mullen — Thu, 26 Jan 2012 15:15:07 +0000

Source:
Yahoo

Fortuna Silver Mines Inc. (NYSE: FSM - News) (TSX: FVI.TO) (BVL: FVI.TO) is pleased to announce 2011 production figures from the San Jose Mine located in Mexico and the Caylloma Mine located in Peru. The mining operations of the Company performed strongly in 2011 delivering our fifth consecutive year of silver production growth and sustained low cash cost per silver ounce. For 2012, Fortuna is scheduled to produce 3.7 million ounces of silver and 17,400 ounces of gold production or 4.6 million Ag Eq ounces plus base metal credits.

January 26, 2012 - 7:15am

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I Stand By $140 Silver In 2012

Chris Mullen — Thu, 26 Jan 2012 15:00:55 +0000

Author(s):
Hubert Moolman

There is a well-established relationship between how silver and gold trade. They often trade similar in the same time period, but also at similar milestones, although those milestones are sometimes reached at different times. This can cause silver or gold to be the leading indicator, depending on the particular milestone.

January 26, 2012 - 7:02am

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Stored for Decades, Hitler’s Silver Is to Go on Display

Chris Mullen — Thu, 26 Jan 2012 14:54:24 +0000

Source:
NYTimes

For 66 years, they lay unseen, first in a vault on the Upper West Side, more recently in a special cabinet. Now the New-York Historical Society plans to put them on public display alongside a silver cigar box, a silver ice cream dish and the silver controller handle that Mayor George B. McClellan Jr. used when he drove the first subway train, in 1904: A knife and fork with the initials A and H, for Adolf Hitler.

January 26, 2012 - 6:54am

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First Majestic Silver Corp.-La Parrilla Mill Expansion to 2,000 tpd Completed: Del Toro Construction Update

Chris Mullen — Tue, 24 Jan 2012 14:52:00 +0000

Author(s):
First Majestic Silver Corp.

FIRST MAJESTIC SILVER CORP. (TSX: FR.TO)(NYSE: AG)(Frankfurt: FMV.F) (the "Company" or "First Majestic") is proud to announce that the new La Parrilla flotation/cyanidation plant was inaugurated in a ceremony at the La Parrilla Silver Mine in the State of Durango, Mexico on January 19, 2012, in which approximately 150 people attended including several Mexican Federal, State and Municipal authorities. The Federal Government was represented by the Lic. Jimena Valverde Valdez, General Coordinator of Mining for the Secretary of the Economy while the State of Durango was represented by Ing.

January 25, 2012 - 1:42pm

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Fed pushes out low rate pledge to late 2014

admin — Wed, 25 Jan 2012 17:47:52 +0000

The new commitment replaces the statement that economic conditions were likely to stay at the historic low range of 0% to 0.25% until at least mid-2013.

Source:
Market Watch

The Fed made no policy steps, leading the Fed’s key interest rate where it has been for three years.In making the new projection, the central bank said the low rate of resource utilization and the subdued outlook for inflation over the medium term are likely to warrant the low rates for almost two more years

January 25, 2012 - 10:46am

Silver Production in US Declines 8.7% in 2011

admin — Wed, 25 Jan 2012 17:24:20 +0000

Declined by 8.7% to approximately 1,160 tons

Source:
Commodity Online

United States Gold production advanced 2.6% to 237 tons in 2011 according to a research note published by the United States Geological Survey (USGS) for this month. Meanwhile, US Silver production declined by 8.7% to approximately 1,160 tons for the same period.According to USGS, the country produced 670 tons of gold and 1270 tons of silver in 2010.

January 25, 2012 - 10:45am

Endeavour Silver Review of Exploration Results in 2011 and Plans for 2012

Chris Mullen — Tue, 24 Jan 2012 15:37:02 +0000

Source:
Yahoo

Endeavour Silver Corp. (TSX: EDR.TO )(NYSE: EXK)(Frankfurt: EJD.F) released today a review of the Company's exploration results in 2011 and its exploration plans for 2012.

January 24, 2012 - 7:37am

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Otter listens to Silver Valley's concerns on Lucky Friday shutdown

Chris Mullen — Tue, 24 Jan 2012 14:48:30 +0000

Source:
KXLY

WALLACE, Idaho -- Idaho Governor Butch Otter expressed his frustration over the temporary shut down of the Lucky Friday mine by calling it unfair during a meeting with concerned residents in Wallace Monday.
The closure of Hecla's mine has sent a ripple of concern through the Silver Valley. Hecla is a major employer in the area, and on Monday afternoon people filled the Wallace Inn to voice their concerns to Governor Butch Otter about the mine being closed until 2013.

January 24, 2012 - 6:48am

SilverCrest Updates Corporate Resources Silver Equivalent Inferred Resources Increase 424%

Chris Mullen — Mon, 23 Jan 2012 14:45:20 +0000

Author(s):
SilverCrest

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/23/12)- SilverCrest Mines Inc. (TSX-V: SVL.V)(OTCQX: STVZF.PK)(Pinksheets: STVZF.PK)(Frankfurt: CW5.F) (the "Company" or "SilverCrest") is pleased to provide an updated summary of its corporate mineral resources. The Company now has reported NI 43-101 compliant resources at the Santa Elena Mine, Cruz de Mayo property and La Joya property in Mexico (see table below).

January 24, 2012 - 6:45am

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Silver Sales Up As Supply Slips

Chris Mullen — Wed, 04 Jan 2012 19:32:43 +0000

Author(s):
Steve St. Angelo

For the first time in history, Silver Eagle & Maple Leaf sales will surpass domestic silver production in the U.S. and Canada in 2011

January 23, 2012 - 4:52pm

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When Will Silver Reach a New High?

Chris Mullen — Mon, 23 Jan 2012 22:17:49 +0000

Author(s):
Andrey Dashkov

Casey Research
In last week's Metals, Mining, and Money from Casey Research, Jeff Clark estimated that given the magnitude of the correction that started last September, it may take until May 2012 for gold to reach a new high. Let's take a look at how long it may take for silver to rebound.

January 23, 2012 - 2:21pm

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Sprott Physical Silver Trust Announces Completion of its Follow-on Offering of Trust Units

Chris Mullen — Mon, 23 Jan 2012 18:23:08 +0000

Source:
Yahoo

Sprott Physical Silver Trust (the "Trust") (NYSE: PSLV / TSX: PHS.U), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP (the "Manager"), today announced that it has completed its follow-on offering of 26,450,000 units of the Trust ("Units") at US$13.20 per Unit for gross proceeds of US$349,140,000 (the "Offering"). This includes the exercise in full by the underwriters of their over-allotment option. Purchasers in the Offering included Sprott Inc.

January 23, 2012 - 10:23am

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IMPACT Silver 2011 Exploration Review and 2012 Outlook

Chris Mullen — Mon, 23 Jan 2012 15:00:47 +0000

Source:
Yahoo

"IMPACT Silver Corp. ("IMPACT") (TSX-V: IPT.V - News) is pleased to provide a summary of its 2011 exploration program at the Royal Mines of Zacualpan Silver District ("Zacualpan") and the adjacent Mamatla Mineral District ("Mamatla") in Mexico. IMPACT has over five years of consistently profitable operations, with 2011 being a record breaking year for revenues and earnings.

January 23, 2012 - 7:00am

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Pan American to Acquire Minefinders and Create the Leading Geographically-Diversified Silver Producer

Chris Mullen — Mon, 23 Jan 2012 14:57:06 +0000

Source:
Yahoo

"Pan American Silver Corp. (TSX: PAA.TO - News)(NASDAQ: PAAS - News) ("Pan American") and Minefinders Corporation Ltd. (TSX: MFL.TO - News)(AMEX: MFN - News) ("Minefinders") are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement") pursuant to which Pan American will acquire all of the issued and outstanding common shares of Minefinders by way of a plan of arrangement.

January 23, 2012 - 6:57am

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Paramount Gold and Silver Reports Significant Intercepts in 10 New Drill Holes on Its San Miguel Deposit Including 13.45 Meters Grading 2.61 G/T Au and 513.8 G/T Ag

Chris Mullen — Mon, 23 Jan 2012 14:54:56 +0000

Source:
Yahoo

"Paramount Gold and Silver Corp. (AMEX: PZG - News)(TSX: PZG - News)(Frankfurt: P6G.F - News)(WKN: A0HGKQ) ("Paramount") today reported high-grade gold and silver values from 10 additional core holes drilled on the San Miguel Vein deposit at its 100%-owned San Miguel Project in Mexico. All 10 holes drilled in late 2011 on the San Miguel Vein deposit returned multiple intercepts of significant gold and silver mineralization including 5.1 meters grading 6.58 grams per tonne of gold and 1,285.9 grams per tonne of silver."

January 23, 2012 - 6:54am

Excellon provides fourth quarter, year end 2011 production and exploration updates

Chris Mullen — Mon, 23 Jan 2012 14:37:36 +0000

Source:
Yahoo

"TORONTO, Jan. 23, 2012 /PRNewswire/ - Excellon Resources Inc. (TSX:EXN.TO - News) ("Excellon" or "the Company") is pleased to report fourth quarter and year end production updates for 2011 and that it has exceeded both fourth quarter and annual silver production targets for 2011 by approximately 40% and 4.5% respectively. The Company also reports that at year-end, it held approximately US$22 million in cash.

In the fourth quarter the Company produced 484,617 ounces in concentrate compared to a budget target of 346,674 ounces of silver in concentrate.

January 23, 2012 - 6:37am

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Alexco Silver Production Increases 21% to More Than 600,000 Ounces in Fourth Quarter 2011

Chris Mullen — Mon, 23 Jan 2012 14:34:36 +0000

Source:
Yahoo

Alexco Resource Corp. (TSX: AXR.TO)(AMEX: AXU) today reports record silver production of 608,093 ounces during the fourth quarter of calendar 2011 from the Bellekeno mine in the Keno Hill Silver District, Yukon. Silver production increased 21%, mine output increased 66% and mill throughput increased 5% compared to the prior (third) quarter of calendar 2011. Total production during 2011, which was Alexco's first full year of mine operations, was 2,020,695 ounces of silver, 16,454,395 pounds of lead and 7,219,740 pounds of zinc.

January 23, 2012 - 6:34am

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Minefinders Jumps on Report of C$1 Billion Bid by Pan American

Chris Mullen — Mon, 23 Jan 2012 14:17:29 +0000

Source:
Bloomberg

Minefinders Corp. (MFL), which operates the Dolores gold and silver mine in Mexico, surged the most in almost three years in Frankfurt trading after The Globe and Mail reported it agreed a takeover of about C$1 billion ($988 million) by Pan American Silver Corp. (PAA)
The accord, agreed yesterday, is expected to be announced before trading starts in Toronto this morning, the newspaper reported, without saying where it got the information.

January 23, 2012 - 6:17am

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US mint better stocked to supply silver coins in 2012: refiner

Chris Mullen — Fri, 20 Jan 2012 20:43:17 +0000

Source:
platts

The US mint is better prepared now than in 2011 to cope with a surge in demand for silver coins, with a healthy cache of blank coins stocked to make investor and collector pieces such as the Silver Eagle, said Terry Hanlon, president of Dillon Gage Metals.

He noted that the Royal Canadian Mint has prepared itself well with gold coins, but is struggling to meet demand on the silver side.

January 20, 2012 - 12:43pm

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Live Silver Price Charts - SilverSeek.com

admin — Thu, 19 Jan 2012 18:07:41 +0000

SilverSeek.com is pleased to announce that the Live Silver Price Charts have been successfully moved to the new SilverSeek.com website.
You can now access the silver charts overview page: http://www.silverseek.com/quotes

January 20, 2012 - 12:37pm

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MAG Silver Plans Increased Exploration at Juanicipio and Cinco De Mayo

Chris Mullen — Fri, 20 Jan 2012 15:31:31 +0000

Source:
Yahoo

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/20/12)- MAG Silver Corp. (TSX: MAG.TO)(AMEX: MVG) ("MAG") is pleased to provide an update on its exploration projects and on its 2012 exploration program. MAG and Fresnillo plc ("Fresnillo"), as the Juanicipio Joint Venture, have approved a significant increase (89%) in the drilling program from 2011 to 2012 focusing on the potential for new veins. MAG will be involved in over 58,000 metres of diamond drilling on five separate projects including the Juanicipio Joint Venture and Cinco de Mayo project area.

January 20, 2012 - 7:31am

Pan American Silver Comments on Changes to Mining Legislation in Rio Negro, Argentina

Chris Mullen — Thu, 19 Jan 2012 20:22:17 +0000

Source:
Yahoo

"Pan American Silver Corp. (TSX: PAA.TO)(NASDAQ: PAAS) ("Pan American" or the "Company") owns 100% of the Calcatreu gold development project ("Calcatreu" or the "Project"), located in the Province of Rio Negro, in Argentina. Since acquiring the Project in early 2010 as part of the purchase of Aquiline Resources, the Company has performed only a modest amount of new work due to the fact that Rio Negro had banned the use of sodium cyanide, which is critical to the recovery of gold from Calcatreu's mineral resource.

January 19, 2012 - 12:22pm

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Coeur Appoints Randy Buffington Senior Vice President of Operations

Chris Mullen — Thu, 19 Jan 2012 14:53:08 +0000

Source:
Yahoo

"Coeur d’Alene Mines Corporation (NYSE:CDE)(TSX:CDM.TO) today announced the appointment of Randy Buffington to the position of Senior Vice President of Operations. In this role, Mr. Buffington will oversee the Company’s silver and gold mining operations worldwide.

January 19, 2012 - 6:53am

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Great Panther Silver Reports Improved Fourth Quarter Production

Chris Mullen — Tue, 17 Jan 2012 15:41:43 +0000

Author(s):
Great Panther Silver Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/17/12)- GREAT PANTHER SILVER LIMITED (TSX: GPR.TO)(AMEX: GPL) (the "Company") reports fourth quarter ("Q4") and annual production at its two wholly-owned Mexican silver mining operations, Guanajuato and Topia. Metal production for Q4 increased from Q3 by 13% to 545,294 silver equivalent ounces ("Ag eq oz"). For the year, metal production totaled 2,200,013 Ag eq oz; including record gold production of 8,015 oz. This is in line with the revised production guidance provided in October 2011.

January 18, 2012 - 1:59pm

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Sprott Physical Silver Trust Prices Follow-on Offering of Trust Units in an Aggregate Amount of US$303,600,000

Chris Mullen — Wed, 18 Jan 2012 15:53:33 +0000

Source:
Yahoo

Sprott Physical Silver Trust (the "Trust") (TSX:PHS-U.TO)(NYSE:PSLV), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP, announced today that it has priced its follow-on offering of 23,000,000 transferable, redeemable units of the Trust ("Units") at a price of US$13.20 per Unit (the "Offering"). As part of the Offering, the Trust has granted the underwriters an over-allotment option to purchase up to 3,450,000 additional Units.

January 18, 2012 - 7:53am

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Fractal Analysis Suggests Higher Silver Prices Are Coming

Chris Mullen — Wed, 18 Jan 2012 15:13:59 +0000

Author(s):
Hubert Moolman

The price of a good often behaves in a similar manner at or around the same kind of milestone. An example of such a milestone could be a significant top. Price often forms a similar type of pattern at different significant tops – different in terms of time of occurrence. This is a reflection of how market participants themselves often behave in a similar manner when faced with the same kind of situation.

January 18, 2012 - 7:16am

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The Great Silver Market Myth!

Chris Mullen — Wed, 18 Jan 2012 04:58:04 +0000

Author(s):
David Morgan

January 17, 2012 - 8:58pm

Sprott Physical Silver Trust Announces Follow-on Offering of Trust Units

Chris Mullen — Wed, 18 Jan 2012 01:28:47 +0000

Source:
Yahoo

Sprott Physical Silver Trust (the "Trust") (TSX: PHS.U)(NYSE: PSLV), a trust created to invest and hold substantially all of its assets in physical silver bullion and managed by Sprott Asset Management LP, announced today that it has launched a follow-on offering (the "Offering") of transferable, redeemable units of the Trust ("Units").

January 17, 2012 - 5:29pm

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A Short-lived Pause in the Silver Rally is More Than Likely

Chris Mullen — Tue, 17 Jan 2012 17:28:17 +0000

Author(s):
Przemyslaw Radomski

Our last week’s comments on the possible rally in gold (January 13^th, 2012) are still up to day, so we will begin this essay with a quote from the aforementioned essay and then we will move to the silver market.

January 17, 2012 - 9:32am

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Fortuna Silver to Ring NYSE Opening Bell Today, January 17, to Mark Recent Listing

Chris Mullen — Tue, 17 Jan 2012 16:27:56 +0000

Source:
Yahoo

Fortuna Silver Mines Inc. (NYSE: FSM - News) (TSX: FVI.TO - News) (BVL: FVI.TO - News) is pleased to announce that today Mr. Jorge Ganoza, President and CEO, and Mr. Simon Ridgway, Chairman of the Board, will be joined by Officers and Directors, to celebrate the Company's September, 2011 stock listing by ringing the New York Stock Exchange opening bell.

January 17, 2012 - 8:27am

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Silvercorp Surface Diamond Drilling Intercepted 3.13 Meters of 432 Grams per Tonne Silver at the GC Silver-Lead-Zinc Project in Guangdong Province, Southern China

Chris Mullen — Tue, 17 Jan 2012 16:21:13 +0000

Source:
Yahoo

Silvercorp Metals Inc. ("Silvercorp") (TSX: SVM.TO )(NYSE: SVM) is pleased to report the results for its 2011 surface drilling program at the GC silver-lead-zinc project located in Guangdong Province, Southern China. The drill program has discovered four new high grade silver (Ag), lead (Pb), and zinc (Zn) veins and a number of vein structures and isolated mineralized pockets, increasing the total number of mineralized veins at the GC property to 33 veins. The program also successfully extended the existing veins further to down dip and striking directions.

January 17, 2012 - 8:21am

Endeavour Silver Initiates Two $500,000, 5 Year Scholarship Programs for Earth Sciences at Queens University and the University of British Columbia

Chris Mullen — Tue, 17 Jan 2012 16:19:59 +0000

Source:
Yahoo

Endeavour has initiated funding of $100,000 per year for five years to each of Queens and UBC in order to fund undergraduate and graduate scholarships as well as other forms of financial assistance for students of the Earth Sciences, with the focus on studies in economic geology, mining and metallurgy.

January 17, 2012 - 8:19am

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The War Against Us

Chris Mullen — Mon, 16 Jan 2012 17:26:45 +0000

Author(s):
David Bond

The Wallace Street Journal
Wallace, Idaho – Just when was it that the United Snakes of America declared war on the Coeur d'Alene Mining District, and why?

January 16, 2012 - 9:27am

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Silver Market Update - January 16th, 2012

Chris Mullen — Mon, 16 Jan 2012 17:22:51 +0000

Author(s):
Clive Maund

The diminution in silver's downside momentum and the massive contradiction between our earlier bearish interpretation of the charts, and the strongly bullish COTs and sentiment indicators forces us today to reconsider the charts and ponder other possibilities, for we cannot afford to be on the wrong side of the trade in this commodity. Fortunately we are still ahead of the curve as silver has yet to "tip its hand", but it doesn't look like it will be long now before it does.

January 16, 2012 - 9:22am

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Silver prices felt in Indian sarees and sweets

Chris Mullen — Sun, 15 Jan 2012 22:48:46 +0000

Source:
DeccanHerald

At the Bengali Sweet House in the centre of New Delhi, business is brisk, with its silver-covered multi-coloured “barfi” sweets, an indispensable treat for sweet-toothed Indians. But co-owner Girish Aggarwal admits the silver is thinner than it used to be, as the diner-style snack restaurant tries to maintain profits in the face of soaring prices for the metal.

January 15, 2012 - 2:48pm

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COT Silver Report - January 13, 2012

Chris Mullen — Fri, 13 Jan 2012 20:33:09 +0000

Author(s):
SilverSeek.com

The COT reports which we look at each week provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.The weekly reports for Futures-and-Options-Combined Commitments of Traders are released every Friday at 3:30 p.m.

January 13, 2012 - 12:34pm

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Outlook for 2012 and Keeping Your Emotions Away From Your Silver

Chris Mullen — Thu, 12 Jan 2012 21:49:19 +0000

Author(s):
Dr. Jeff Lewis and Grant Williams

Grant Williams is portfolio manager and strategist for Vulpes Investment Management in Singapore – a hedge fund running $200million of largely partners’ capital across multiple strategies. In 2012, all Vulpes funds will be opened to outside investors. Grant has 26 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international investment houses. Grant also writes the popular investment blog ‘Things That Make You Go Hmmm…..’ which is available to subscribers.

January 13, 2012 - 7:37am

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Coeur Names Stefany Bales Director of Corporate Communications

Chris Mullen — Fri, 13 Jan 2012 15:27:41 +0000

Source:
Yahoo

Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM.TO - News) is pleased to announce the addition of Stefany Bales to its Environment, Health, Safety and Social Responsibility team as Director of Corporate Communications. Ms. Bales will serve as Coeur’s primary spokeswoman and will be responsible for developing and managing all corporate communication efforts in the U.S. and internationally. Bales joins the Coeur team at the Company’s corporate headquarters in Coeur d’Alene, Idaho.

January 13, 2012 - 7:27am

First Majestic Silver Corp. Achieved Record Production of 1.96M Silver Ounces (2.1M Silver Eqv. Ounces) in Q4; Produced a Record 7.6M Silver Eqv. Ounces in 2011

Chris Mullen — Thu, 12 Jan 2012 14:44:45 +0000

Author(s):
First Majestic Silver Corp.

First Majestic Silver Corp. ("First Majestic" or the "Company") is pleased to announce the Company's fourth quarter and full year 2011 production results.

Highlights
Total production increased by 17% to a new quarterly record of 2,101,528 silver equivalent ounces
Total silver production increased by 15% to a new quarterly record of 1,957,657 ounces
Silver production amounted to 93% of total production in the fourth quarter
Total processed ore in the quarter increased by 7% to a record 565,003 tonnes

January 12, 2012 - 1:42pm

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SilverCrest Reports Record Production in Q4 at Santa Elena

Chris Mullen — Thu, 12 Jan 2012 14:36:20 +0000

Author(s):
SilverCrest Mines Inc.

- Silver Production up 23 % to 131,045 ounces
- Gold Production up 8% to 9,536 ounces
"VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/12/12)- SilverCrest Mines Inc. (TSX-V: SVL.V)(OTCQX: STVZF.PK)(Pinksheets: STVZF.PK - News) (the "Company") is pleased to announce record production of silver and gold was achieved in the Fourth Quarter, 2011 from the Santa Elena Mine located in Sonora, Mexico."
Santa Elena Mine Production Highlights: Fourth Quarter, 2011 compared to Third Quarter, 2011

January 12, 2012 - 1:42pm

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Has the Central Fund of Canada Given Us Another Silver Buy Signal?

Chris Mullen — Thu, 12 Jan 2012 15:00:32 +0000

Author(s):
Adam Brochert

I stumbled onto this little gem about a year ago and I think it is about to work its magic again. I am speaking of the ratio of the Central Fund of Canada (CEF) to the price of Gold. Please see the original blog post for an explanation of this CEF:Gold ratio.

January 12, 2012 - 11:54am

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Silver Coin Sales May Signal Bear-Market End: Chart of the Day

Chris Mullen — Thu, 12 Jan 2012 15:11:30 +0000

Source:
Businessweek

The surge in the U.S. Mint’s sales of American Eagle silver coins in January may signal an end to the bear market in the metal.
The CHART OF THE DAY shows the Mint sold 4.26 million ounces of the coins to authorized purchasers Jan. 3 through Jan. 10. At this pace, full-month deliveries may reach 14.2 million ounces, more than twice the record 6.422 million ounces sold in January 2011.

January 12, 2012 - 7:11am

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Mine shutdown to mean lost jobs, economic uncertainty

Chris Mullen — Thu, 12 Jan 2012 15:10:04 +0000

Source:
Spokesman

Federal regulators’ decision to shut down the Lucky Friday Mine’s main shaft was greeted with confusion and concern Wednesday in Idaho’s Silver Valley.
Officials at Hecla Mining Co., which operates the underground silver mine, said it will take a year to clean the shaft to regulators’ specifications. The mine will be closed during that time, resulting in the layoffs of more than 200 employees and contractors.

January 12, 2012 - 7:10am

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U.S. Mint Eagle Gold Coins May Pace Silver Sales, Dealer Says

Chris Mullen — Thu, 12 Jan 2012 14:51:37 +0000

Source:
Bloomberg

“Silver always gets more attention than gold at the beginning of the year. Those are coins that have had problems with allocations, more so than gold. The U.S. Mint has always geared up to provide enough gold.
‘‘As the year goes on, the gold sales will increase and keep up with the pace of silver Eagles more. There aren’t that many people ‘buying the date’ at the beginning of the year in gold, as they do with silver, and if they do, they do this in fractionals.

January 12, 2012 - 6:51am

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Aurcana Reports: Record Silver Production at La Negra

Chris Mullen — Thu, 12 Jan 2012 14:48:43 +0000

Source:
Yahoo

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/12/12)- Aurcana Corporation ("Aurcana" or the "Company") (TSX-V: AUN.V - News)(OTCQX: AUNFF.PK - News)(Pinksheets: AUNFF.PK - News) is pleased to report silver production for Q4 2011 of 265,230 ounces, the largest quarter for silver production in Aurcana history, compared to 251,020 in Q4 2010. Silver production for 2011 increased 20.1% to 1,007,256 ounces compared to 838,077 ounces in 2010. Silver Equivalent increased 28.3% to 1,737,203 for 2011, compared to 1,354,315 in 2010.

January 12, 2012 - 6:48am

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Silver Standard Provides Update on 2011 Pirquitas Operations and Announces 2012 Guidance

Chris Mullen — Thu, 12 Jan 2012 14:18:39 +0000

Source:
Yahoo

Silver Standard Resources Inc. (TSX: SSO.TO - News)(NASDAQ: SSRI - News) ("Silver Standard" or the "Company") today provided an update on the status of operations at the Pirquitas mine in Jujuy, Argentina and announced guidance for 2012.
"We have taken a number of important steps at Pirquitas that positions us well for 2012," said John Smith, President and CEO of Silver Standard. "Our focus at the mine is to continue to provide consistent quarter on quarter performance, cost management and brown-fields exploration."

January 12, 2012 - 6:18am

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Feds order closure of accident-prone Idaho mine

Chris Mullen — Wed, 11 Jan 2012 22:52:11 +0000

Source:
Yahoo

Federal safety inspectors have ordered one of the nation's deepest underground mines closed in northern Idaho following an investigation prompted by a series of accidents that killed two miners over the last year.
The Lucky Friday Mine, one of the nation's top silver producers, may remain closed for a year after inspectors determined that sand and concrete material that had leaked from a pipe into a mine shaft over the years needed to be removed.

January 11, 2012 - 2:52pm

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New Emerging Producers: South American Silver Corp.

Chris Mullen — Wed, 11 Jan 2012 15:03:44 +0000

Author(s):
J Taylor’s Gold, Energy & Tech Stocks

(TSX: SAC; US OTC: SOHAF; 100,841,201 Shares Outstanding; Recent Price $1.35 = $136.2 Million)

January 11, 2012 - 10:33am

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IMPACT Silver Corp. Announces Commencement of Construction at the Capire Open Pit Silver Mine

Chris Mullen — Wed, 11 Jan 2012 18:32:17 +0000

Source:
Yahoo

"IMPACT Silver Corp. ("IMPACT" or "the Company") (TSX-V: IPT.V - News) is very pleased to announce that construction of the new Capire Open Pit Silver Mine ("Capire") has now commenced. Capire represents a new production center in a new mining district and an opportunity that, upon successful completion of the proposed exploration and development programs, would propel IMPACT to become a multimillion ounce silver producer.

January 11, 2012 - 10:32am

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Hecla must shut down Lucky Friday for entire year, stock down 20%

Chris Mullen — Wed, 11 Jan 2012 15:22:46 +0000

Source:
Mining

Hecla Mining Company announced on Wednesday that US mine safety officials have ordered the Silver Shaft at the Lucky Friday mine in Mullan, Idaho closed for removal of built-up material in the shaft. The silver-lead-zinc mine in northern Idaho is one of the deepest underground mines in the US.

January 11, 2012 - 7:22am

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Revett Minerals Inc. : Revett Minerals to ring today's Closing Bell at New York Stock Exchange

Chris Mullen — Wed, 11 Jan 2012 14:59:12 +0000

Source:
Yahoo

"Revett Minerals Inc. (NYSE AMEX:RVM/TSX:RVM/) is pleased to announce that Mr. Jerry Cummings, a Team Leader in Revett's Troy Mine Flotation Mill, will ring today's closing bell on the New York Stock Exchange.

January 11, 2012 - 6:59am

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Hecla Reports Temporary Care and Maintenance at Lucky Friday Mine

Chris Mullen — Wed, 11 Jan 2012 14:56:56 +0000

Source:
Yahoo

Hecla Mining Company (“Hecla”) (NYSE:HL) reports that the Mine Safety and Health Administration (“MSHA”) has ordered the Silver Shaft at the Lucky Friday mine in Mullan, Idaho closed for removal of built-up material in the shaft. This order is pursuant to the investigation following the December 14, 2011 rock burst. Compliance with the order is expected to take through year-end. Hecla’s 2012 silver production is now estimated to be approximately 7 million ounces.

January 11, 2012 - 6:56am

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Paramount Gold and Silver Reports Silver Grades Up to 387 g/Tonne From New Drilling on its San Miguel Project in Mexico

Chris Mullen — Wed, 11 Jan 2012 14:56:07 +0000

Source:
Yahoo

"Paramount Gold and Silver Corp. (AMEX: PZG - News)(TSX: PZG - News)(Frankfurt: P6G.F - News)(WKN: A0HGKQ) ("Paramount") today reported more high-grade assay results from eight additional holes drilled at the fast-growing silver-rich San Antonio deposit on its 100%-owned San Miguel Project in Mexico.

January 11, 2012 - 6:56am

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Silver Bull Intersects 51.8G/T Silver Over 109.4 Meters to Further Extend the New "Centenario" Discovery at the Sierra Mojada Project, Coahuila, Mexico

Chris Mullen — Wed, 11 Jan 2012 14:53:31 +0000

Source:
Yahoo

"We are extremely pleased with the continued positive results coming from the Centenario Zone which highlights the potential of Sierra Mojada as a large low grade silver deposit similar in style to Coeur d'Alene Mines Corporation Rochester mine. Following on from the $10.5 million financing we completed in December 2011 , we are well positioned to continue drilling out the Centenario Zone as well as the extension to the Shallow Silver Zone in the west.

January 11, 2012 - 6:53am

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Golden Minerals Reports Significant Operational Improvements at Velardena and Company Strategic Direction

Chris Mullen — Wed, 11 Jan 2012 14:51:53 +0000

Source:
Yahoo

"Golden Minerals Company (AMEX: AUMN - News) (TSX: AUM.TO - News) ("Golden Minerals" or "the Company") is pleased to report significant operating improvements at the Velardeña Operations, located in the State of Durango, Mexico, since the merger with ECU Silver on September 2, 2011. The Company also announced plans to rationalize its extensive exploration portfolio."

January 11, 2012 - 6:51am

International Minerals Announces Positive Feasibility Study at Inmaculada Gold-Silver Project, Peru

Chris Mullen — Wed, 11 Jan 2012 14:50:44 +0000

Source:
Yahoo

"International Minerals Corporation (TSX: IMZ.TO - News) (SWISS: IMZ.TO - News) announces positive results for the independent Feasibility study at its 40%-owned (Hochschild Mining 60%) Inmaculada gold-silver deposit in Peru ("Inmaculada").

January 11, 2012 - 6:50am

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Why Silver For A Monetary Collapse? Part 2

Chris Mullen — Tue, 10 Jan 2012 14:51:52 +0000

Author(s):
Hubert Moolman

In part 1, I stated:

January 10, 2012 - 6:51am

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Mines Management Signs Letter of Intent to Acquire La Estrella Gold-Silver Property In Peru

Chris Mullen — Tue, 10 Jan 2012 14:46:35 +0000

Source:
Yahoo

"Spokane, Washington - January 10th, 2012 - Mines Management, Inc. (NYSE-Amex: "MGN", TSX: "MGT") (the "Company") is pleased to announce it has signed a letter of intent ("LOI") with Estrella Gold Corp. ("EGC") for an option to acquire up to 75% of the La Estrella gold and silver project ("Project") located in central Peru approximately 230 km southeast of Lima.

January 10, 2012 - 6:46am

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Endeavour Silver Sets New Production Records in 4th Quarter, 2011; Silver Production up 25% to 1,120,780 oz, Gold Output up 45% to 7,045 oz

Chris Mullen — Tue, 10 Jan 2012 14:43:23 +0000

Source:
Yahoo

"Endeavour Silver Corp. (TSX: EDR.TO - News)(NYSE: EXK - News)(Frankfurt: EJD.F - News) announced today record-setting silver and gold production from the Company's two operating silver mines in Mexico, the Guanacevi Mine in Durango State and the Guanajuato Mine in Guanajuato State for the Fourth Quarter, 2011.
In Q4, 2011, silver production was up 25% to 1,120,780 ounces (oz) and gold production was up 45% to 7,045 oz compared to the Fourth Quarter, 2010."

January 10, 2012 - 6:43am

Minefinders Announces Fourth Quarter and Full Year 2011 Production and Sales Results; Exceeds 2011 Production Forecast

Chris Mullen — Mon, 09 Jan 2012 15:09:32 +0000

Source:
Yahoo

Minefinders Corporation Ltd. ("Minefinders" or the "Company") (TSX: MFL.TO - News)(AMEX: MFN - News) is today reporting its production and sales results for the quarter ended December 31, 2011 and for the full 2011 year. Full 2011 financial and operating results will be released after market close on Thursday, February 23, 2012.

January 9, 2012 - 7:22pm

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Huldra Silver Provides Bulk Sample Update for Treasure Mountain

Chris Mullen — Mon, 09 Jan 2012 18:38:29 +0000

Author(s):
Huldra Silver Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/09/12)- Huldra Silver Inc. (TSX-V: HDA.V, HUSIF.PK) (the "Company" or "Huldra") today provides an update on the 10,000 tonne underground bulk sample program at its 100% owned Treasure Mountain Property.

January 9, 2012 - 7:21pm

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SilverCrest Retires Bank Debt Ahead of Schedule

Chris Mullen — Mon, 09 Jan 2012 15:04:11 +0000

Author(s):
SilverCrest Mines Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/09/12)- SilverCrest Mines Inc. (TSX-V: SVL.V - News)(Pinksheets: STVZF.PK - News)(OTCQX: STVZF.PK - News) (the "Company" or "SilverCrest") is pleased to announce that it has retired the Project Loan Facility with Macquarie Bank Limited related to the construction of the Santa Elena Mine located in Sonora, Mexico. The original amount of the loan was $12.5 million USD and the principal balance outstanding at September 30, 2011 was $7.1 million USD.

January 9, 2012 - 7:20pm

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Silvercorp Sues Jon R. Carnes, His EOS Holdings and Zane Heilig as "Alfred Little"/"IFRA" in Silvercorp Amended New York Lawsuit

Chris Mullen — Tue, 10 Jan 2012 01:33:14 +0000

Source:
Yahoo

"Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM.TO - News)(NYSE: SVM.TO - News) today filed an amended lawsuit in the Supreme Court of the State of New York, County of New York, adding EOS Holdings LLC., Jon Carnes, Zane Heilig, Andrew Wong and International Financial Research & Analysis Group ("IFRA"), as defendants.

January 9, 2012 - 5:33pm

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Keiser Report Interviews David Morgan: Spiral of debt towards the paranormal

Chris Mullen — Mon, 09 Jan 2012 02:23:02 +0000

Author(s):
Max Keiser and David Morgan

January 9, 2012 - 6:36am

Silver Market Update - January 8th, 2012

Chris Mullen — Mon, 09 Jan 2012 02:33:21 +0000

Author(s):
Clive Maund

A large and very bearish looking Head-and-Shoulders top appears to be completing in silver which portends a severe decline and thus a deflationary downwave. However, a factor complicating the picture in recent weeks has been the COT structure for silver and sentiment indicators, both of which look very bullish.

January 8, 2012 - 6:33pm

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COT Silver Report - January 6, 2012

Chris Mullen — Fri, 06 Jan 2012 20:35:49 +0000

Author(s):
SilverSeek.com

The COT reports which we look at each week provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.The weekly reports for Futures-and-Options-Combined Commitments of Traders are released every Friday at 3:30 p.m.

January 6, 2012 - 12:35pm

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Silver’s safe haven status intact despite price slide

Chris Mullen — Fri, 06 Jan 2012 19:51:33 +0000

Source:
canada

While nobody seems to be interested in making million-dollar bets on the silver price like Peter Grandich did when he challenged Dennis Gartman in December, investors nevertheless remain fixated on the metal as a safe haven despite its price pullback of late.
Stephen Walker, analyst with RBC Capital Markets, notes that total silver ETF holdings have remained fairly constant since late September even as prices fell off at the end of 2011.

January 6, 2012 - 11:51am

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Silver Confirms the Bullish Outlook for Precious Metals

Chris Mullen — Fri, 06 Jan 2012 16:45:10 +0000

Author(s):
Przemyslaw Radomski

The new year started off with a bang with precious metals out-shining the competition. Is this a harbinger of things to come? We think so and we are not alone. Forecasts for gold for 2012 include a price per ounce of $2,200 by Morgan Stanley, $2,050 by UBS, and $2,000 by Barclays.

January 6, 2012 - 8:50am

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March Silver in Backwardation

Chris Mullen — Fri, 06 Jan 2012 14:56:05 +0000

Author(s):
Keith Weiner

March silver has been flirting with backwardation since the end of 2011, and today it has moved more firmly into backwardated territory. This is extremely bullish for silver, and let me explain why.

January 6, 2012 - 7:02am

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Demand For Silver Bullion Coins Hits Record High On Bargain Prices

Chris Mullen — Fri, 06 Jan 2012 14:31:59 +0000

Source:
Gold and Silver Blog

Sales of American Silver Eagle bullion coins hit an all time record high during 2011 according to production figures from the U.S. Mint.
Sales of the Silver Eagle bullion coins increased by 13.3% in December to 2,009,000 compared to last year's sales of 1,772,000. For all of 2011, total Silver Eagle sales came in at an all time record high of 39,868,500 ounces, up 15.0% from the prior year's total of 34,662,500 ounces.

January 6, 2012 - 6:31am

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SilverCrest Announces Initial Resources at La Joya Property; +100 Million Ounces Silver Equivalent(i)

Chris Mullen — Fri, 06 Jan 2012 02:54:56 +0000

Author(s):
SilverCrest Mines Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/05/12)- SilverCrest Mines Inc. (TSX-V: SVL.V)(Pinksheets: STVZF.PK)(OTCQX: STVZF.PK) (the "Company") is pleased to announce it has completed its initial resource estimation for its La Joya Property in Durango, Mexico. Inferred Resources within the Phase I area are estimated at 57.9 million tonnes grading 28 gpt silver, 0.18 gpt gold, and 0.21% Cu.

January 5, 2012 - 6:54pm

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First Majestic Appoints Chief Information Officer

Chris Mullen — Wed, 04 Jan 2012 15:45:21 +0000

Author(s):
First Majestic Silver Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -01/04/12)- First Majestic Silver Corp. ("First Majestic" or the "Company") (TSX: FR.TO)(NYSE: AG)(Frankfurt: FMV.F) is pleased to announce the appointment of Mr. Martin Palacios to the position of Chief Information Officer ("CIO").
Mr. Palacios will be responsible for upgrading information technology infrastructure and for implementing new technology processes to assist with the Company's long-term aggressive growth objective of becoming a senior silver producer.

January 5, 2012 - 10:39am

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Orex Provides Update on Drilling at Barsele Gold Project, Northern Sweden

Chris Mullen — Wed, 04 Jan 2012 19:10:12 +0000

Author(s):
Orex Minerals Inc.

Vancouver, B.C.

January 5, 2012 - 10:39am

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First Majestic Names Douglas Penrose as Chairman

Chris Mullen — Fri, 30 Dec 2011 20:47:18 +0000

VANCOUVER, BRITISH COLUMBIA--(Marketwire -12/30/11)- First Majestic Silver Corp. ("First Majestic" or the "Company") (TSX: FR.TO - News)(NYSE: AG - News)(Frankfurt: FMV.F - News) is pleased to announce that Douglas Penrose has been appointed as Chairman of the Board effective January 1, 2012. In addition to his new role, Mr. Penrose will continue to serve as the Chairman of the Audit Committee.

January 5, 2012 - 10:38am

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Trading Silver in the Dead of Night

Chris Mullen — Thu, 05 Jan 2012 18:06:22 +0000

Author(s):
Rick Ackerman

Here’s a piece of advice for frustrated day traders: try night trading. While we’d be the first to concede that scalping at any hour of the day will never be easy pickings, many opportunities that we see in the middle of the night seem less challenging than the ones served up intraday. An obvious reason is that there just isn’t as much competition. To be sure, the predators who work the graveyard shift are not the kind of guys you’d want to sit down with at a poker table. They have special skills, like the adaptations of lizards and insects that live in the desert.

January 5, 2012 - 10:36am

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2011 Silver Eagle Annual Bullion Sales Record Stops Near 40 Million

Chris Mullen — Thu, 05 Jan 2012 14:34:36 +0000

Source:
CoinNews

A sluggish final two weeks in December stopped sales of American Silver Eagle bullion coins from reaching 40 million in 2011. But it was close. The all-time Silver Eagle annual sales record finished at 39,868,500.

January 5, 2012 - 6:34am

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SilverCrest Announces Initial Resources at La Joya Property; +100 Million Ounces Silver Equivalent(i)

Chris Mullen — Thu, 05 Jan 2012 14:30:54 +0000

Source:
Yahoo

"SilverCrest Mines Inc. (TSX-V: SVL.V - News)(Pinksheets: STVZF.PK - News)(OTCQX: STVZF.PK - News) (the "Company") is pleased to announce it has completed its initial resource estimation for its La Joya Property in Durango, Mexico. Inferred Resources within the Phase I area are estimated at 57.9 million tonnes grading 28 gpt silver, 0.18 gpt gold, and 0.21% Cu.

January 5, 2012 - 6:30am

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Silver Standard Announces Appointment of Chief Financial Officer

Chris Mullen — Thu, 05 Jan 2012 14:28:01 +0000

Source:
Yahoo

"Silver Standard Resources Inc. (TSX: SSO.TO - News)(NASDAQ: SSRI - News) ("Silver Standard" or the "Company") today announced the appointment of Gregory J. Martin as Senior Vice-President and Chief Financial Officer of the Company, effective January 31, 2012.

January 5, 2012 - 6:28am

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The Possibility of $1,000 Silver before Hyperinflation

Chris Mullen — Tue, 03 Jan 2012 17:58:06 +0000

Author(s):
Global Investments Ltd

2011 was both an amazing and disappointing year for silver investors. The most disappointed of all are those who bought in during the April highs, when silver almost reached $50. However, what these investors need to remember is that not too long ago, people were fretting over changes in prices of ten cents or less. Not too far down the road, the difference between $29 silver and $50 silver will also seem rather minimal.

January 4, 2012 - 11:13am

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Indians innovate to keep a shine as silver prices soar

Chris Mullen — Wed, 04 Jan 2012 14:05:55 +0000

Source:
Reuters

At the Bengali Sweet House in the centre of New Delhi business is brisk, with its silver-covered multi-coloured "barfi" sweets an indispensable treat for the sweet-toothed. But co-owner Girish Aggarwal admits the silver is thinner than it used to be, as the diner-style snack restaurant tries to maintain profits in the face of soaring prices for the metal.
"We used to put five silver leaves on a batch, now we are putting on four," says Aggarwal, plumped in front of the cash register in the white-tiled dining room.

January 4, 2012 - 11:13am

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Bear Creek Announces Lisa May as Director of Investor Relations and SEDAR Filing of Corani Feasibility Study 43-101; Peru

Chris Mullen — Wed, 04 Jan 2012 15:43:21 +0000

Source:
Yahoo

"Bear Creek Mining (TSX Venture: BCM / BVL: BCM) ("Bear Creek" or the "Company") is pleased to announce that Lisa May will become Director of Investor Relations for the Company, effective January 3. Ms. May previously held positions with Rimfire Minerals Corporation and Indicator Minerals Inc., before creating Lisa D. May & Associates, an IR consulting firm. Most recently, Ms. May was the Director of Investor Relations for Plutonic Power Corporation (an alternative energy company) that merged with Magma Energy Corp. to form Alterra Power Corp.

January 4, 2012 - 7:43am

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Gold, Silver Advance After Iran’s First Nuclear Rod Spurs Haven Demand

Chris Mullen — Mon, 02 Jan 2012 19:45:18 +0000

Source:
Bloomberg

Gold and silver gained after reports that Iran produced its first nuclear fuel rod, spurring investors to buy the precious metal as a haven.
Gold for immediate delivery advanced 0.2 percent to $1,566.37 an ounce at 5:32 p.m. in London. Silver was 0.1 percent higher at $27.8625 an ounce. Gold rose 10 percent last year and silver dropped 9.9 percent.

January 2, 2012 - 11:45am

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COT Silver Report - December 30, 2011

Chris Mullen — Fri, 30 Dec 2011 20:33:18 +0000

Author(s):
SilverSeek.com

The COT reports which we look at each week provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.The weekly reports for Futures-and-Options-Combined Commitments of Traders are released every Friday at 3:30 p.m.

December 30, 2011 - 12:33pm

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Silvercorp to Commence Work on Resource and Reserve Updates

Chris Mullen — Fri, 30 Dec 2011 03:12:24 +0000

Source:
Yahoo

Silvercorp Metals Inc. (TSX: SVM)(NYSE: SVM) ("Silvercorp" or the "Company") is pleased to announce the Company has retained two internationally recognized independent consulting firms to prepare updated NI 43-101 reports on four of its properties. AMC Mining Consultants (Canada) Ltd.

December 29, 2011 - 7:12pm

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U.S. Mint says has enough gold, silver Eagles coins

Chris Mullen — Wed, 28 Dec 2011 20:54:05 +0000

Source:
Reuters

The United States Mint said on Wednesday it has enough American Eagle gold and silver bullion coins to meet demand and does not expect to allocate them in early 2012.
Sales of the U.S. gold and silver bullion coins have slowed in the fourth quarter as precious metals prices retreated from record highs, bucking a trend earlier this year when investors flocked to physical gold and silver as safe havens.

December 29, 2011 - 6:47am

Paramount Gold and Silver Releases New Resource Estimates on a Portion of its San Miguel Project

Chris Mullen — Wed, 28 Dec 2011 15:15:24 +0000

Source:
Yahoo

"Paramount Gold and Silver Corp. (AMEX: PZG - News)(TSX: PZG - News)(Frankfurt: P6G.F - News)(WKN: A0HGKQ) ("Paramount") announced today it has completed NI 43-101-compliant resource re-modeling for San Antonio and La Union, two of the seven deposits on its 100%-owned San Miguel Project in northern Mexico."

December 28, 2011 - 7:15am

Why we are sticking with silver as our top pick for 2012

Chris Mullen — Tue, 27 Dec 2011 14:31:56 +0000

Author(s):
Peter Cooper

Silver is the most volatile of metals in terms of price and 2011 was no exception to that rule. We have been down 20 per cent, up 67 per cent and will likely end the year just in the positive column.
Gold was less volatile ending up almost 20 per cent but well off its high for the year of $1,923 – close to but not above the $2,000 target set by goldbugs and 42 per cent up on prices at the start of the year. It is by far the best performing major asset class this year.
Silver price swings

December 27, 2011 - 6:31am

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COT Silver Report - December 23, 2011

Chris Mullen — Fri, 23 Dec 2011 20:33:47 +0000

Author(s):
SilverSeek.com

The COT reports which we look at each week provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.The weekly reports for Futures-and-Options-Combined Commitments of Traders are released every Friday at 3:30 p.m.

December 23, 2011 - 12:33pm

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Sprott's Call for Silver Producers to Hold Back Metal Strikes Chord

Chris Mullen — Wed, 21 Dec 2011 21:23:52 +0000

Author(s):
The Gold Report and Eric Sprott

December 23, 2011 - 10:37am

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In spite of accidents, Hecla maintains 2011 guidance of 9m silver ozs

Chris Mullen — Thu, 22 Dec 2011 14:25:13 +0000

Source:
Mineweb

After experiencing three accidents, including two fatalities, at the Lucky Friday silver mine near Mullan, Idaho, in the past nine months, Hecla Mining announced Wednesday it would build a haulage road to bypass a rock burst area.
Meanwhile, Hecla also announced that its overall silver production will remain within previous guidance this year, anticipated to be more than 9 million ounces. The Coeur d'Alene, Idaho-based silver miner also said it would mine 9.5 million ounces of silver in 2012 despite the expected loss of two months of production at Lucky Friday.

December 22, 2011 - 6:26am

Coeur Granted Court-Imposed Injunction in Rochester Claim Dispute

Chris Mullen — Wed, 21 Dec 2011 15:09:45 +0000

Source:
Yahoo

"Coeur d’Alene Mines Corporation (NYSE: CDE - News) (TSX: CDM.TO - News) reports that the state district court in Pershing County, Nevada granted, in part, Coeur Rochester’s motion for a preliminary injunction against Rye Patch Gold Corp. preventing Rye Patch from entering Coeur Rochester’s active mining areas. Mining operations at the Rochester mine site remain unencumbered by this decision and exploration activities continue."

December 21, 2011 - 7:09am

Hecla Provides Update on Lucky Friday and Announces Hecla’s 2012 Production Estimate

Chris Mullen — Wed, 21 Dec 2011 15:02:18 +0000

Source:
Yahoo

"Hecla Mining Company (“Hecla”) (NYSE:HL) reports that in order to ensure safe and efficient operations for its personnel, Hecla will develop a new haulage way to bypass the rock burst that occurred at the Lucky Friday mine near Mullan, Idaho, on December 14. Creating the bypass and reestablishing mine production is expected to be complete by the end of February 2012.

December 21, 2011 - 7:02am

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Silvercorp Metals Inc.: Chinese Law Enforcement Agents Open Criminal Case to Investigate Creators of Falsified Reports

Chris Mullen — Wed, 21 Dec 2011 15:01:01 +0000

Source:
Yahoo

"Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX: SVM - News)(NYSE: SVM - News) has been advised that Chinese law enforcement agents have opened a criminal case to investigate and find the creators of false and fraudulent reports by anonymous parties such as IFRA, Alfred Little and others, attacking Silvercorp and its Chinese subsidiaries."

December 21, 2011 - 7:01am

Silver Wheaton Appoints Senior Vice President, Corporate Development, to Lead Company's Growth Initiatives

Chris Mullen — Tue, 20 Dec 2011 22:52:24 +0000

Source:
Yahoo

"Silver Wheaton Corp. ("Silver Wheaton" or the "Company") (TSX:SLW.TO - News)(NYSE:SLW.TO - News) is pleased to announce the appointment of Mr. HaythamHodaly as Senior Vice President, Corporate Development, effective January 1, 2012 . By identifying and establishing promising new silver streaming partners, and further strengthening the company's current partnerships, Mr. Hodaly will play a key role in ensuring Silver Wheaton achieves its strategic growth initiatives.

December 20, 2011 - 2:52pm

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Gold Back Above $1,600/Ounce; Hold Your Horses! Here Comes Silver?

Chris Mullen — Tue, 20 Dec 2011 15:11:28 +0000

Source:
Barron's

Gold and silver are rallying Tuesday morning, trying to stem an end-of-year slowdown that has seen both toying with double-digit percentage losses in December.
But as analysts caution investors not to read too much into today’s upswing, others are noting a subtle change. Could silver be regaining its stature as the precious metal with the biggest upside?

December 20, 2011 - 9:27am

A Buying Opportunity for Silver ETFs?

Chris Mullen — Tue, 20 Dec 2011 14:52:02 +0000

Source:
ETF Trends

Silver prices have been pushed below $30 an ounce in the recent sell-off as investors raise cash in the wake of the collapse of commodities broker MF Global. Europe’s debt crisis and fears of deflation have hurt the white metal, but some see a buying opportunity at these price levels.

December 20, 2011 - 9:27am

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Minefinders Retires 2011 Convertible Notes

Chris Mullen — Tue, 20 Dec 2011 17:26:17 +0000

Source:
Yahoo

"Minefinders Corporation Ltd. ("Minefinders" or the "Company") (TSX: MFL.TO )(AMEX: MFN) announced today the full settlement of its $52.1 million convertible notes (the "2011 Notes") in accordance with their terms.
In settling the 2011 Notes, the Company issued 4,202,199 common shares on the conversion of $45.72 million face value of the 2011 Notes. The remaining 2011 Notes with a face value of $6.34 million were held to maturity and settled by a cash payment of $6.34 million in respect of the principal and $0.14 million in respect of accrued interest."

December 20, 2011 - 9:26am

South American Silver Announces 4 Billion Pound Copper Discovery in Chile

Chris Mullen — Mon, 19 Dec 2011 15:48:25 +0000

Author(s):
South American Silver Corp.

VANCOUVER, BRITISH COLUMBIA--(Marketwire -12/19/11)- South American Silver Corp. (TSX: SAC.TO)(Pinksheets: SOHAF.PK) announces the first independent NI 43-101-qualified resource estimate for the Company's 100%-controlled Escalones copper-gold-silver project in central Chile.
Highlights:

December 20, 2011 - 7:09am

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Extorre Announces Filing of NI 43-101 Technical Report for Cerro Moro

Chris Mullen — Mon, 19 Dec 2011 15:43:37 +0000

Author(s):
Extorre Gold Mines Limited

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 19, 2011) - Extorre Gold Mines Limited (TSX:XG.TO)(NYSE Amex:XG)(FRANKFURT:E1R.F) ("Extorre" or the "Company") is pleased to announce the filing of an updated National Instrument 43-101 compliant mineral resource estimate for its Cerro Moro project.
The technical report was prepared by independent consultants Cube Consulting Pty Ltd.

December 20, 2011 - 7:07am

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Oremex Silver Acquires Additional Concessions Adjacent to Chalchihuites Silver Project

Chris Mullen — Tue, 20 Dec 2011 14:54:28 +0000

Source:
Yahoo

"Oremex Silver Inc. ("Oremex" or the "Company") (TSX-V: OAG.V - News)(OTCQX: ORAGF.PK - News)(Frankfurt: OSI.F - News) is pleased to announce that its' wholly owned Mexican subsidiary, Minera Mantos S. de R.L. de C.V., has entered into a letter agreement to acquire the Navidad Group concessions. The Navidad Group consists of four exploration concessions totaling 392.53 hectares in the Chalchihuites district and adjacent to Oremex's Chalchihuites silver project (Figure 1)."

December 20, 2011 - 6:54am

The Silver Rush at MF Global

Chris Mullen — Mon, 19 Dec 2011 18:37:16 +0000

Source:
Barron's

Investors are furious that they can't get back the gold and silver they stashed with the failed brokerage.
It's one thing for $1.2 billion to vanish into thin air through a series of complex trades, the well-publicized phenomenon at bankrupt MF Global. It's something else for a bar of silver stashed in a vault to instantly shrink in size by more than 25%.
That, in essence, is what's happening to investors whose bars of silver and gold were held through accounts with MF Global.

December 19, 2011 - 10:37am

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Revett Provides Operational Guidance for 2012

Chris Mullen — Mon, 19 Dec 2011 18:35:20 +0000

Source:
Yahoo

"Revett Minerals Inc. (AMEX: RVM.TO - News) (TSX: RVM.TO - News) is pleased to issue 2012 operational guidance for production from its Troy silver and copper mine in northwestern Montana."

December 19, 2011 - 10:35am

MAG Silver Announces Additional Silver and Gold in Updated Juanicipio Resource Estimation by Roscoe Postle and Associates

Chris Mullen — Mon, 19 Dec 2011 15:35:47 +0000

Source:
Yahoo

"MAG Silver Corp. (TSX: MAG.TO - News)(AMEX: MVG - News) ("MAG" or the "Company") announces an independent updated Mineral Resource estimate for the Juanicipio Property completed by Roscoe Postle Associates Inc. ("RPA") on behalf of MAG. The updated RPA Mineral Resource estimate is based on drill results available as of August 5, 2011, and was prepared in parallel with the June 2011 estimate by Strathcona Mineral Services ("Strathcona") recently completed on behalf of the Minera Juanicipio Joint Venture ("Joint Venture") (see Press Release dated November 10, 2011).

December 19, 2011 - 7:35am

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Silver Market Update

Chris Mullen — Sun, 18 Dec 2011 17:47:44 +0000

Author(s):
Clive Maund

Some weeks ago in a Silver Market update we had noted that a large potential Head-and-Shoulders top area was completing in silver, but we got "thrown off the scent" by the positive Accum-Distrib line (now rapidly reversing) and the seemingly strongly bullish COT structure. In the light of the severe bearish breakdown by stocks indices last week this potential H&S top is now viewed as legitimate.

December 18, 2011 - 9:47am

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GoldSeek.com Radio: Gerald Celente, Peter Grandich, Louis Navallier, James Turk, and your host Chris Waltzek (Encore show)

Chris Mullen — Sun, 18 Dec 2011 17:37:45 +0000

Source:
GoldSeek.com

GUEST BIOS:
James Turk
GoldMoney.com

December 18, 2011 - 9:37am

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Trustee to Seize and Liquidate Even the Stored Customer Gold and Silver Bullion From MF Global

Chris Mullen — Sun, 18 Dec 2011 17:35:21 +0000

Source:
ZeroHedge

The bottom line is that apparently some warehouses and bullion dealers are not a safe place to store your gold and silver, even if you hold a specific warehouse receipt. In an oligarchy, private ownership is merely a concept, subject to interpretation and confiscation.

December 18, 2011 - 9:35am

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COT Silver Report - December 16, 2011

Chris Mullen — Fri, 16 Dec 2011 20:34:02 +0000

Author(s):
SilverSeek.com

The COT reports which we look at each week provide a breakdown of each Tuesday's open interest for markets in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.The weekly reports for Futures-and-Options-Combined Commitments of Traders are released every Friday at 3:30 p.m.

December 16, 2011 - 12:44pm

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Gold And Silver Seasonal Trends

Chris Mullen — Fri, 16 Dec 2011 14:40:24 +0000

Author(s):
Michael Kilbach

December 16, 2011 - 7:29am

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Silver’s a bargain under $30, but watch volatility

Chris Mullen — Fri, 16 Dec 2011 15:27:26 +0000

Source:
MarketWatch

SAN FRANCISCO (MarketWatch) — Silver is ready to finish a dramatic year near the level it started, and some analysts predict big gains, and heavy volatility, for the white metal in 2012.
“Silver went parabolic when it broke above $29 back in March of this year,” said James Carrillo, senior portfolio adviser for Swiss America Trading Corporation. “It fulfilled its parabolic blow off at $50 shortly thereafter and is now testing the break point.”

December 16, 2011 - 7:27am

Fortuna Added to the S&P/TSX Composite Index

Chris Mullen — Fri, 16 Dec 2011 15:25:20 +0000

Source:
Yahoo

"Fortuna Silver Mines Inc. (NYSE: FSM | TSX: FVI | BVL: FVI) is pleased to announce that it has been added to the S&P/TSX Composite, effective at the market open on Monday, December 19, 2011.   The Company joins Canada's other leading silver producers on the 255-company index, which represents the largest businesses on the Toronto Stock Exchange."

December 16, 2011 - 7:25am

Hecla Reports Rock Burst Unrelated to Previous Events at the Lucky Friday Mine

Chris Mullen — Fri, 16 Dec 2011 15:23:37 +0000

Source:
Yahoo

"Hecla Mining Company (“Hecla”) (NYSE:HL) is reporting that the rock burst that injured seven miners Wednesday night at the Lucky Friday mine near Mullan, Idaho, is unrelated to two previous fatal accidents which occurred earlier in the year. In addition, all seven Hecla miners are expected to fully recover from their non-life-threatening injuries. Most of the miners were treated and released by area hospitals, with the most serious injuries involving lacerations, a broken arm and a broken pelvis.

December 16, 2011 - 7:23am

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Where Is Silver Going?

Chris Mullen — Thu, 15 Dec 2011 15:47:11 +0000

Author(s):
Hubert Moolman

Silver and gold are in the process of bottoming, and should rally very soon. The depth of the recent decline may be surprising; however, it does not signal the end of the bull market. The fundamentals for silver and gold are very strong, and it has not changed over the last couple of days.

December 15, 2011 - 11:52am

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Eric Sprott, Chairman of Sprott Inc. is Interviewed by James West

Chris Mullen — Wed, 14 Dec 2011 18:51:20 +0000

Author(s):
James West and Eric Sprott

December 15, 2011 - 8:03am

Hecla Reports Update on Lucky Friday Mine

Chris Mullen — Thu, 15 Dec 2011 16:00:17 +0000

Source:
Yahoo

Hecla Mining Company (“Hecla”) (NYSE:HL) reports that all miners have been safely removed from the Lucky Friday mine near Mullan, Idaho, following a rock burst that occurred Wednesday, December 14, at approximately 7:40 p.m.

December 15, 2011 - 8:00am

International Minerals Reports $15.2 Million in After-Tax Net Income for First Fiscal Quarter Ending September 30, 2011; Update on Inmaculada Project, Peru

Chris Mullen — Thu, 15 Dec 2011 01:39:44 +0000

Source:
Yahoo

International Minerals Corporation (TSX: IMZ.TO) (SIX: IMZ.TO) (the "Company") reports excellent financial results for its first fiscal quarter ended September 30, 2011, highlighted by $15.2 million in consolidated net and comprehensive income after tax, including net equity earnings of $14.9 million from the Company's 40% interest in the Pallancata Mine in Peru.

December 14, 2011 - 5:39pm

Slumping solar prices rub the shine off silver

Chris Mullen — Wed, 14 Dec 2011 14:25:58 +0000

Source:
Reuters

The solar industry's rapidly growing demand for silver could hit a wall next year, as the rising price of the precious metal forces solar cell makers to cut use of the metal in their battle against overcapacity and a near halving of product prices.

December 14, 2011 - 2:12pm

Mint open to launching silver IPO as well

Chris Mullen — Wed, 14 Dec 2011 17:41:40 +0000

Source:
The Globe and Mail

Following the wild success of its $600-million initial public offering for gold exchange-traded receipts, which targeted retail investors, the Royal Canadian Mint is open to launching a similar product for silver.

December 14, 2011 - 9:41am

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U.S. Silver Provides Update

Chris Mullen — Wed, 14 Dec 2011 17:20:45 +0000

Source:
Yahoo

“Operational consistency and favourable commodity prices have provided U.S. Silver with improved financial strength and the ability to pursue the ongoing transition of the Company” stated Gordon Pridham, U.S. Silver’s Executive Chairman. “The Company’s 2011 exploration program continues to provide encouraging results and surface and underground drilling will be significantly expanded in 2012, providing even greater potential for reserve expansion.

December 14, 2011 - 9:20am

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Silver Plunges; Gold Tumbles Most in 11 Weeks as Fed Shuns More Stimulus

Chris Mullen — Wed, 14 Dec 2011 16:07:48 +0000

Source:
Bloomberg

December 14, 2011 - 8:09am

Significant seasonal strength in Q1 2012 for silver, gold unlikely - Morgan

Chris Mullen — Wed, 14 Dec 2011 02:11:54 +0000

Source:
Mineweb

While there is likely to be some strengthening in the metal over the course of Q1 2012 David Morgan believes we are currently in a long consolidation period

December 13, 2011 - 6:32pm

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Gold Triangle Reality Check

Chris Mullen — Tue, 13 Dec 2011 15:53:54 +0000

Author(s):
Stewart Thomson

Graceland Updates

December 13, 2011 - 6:30pm

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Gold Seeker Closing Report: Gold and Silver Fall Over 2% More

Chris Mullen — Tue, 13 Dec 2011 21:28:05 +0000

Author(s):
Chris Mullen, Gold-Seeker.com

December 13, 2011 - 5:40pm

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Aurcana Discovers New Silver Mineralization at Depth at La Negra Mine

Chris Mullen — Tue, 13 Dec 2011 18:27:41 +0000

Source:
Yahoo

Aurcana Corporation (TSX-V: AUN.V)(OTCQX: AUNFF.PK)(Pinksheets: AUNFF.PK) ("Aurcana" or the "Company") is pleased to announce that underground drilling at the La Negra Silver-Copper-Lead-Zinc Mine, located in Querataro State, Mexico, has intersected new deeper mineralization below the 1920 m level of the mine. This is the first time Aurcana has indentified significant amounts of mineralization at this depth.

December 13, 2011 - 5:40pm

Endeavour Silver Discovers Two New High Grade Silver-Gold Veins at the Guanajuato Mine, Mexico

Chris Mullen — Tue, 13 Dec 2011 16:25:23 +0000

Source:
Yahoo

Endeavour Silver Corp. (TSX: EDR.TO)(NYSE: EXK)(Frankfurt: EJD.F) announces that exploration drilling east of the Lucero-Karina-Fernanda-Daniela mine area at Endeavour's Guanajuato Mines project in Guanajuato State, Mexico has discovered two new high grade silver-gold veins.

December 13, 2011 - 5:39pm

Gold Seeker Closing Report: Gold and Silver Fall Almost 3%

Chris Mullen — Mon, 12 Dec 2011 23:59:23 +0000

Gold fell all the way to $1657.28 by about 10:30AM EST before it bounced back higher midday, but it still ended with a loss of 2.66%. Silver slipped to as low as $30.883 and ended with a loss of 2.67%.

Author(s):
Chris Mullen, Gold-Seeker.com

December 13, 2011 - 6:50am

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Alexco Amends Stock Option Plan for Annual General Meeting

Chris Mullen — Tue, 13 Dec 2011 02:37:48 +0000

Source:
Yahoo

Alexco Resource Corp.

December 12, 2011 - 6:37pm

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Silver Bull Announces an Additional $US 3 Million Common Stock Offering to the $7.5 Million Non-Brokered Common Stock Offering Previously Announced December 2, 2011

Chris Mullen — Tue, 13 Dec 2011 01:19:12 +0000

Source:
Yahoo

December 12, 2011 - 5:37pm

South American Silver Reports Surface Sampling and Drill Results from Escalones Copper-Gold-Silver Project and Initiates Phase II Exploration Program

Chris Mullen — Tue, 13 Dec 2011 01:20:10 +0000

Source:
Yahoo

December 12, 2011 - 5:36pm

Revett Minerals Announces US$20 Million Revolving Credit Facility With Societe Generale

Chris Mullen — Tue, 13 Dec 2011 01:22:37 +0000

Source:
Yahoo

December 12, 2011 - 5:22pm

Silvercorp's Fiscal 2012 Drilling Exploration Program Update

Chris Mullen — Tue, 13 Dec 2011 01:22:06 +0000

Source:
Yahoo

December 12, 2011 - 5:22pm

Golden Minerals Continues to Drill High Grade Silver With Wide Intercepts at the Yaxtche Deposit

Chris Mullen — Tue, 13 Dec 2011 01:21:35 +0000

Source:
Yahoo

December 12, 2011 - 5:21pm

Alexco Intersects Multiple Zones of Silver Mineralization to 22.2 Meters True Thickness With Narrower Intervals to 141 Ounces Per Ton Silver Over 1.0 Meters at Bermingham

Chris Mullen — Tue, 13 Dec 2011 01:21:06 +0000

Source:
Yahoo

December 12, 2011 - 5:21pm

Extorre Announces More High Grades From Zoe Vein at Cerro Moro

Chris Mullen — Tue, 13 Dec 2011 01:20:39 +0000

Source:
Yahoo

December 12, 2011 - 5:20pm

Endeavour Silver Continues to Extend High Grade Silver-Gold Mineralization in the Daniela Vein at the Guanajuato Mine in Mexico

Chris Mullen — Tue, 13 Dec 2011 01:19:39 +0000

Source:
Yahoo

December 12, 2011 - 5:19pm

Great Panther Silver Updates Drilling Results for San Ignacio Property, Guanajuato; Grants Stock Options to New Personnel

Chris Mullen — Tue, 13 Dec 2011 01:18:46 +0000

Source:
Yahoo

December 12, 2011 - 5:18pm

Coeur Rochester Receives Notice of Claim Dispute

Chris Mullen — Tue, 13 Dec 2011 01:18:06 +0000

Source:
Yahoo

December 12, 2011 - 5:18pm

Sprott frustrated with hostage-taking paper silver market

Chris Mullen — Tue, 13 Dec 2011 01:09:01 +0000

Source:
Mineweb

December 12, 2011 - 5:09pm

2012 America the Beautiful Quarters and 5 Oz Silver Coin Designs Selected

Chris Mullen — Tue, 13 Dec 2011 01:07:54 +0000

Source:
CoinNews

December 12, 2011 - 5:07pm

Want to Make Money? Own 'Real Things': Jim Rogers

Chris Mullen — Tue, 13 Dec 2011 01:06:53 +0000

Source:
CNBC

December 12, 2011 - 5:06pm

Gold ends at seven-week low on Euro woes

Chris Mullen — Tue, 13 Dec 2011 01:05:41 +0000

Source:
MarketWatch

December 12, 2011 - 5:05pm

Gold drops 3 percent on technical sell-off, euro fears

Chris Mullen — Tue, 13 Dec 2011 01:04:58 +0000

Source:
Reuters

December 12, 2011 - 5:04pm

Gold, Silver, Cotton Drop on Dollar Rally: Commodities at Close

Chris Mullen — Tue, 13 Dec 2011 01:04:10 +0000

Source:
Bloomberg

December 12, 2011 - 5:04pm

Euro Impaired as Draghi Undoing Trichet Rates Cuts Support

Chris Mullen — Tue, 13 Dec 2011 01:03:11 +0000

Source:
Bloomberg

December 12, 2011 - 5:03pm

Euro spooked by ratings worry; further downside eyed

Chris Mullen — Tue, 13 Dec 2011 01:02:30 +0000

Source:
Reuters

December 12, 2011 - 5:02pm

Dollar gains; euro falls under $1.32

Chris Mullen — Tue, 13 Dec 2011 01:01:41 +0000

Source:
MarketWatch

December 12, 2011 - 5:01pm

Platinum poised to soar if the eurozone doesn't fall apart

Chris Mullen — Tue, 13 Dec 2011 01:00:16 +0000

Source:
The Telegraph

December 12, 2011 - 5:00pm

S.Africa platinum sector hit by safety stoppages

Chris Mullen — Tue, 13 Dec 2011 00:59:24 +0000

Source:
Reuters

December 12, 2011 - 4:59pm

Daily Commodities Update: Platinum

Chris Mullen — Tue, 13 Dec 2011 00:58:39 +0000

Source:
DailyMarkets

December 12, 2011 - 4:58pm

Buying Silver Is Like Buying Gold At $554 Today

Chris Mullen — Tue, 13 Dec 2011 00:56:20 +0000

Source:
SilverSeek

December 12, 2011 - 4:56pm

140 Years of Silver Volatility

Chris Mullen — Tue, 13 Dec 2011 00:54:57 +0000

Source:
SilverSeek

December 12, 2011 - 4:54pm

Silver/Gold Ratio Reversion 4

Chris Mullen — Tue, 13 Dec 2011 00:49:59 +0000

Source:
SilverSeek

December 12, 2011 - 4:49pm

Buying Silver Is Like Buying Gold At $554 Today

Chris Mullen — Tue, 13 Dec 2011 00:46:28 +0000

Source:
SilverSeek

December 12, 2011 - 4:46pm

Euro Slumps to Two-Month Low

Chris Mullen — Tue, 13 Dec 2011 00:43:19 +0000

Source:
Bloomberg

December 12, 2011 - 4:43pm

Euro May Keep Falling, Dragging Down Rest of Market

Chris Mullen — Tue, 13 Dec 2011 00:41:58 +0000

Source:
CNBC

December 12, 2011 - 4:41pm

Oil falls on euro zone worry, dollar strength

Chris Mullen — Tue, 13 Dec 2011 00:36:19 +0000

Source:
Reuters

December 12, 2011 - 4:36pm

Oil drops as euro concerns take hold

Chris Mullen — Tue, 13 Dec 2011 00:34:58 +0000

Source:
MarketWatch

December 12, 2011 - 4:34pm

Oil falls below $99 ahead of OPEC meeting

Chris Mullen — Tue, 13 Dec 2011 00:34:15 +0000

Source:
Yahoo

December 12, 2011 - 4:34pm

Euro Undermined as Draghi Undoing Trichet Interest Rates Removes Support

Chris Mullen — Tue, 13 Dec 2011 00:28:43 +0000

Source:
Bloomberg

December 12, 2011 - 4:28pm

Euro spooked by ratings worry; further downside eyed

Chris Mullen — Tue, 13 Dec 2011 00:26:59 +0000

Source:
Reuters

December 12, 2011 - 4:26pm

Dollar gains; euro falls under $1.32

Chris Mullen — Tue, 13 Dec 2011 00:25:46 +0000

Source:
MarketWatch

December 12, 2011 - 4:25pm

Huldra Silver Receives Geochemistry Results Up to 124 Grams Per Tonne Silver

Chris Mullen — Mon, 12 Dec 2011 23:21:02 +0000

Author(s):
Huldra Silver Inc.

Vancouver, British Columbia – December 7, 2011 – Huldra Silver Inc.

December 12, 2011 - 3:21pm

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If Silver Goes Down All Hell Will Break Loose In The Physical Market: Silver Investment Update [Video]

Chris Mullen — Mon, 12 Dec 2011 19:30:06 +0000

There simply isn't enough physical silver to deal with the demand of a fiat currency crisis. As the paper silver market pushes prices down, all hell will break loose in the physical market.
http://www.futuremoneytrends.com/

December 12, 2011 - 3:00pm

Revett Minerals Announces US$20 Million Revolving Credit Facility With Societe Generale

Chris Mullen — Mon, 12 Dec 2011 22:51:38 +0000

Source:
Yahoo

December 12, 2011 - 2:51pm

2011 American Eagle Bullion Sales Totals

Chris Mullen — Mon, 12 Dec 2011 19:36:57 +0000

Source:
US Mint

December 12, 2011 - 11:36am

Sprott frustrated with hostage-taking paper silver market

Chris Mullen — Sat, 10 Dec 2011 01:34:30 +0000

Source:
Mineweb

December 9, 2011 - 5:34pm