Minefinders Provides Dolores Update and Second Quarter 2008 Results "Minefinders Corporation Ltd. (the "Company") (Toronto:MFL.TO - News)(MFN - News) today provided an update on community relations and revised production estimates for its Dolores gold and silver mine in Chihuahua, Mexico. The Company also disclosed financial results for the second quarter and first half of 2008 and provided details for an investor conference call to discuss its financial and operating results for the second quarter ended June 30, 2008." More | August 20
Silverstone Announces Normal Course Issuer Bid "Silverstone Resources Corp. ("Silverstone") (CDNX:SST.V - News) announces that it intends to make a normal course issuer bid (the "NCIB"), to purchase, through the facilities of the TSX Venture Exchange (the "Exchange"), certain of its outstanding common shares, subject to the acceptance of the Exchange." More | August 19
Silverstone Reports Earnings of US$3.7 Million and Record Operating Cash Flows of US$3.8 Million for the Second Quarter "Silverstone Resources Corp. ("Silverstone") (CDNX:SST.V - News) announces its financial results for the second quarter ending June 30, 2008. For the three months ended June 30, 2008, Silverstone recorded net earnings of US$3.7 million and record operating cash flows of US$3.8 million or US$0.03 per share." More | August 19
Fortuna Announces Drill Results From Soledad and Silvia Veins at the Caylloma Mine, Peru "Fortuna Silver Mines Inc. (CDNX:FVI.V - News)(BVL: FVI) is pleased to announce the results from drilling of the Soledad and Silvia veins located in the northeastern portion of the Caylloma District, Arequipa, Peru. The Soledad and Silvia veins are located in proximity to and are sub-parallel to the San Cristobal and Santa Cata veins which were extensively mined for high grade silver ores from the 16th to 20th centuries." More | August 19
Miner Fresnillo H1 profit jumps, costs may fall "London-listed Mexican miner Fresnillo Ltd (FRES.L: Quote, Profile, Research, Stock Buzz), the world's biggest primary silver producer, posted 56 percent higher first-half profits on strong metals prices and said costs may fall in the second half.
Fresnillo, a unit of Mexico's Penoles (PENOLES.MX: Quote, Profile, Research, Stock Buzz), said on Tuesday first-half attributable net profit rose to $141 million and said it was on track to meet full-year production targets." More | August 19
Sunshine Announces Lawsuit Against Sterling Mining Company "After nearly 5 months of failure to pay rent for the office located at 1176 Big Creek Road, Kellogg, ID, a lawsuit was filed in the State of Idaho District Court by Liesche & Reagan on behalf of their client Sunshine Property Group, LLC, Series Two, A Delaware Series LLC against Sterling Mining Company (a publicly-traded company trading as "SRLM") for not paying rent." More | August 19
Coeur Announces Management Changes at Its San Bartolome Silver Mine in Bolivia "Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM - News) (ASX:CXC - News) today announced the resignation of Rick Irvine as Vice President and General Manager of the Company’s San Bartolomé silver mine, located in Potosi, Bolivia effectively immediately." More | August 18
SNS Silver Announces Drill Results That Extend the Alhambra Vein Mineralization by More Than 300 ft Down Dip "With these new drill results we now have an area on the Alhambra vein with more than 1,000 ft of strike length and a dip length greater that 600 ft containing significant mineralization. Combined with the historic drifting on the Alhambra level and our drifting on the Hooper level you can make the case for more than 1,500 ft of mineralization along the dip of the vein," said Tom Fudge, President and CEO of SNS Silver Corp. "We have now completed enough drilling that it's time to develop detailed plans for drifting along both the Alhambra and South veins to confirm grade distribution and essentially develop the target areas for mining." More | August 18
Fortuna Reports Net Income of $2.39 Million, Revenue of $7.85 Million, and Operating Cash Flow of $4.14 Million for 2Q 2008 "During the second quarter of 2008 the Company generated $7.85 million of sales compared to $8.80 million in the same period of 2007. With respect to the first semester of 2008 the Company generated $14.68 million compared to $14.54 million in the same period of 2007. In US dollar terms however, which is the currency under which sales take place, there was an increase of 13.5% in sales for the semester compared to the previous year." More | August 18
Silvercorp Announces Annual General Meeting of Shareholders to Be Held on Friday, September 26, 2008; Board Proposes Adoption of Shareholder Rights Plan "Silvercorp Metals Inc. ("Silvercorp" or the "Company") (Toronto:SVM.TO - News) announces that the Company's Annual General Meeting (the "Meeting") is scheduled to be held at 10:00 am PST on Friday, September 26, 2008. The Meeting will be held at the Malaspina Room located on the Concourse Level of the Fairmont Waterfront Hotel, 900 Canada Place Way, Vancouver, British Columbia." More | August 15
First Majestic Silver Corp.: Second Quarter Financial Results "Equally as important to increasing production is costs savings. 2008 still represents a year of high expenses as a result of the present growth underway. In addition, the Company was negatively impacted from higher smelting costs during the quarter. Management is pleased by the many improvements in costs which can be seen in the second quarter, however, further improvements in profitability can be made and are expected going forward as smelting costs are reduced and expenses come down." More | August 15
Fortuna Silver Mines to Acquire Continuum Resources and 100% of San Jose Project, Mexico "Fortuna Silver Mines Inc. (CDNX:FVI.V - News)(BVL: FVI) and Continuum Resources Ltd. (CDNX:CNU.V - News) are pleased to announce that an agreement has been reached whereby Fortuna will acquire (the "Acquisition") all of the issued and outstanding securities of Continuum. The shares of both companies are listed on the TSX Venture Exchange." More | August 14
Mines Management Announces Second Quarter Financial and Operating Results "The Company reported a net loss for the quarter ended June 30, 2008 of $2.6 million, or $0.11 per share, compared to a net loss of $1.6 million, or $0.09 per share, for the quarter ended June 30, 2007. The $1.0 million increase in net loss in the second quarter of 2008 is attributable to increases in operating expenses of approximately $1.1 million over the second quarter of 2007, principally in depreciation, legal, accounting, consulting, compensation, environmental, and permitting expenses." More | August 14
MAG Silver Reports Second Quarter Financial Results "The Company's loss for the six months ended June 30, 2008 amounted to $3.9 million or $0.07 per share as compared to $4.4 million or $0.11 per share for the same period last year. The loss for the six months ended June 30, 2008 includes $2.4 million as a non-cash charge for Stock Based Compensation ($2.7 million for the same period in 2007)." More | August 14
Silvercorp Increases Dividend 60%-Q1 Dividend CAD$0.02 "Silvercorp Metals Inc. (the "Company" or "Silvercorp")(Toronto:SVM.TO - News), China's largest primary Silver producer, announced that its Board of Directors has declared its first quarterly dividend of CAD$0.02 per share, to be paid on October 21, 2008 to shareholders of record at the close of business on September 30, 2008." More | August 14
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Silver Company News
Saturday, March 25th: Bob Chapman, International Forecaster 