Mexico's Fresnillo raises $1.8 bln in London IPO "Shares in Fresnillo Ltd FRES.L fell as much as 10 percent after the world's biggest silver producer raised 905 million pounds ($1.77 billion) in a London flotation that was priced at the bottom of the expected range." More | May 09
Silver Standard Resources Inc.: San Luis Project Update and New Resource Estimate to be Prepared "The San Luis Joint Venture of Esperanza Silver Corporation (CDNX:EPZ.V - News) and Silver Standard Resources Inc. (Toronto:SSO.TO - News)(NasdaqGM:SSRI - News) reports that the Joint Venture has received the necessary permits to begin surface drilling at the San Luis Project. A drill is set to mobilize to site within the next 10 days. The first priority will be to drill test the BP Zone to follow up on the discovery of possible porphyry-style silver and base metal mineralization announced in November 2007." More | May 09
ECU Silver Cuts New Vein With 3,000 g/t Silver at Chicago "ECU Silver Mining (Toronto:ECU.TO - News) ("ECU Silver" or "the Company") is pleased to announce that it has discovered a new vein grading 0.52 g/t gold and 3,002 g/t silver over 0.52 metres in a new area of the Chicago Property. To-date, five mineralized veins have been identified on the Chicago Property." More | May 08
Aquiline Adds Fourth Drill Rig as Navidad Drilling Continues to Expand Resource; Results Include 18.5 m Grading 1,058 g/t Ag in New Zone, Valle Esperanza "Aquiline Resources Inc. ("Aquiline" or the "Company") (Toronto:AQI.TO - News) is pleased to report results of thirty nine holes (10,298 metres) drilled at its 100% owned Navidad silver project in Chubut province, Argentina. Total drilling at Navidad now stands at 122,889 metres in 694 drill holes. Step out drilling at 100 metre intervals continues to intersect wide zones of high grade silver mineralization at its recent Valle Esperanza discovery (see maps attached)." More | May 08
Bear Creek announces additional high-grade intercepts not included in current resource model, close-spaced drilling demonstrates continuity of structures "Bear Creek Mining (TSX Venture: BCM - News; "Bear Creek" or the "Company") is pleased to announce results for 23 additional diamond drill holes (4,579 meters). Drilling at Santa Ana now totals 34,157 meters in 188 drill holes. Santa Ana is located 200 kilometers south of the Company's Corani silver-base metal deposit in southeastern Peru." More | May 08
Silver Eagle Mines Announces Increased Resources "Silver Eagle Mines Inc. (Toronto:SEG.TO - News) is pleased to report an increase in Indicated and Inferred Resources at its wholly-owned Miguel Auza Property in Zacatecas, Mexico. Since the filing on SEDAR of its most recent technical report in respect of the Miguel Auza Project, dated January 18, 2008 (the "Technical Report"), an intensive diamond drill campaign has resulted in an increase in the Indicated Resource from 21.3M oz Ag Eq(1) to 24.3M oz Ag Eq(1) while the Inferred Resource has increased, from 8.9M oz Ag Eq(1) to 11.7M oz Ag Eq(1)." More | May 07
Aquiline Closes $15,000,000 Equity Private Placement "Aquiline Resources Inc. (Toronto:AQI.TO - News) ("Aquiline" or "the Company") is pleased to announce the closing today of a non-brokered private placement financing for gross proceeds of $15,000,000. The offering was placed with a mining company whose identity remains confidential. The investor has specified use of proceeds to be dedicated to accelerating the exploration and development activities of the Navidad silver project in Chubut, Argentina." More | May 07
Venezuela workers halt Hecla gold mine operations "Venezuelan workers have halted operations at the Isidora gold mine, run by a subsidiary of U.S. miner Hecla Mining Co, to demand President Hugo Chavez take over the unit, a company official said on Wednesday.
The stoppage follows a renewed wave of nationalizations this year affecting the cement and steel sectors, and comes just days after other companies said Venezuela denied exploration permits to two gold miners operating in the same region." More | May 07
Sterling Mining Closes US$1.8 Million Financing "Sterling Mining Company (Toronto:SMQ.TO - News)(OTC BB:SRLM.OB - News)(Frankfurt:SMX.F - News) announces that it has closed an equity financing of US$1.8 million by way of non-brokered private placement. The placement will consist of 741,164 units at US$2.40 per unit." More | May 06
Arian Silver Corporation: Private Placement to Raise Up to Cdn$ 3,000,000 Pricing Change "Arian Silver Corporation (the "Company") (TSX VENTURE:AGQ - News; AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A - News) announces a pricing change in relation to its previously announced (see press release of April 24, 2008) proposal to raise up to Cdn$3,000,000 by way of a non-brokered private placement. The Company now proposes to issue of up to 12,000,000 units of securities of the Company (each, a "Unit") at Cdn$0.25 per Unit." More | May 06
Great Panther Drills 15.94 Metres @ 1,305g/t Silver and 4.60g/t Gold and Discovers New Base Metal Rich Zone in Guanajuato Mine "GREAT PANTHER RESOURCES LIMITED (Toronto:GPR.TO - News) is pleased to announce that deep diamond drilling at the Company's wholly-owned Guanajuato Mine in Guanajuato, Mexico continues to enlarge the dimensions of the Cata Clavo with considerable widths of exceptionally high grade silver-gold mineralization and has discovered a new silver-copper-lead-zinc zone in the lower portion of the orebody." More | May 05
Silvercorp Reports Record Sales of $108.4 Million (unaudited), Up 172% for the Year Ended March 31, 2008 "For the year ended March 31, 2008, sales increased by $68.6 million (CAD$66.6 million), or 172% to $108.4 million (CAD$111.9 million) compared to $39.8 million (CAD$45.3 million) for the same period last year." More | May 05
ECU Silver Arranges New Debt Financing "The debt facility will have a drawdown feature which will enable the Company to draw up to $10 million subject to certain terms and based on its cash requirements. The debt facility will have a term of 29 months commencing June, 2008 and will bear an annual interest at a rate equal to the one-month London Interbank Offered Rate ("LIBOR") plus 6% but not less than 11%." More | May 05
Minco Silver Completed a Major Step Out Drill Program "Minco Silver Corporation (the "Company" or "Minco Silver") (Toronto:MSV.TO - News) is pleased to report the completion of current step out drill program totaling 19,898 metres in 72 holes, on its Fuwan Silver Project located in Guangdong, China. This step out drill program has successfully extended the Fuwan Deposit to the west, southwest, and to the south and also extended the mineralization regionally along strike to the southwest. The deposit remains open along strike to the southwest and down dip to the south. The regional exploration program will continue to follow the mineralization along strike to the southwest along the Fuwan Silver Belt." More | May 05
Coeur's Cerro Bayo Mine Resumes Operations "Coeur d’Alene Mines Corporation (NYSE:CDE - News)(TSX:CDM - News)(ASX:CXC - News) announced today that its Cerro Bayo Mine in southern Chile has resumed operations after a temporary suspension to upgrade the mine’s electrical infrastructure." More | May 05
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Silver Company News
Saturday, March 25th: Bob Chapman, International Forecaster 