Mexoro Minerals Ltd. announce that the initial metallurgical testing on sulfide-bearing gold and silver mineralization at its Cieneguita project in Chihuahua, Mexico has returned very promising results. From 4,203.1 tonnes of mineralized material, we produced 163.8 tonnes of commercial concentrate grades of 93.7 g/t Au and 1,524.9 g/t Ag for recoveries of 92.2% and 77.4% [...]
Sulliden Exploration Inc will start its gold and silver mine in Peru in 2011. About $120 million Shahuindo mine is expected to produce 200,000 ounces of gold a year. The mine, near Newmont Mining Corp.’s Yanacocha and Barrick Gold Corp.’s Alto Chicama mines in the northern Andes, has resources of 1.5 million ounces of gold [...]
Hecla Mining Company (NYSE:HL) today reported silver production of 2.4 million ounces for the second quarter of 2008, a 60% increase over the same period a year ago. Second quarter financial results showed a loss applicable to common shareholders of $44.4 million, or 35 cents per share, on revenue of $64 million. Hecla Mining Company [...]
SILVER and GOLD PRICES hit a short term bottom on Friday. $18.04 and US$950 seem to have been the lows. Their uptrends are intact from the June bottoms, and both metals remain above their 50 and 200 day moving averages.
We ought to see gold and silver prices surge in the next couple of days, then [...]
The correlation between gold and silver prices since the beginning of ’05 till date has been 97.4%. On the supply side, mine production, sales by governments and scrap sales are the leading suppliers of silver. The principal sources of silver are ores of copper, copper-nickel , lead and lead-zinc.
With mining of base metals gaining [...]
Arian Silver Corporation (”Arian Silver” or the “Company”) (CDNX:AGQ.V – News) (AIM: AGQ) (PLUS: AGQ) (Frankfurt:I3A.F – News) today announced that it has received additional assay results from its Phase-One diamond-drill programme at the San Jose Property, Zacatecas State, Mexico. These results relate specifically to the ‘Solidad’ area on the San Jose Vein (SJV), approximately [...]