United Silver Corp. and Hale Capital Partners Complete Financing "United Silver Corp. ("USC" or the "Company") (TSX: USC.TO - News)(OTCQX: USCZF.PK - News) and Hale Capital Partners ("Hale" or the "Lender") are pleased to announce that, subject to final approval from the Toronto Stock Exchange (the "TSX"), they have successfully closed their previously announced financing transaction. USC is now in a position to begin its four-year exploration and development plan to test the mineralization of the South Vein and Alhambra Vein at depth and along the east/west strike extensions of the veins." More | February 01
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 "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." More | February 01
Minco Silver Completes Field Work for the Water Monitoring Program "Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV.TO - News)(OTCQX: MISVF.PK - News)(DBFrankfurt: XYD.F - News)(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." More | January 31
Endeavour Silver Forecasts Eighth Consecutive Year of Production Growth, 60% Mine Expansion Now Underway to Fill Plant to Capacity at Guanajuato "Endeavour Silver Corp. (TSX: EDR.TO - News)(NYSE: EXK - News)(Frankfurt: EJD.F - News) 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.
Endeavour's silver production is forecast to rise 16% in 2012 to 4.3 million ounces (oz) and gold production is anticipated to increase 24% to 26,000 oz (5.6 million oz of silver equivalent production at the current silver:gold ratio of approximately 50:1) as shown in the table below." More | January 31
Silvercorp Announces Positive Pre-Feasibility Study for the GC Silver-Lead-Zinc Project in Guangdong Province, China "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." More | January 31
U.S. Silver Announces 2012 Production Forecast, Coeur Mine Re-development Start and 2012 Exploration Program "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." More | January 31
Scorpio Mining Reports Record 2011 Production Results and 2012 Guidance for Nuestra Señora Scorpio Mining Corporation (TSX: SPM.TO - News) ("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.
Parviz Farsangi, President and CEO comments, "I wish to thank the board, the management team and staff for their contributions to Scorpio mining's success over the past two years. 2011 was another record production year for Scorpio Mining, resulting from a number of key improvements to both mining and plant operations. This strong performance allowed Scorpio Mining to reach a debt-free status in the second quarter. We continue to focus our efforts on our strategic projects: La Verde, San Rafael and El Cajón; and on increasing the mineral reserves at our current operating mine. These resources are integral to our next step up in production, which will come with the expansion of our existing plant, and to our decision on an additional plant in future. Also, to take advantage of our significant exploration potential, we have increased our budget accordingly to approximately $9.3 million for 2012." More | January 27
Kimber Intercepts 7 Metres of 18.3 g/t Gold and 374.3 g/t Silver in New Structure Discovered at Monterde Kimber Resources Inc. (TSX: KBR.TO - News)(AMEX: KBX - News) 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. This wide and high-grade gold-silver intersection is located northeast of other known structures in the Carmen deposit and is believed to be a parallel or semi-parallel structure to the current structures that make up the Carmen deposit. The new structure has been named "Cocos" and is geologically different from the other structures at Carmen being characterized by bright white quartz and quartz breccia, not the silicification seen in other gold-silver mineralized structures at Carmen. In addition, from the review of Cocos core samples, the base metal sulphides occur as thin veinlets and are finer grained than the sulphides encountered in the Carmen structure in hole MTRD-476 (which intersected 4.9 metres of 78.4 g/t gold and 127.9 g/t silver, as announced May 31, 2011). Also significant is hole MTRD-512 which intersected 8.6 g/t gold and 326.2 g/t silver over 5m in the footwall of the Cob structure. More | January 26
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 Silvercorp Metals Inc. ("Silvercorp" or "the Company") (TSX: SVM.TO - News)(NYSE: SVM.TO - News) 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. It is expected that the success of the 2011 drilling program will result in additional mineral resources being defined in the Resource and Reserve technical updates currently underway (see press release of December 29, 2011 - Silvercorp To Commence Work On Resource And Reserve Updates). More | January 26
Fortuna Reports Silver Production Increase of 31% for 2011 and Issues Production Guidance for 2012 Fortuna Silver Mines Inc. (NYSE: FSM - News) (TSX: FVI.TO - News) (BVL: FVI.TO - News) 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.
Mr. Jorge Ganoza, President and CEO, commented: "2011 was marked by two milestones for the Company, our NYSE listing on September 19th and the start of commercial operations on September 1st at our San Jose Mine in Mexico. The San Jose Mine initiated operations at a rate of 1,000 tonnes per day and for 2012 we have an approved plan and budget to expand capacity to 1,500 tpd. This expansion will continue fueling our low cost annual silver production growth into 2012 and 2013." More | January 26
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Silver Company News
Saturday, March 25th: Bob Chapman, International Forecaster 
