International Minerals Corporation reports its approval from the Toronto Stock Exchange begin a normal course issuer bid or share repurchase program.
Pursuant to TSX policies, and subject to certain prescribed exceptions, any daily purchases made by IMZ will not exceed 11,872 Shares, which represents 25% of the average daily trading volume on the TSX over the past six months of 47,487 Shares.
For full details of this press release, click this link. Silver Investing News researchers discovered International Minerals’ projects described on their website . Follow developments in silver mining and exploration for free. Sign on to the Silver Investing Newsletter .
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AFX News reports gold and silver climbs in Europe due to the recovery in the commodity with the US bailing out the ailing banks.
* Silver fixes at 1,089.00 cents, above its previous fix of 1,061.00 cents.
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* Spot silver rises to $10.84/10.91 an ounce at 1128 GMTÂ from $10.66 in late New York trade on Monday.
For complete story, click this link . Follow developments in silver mining and exploration for free.Sign on to the Silver Investing Newsletter .
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Endeavour Silver Corp. reports its silver production jumped as forecast for the 3rd Quarter, 2008 was up 21% over Q2, 2008.
In response to the recent sell-off of the spot silver price, Endeavour plans to slow its production growth in the Fourth Quarter, even though the 2008 capital programs of mine and plant upgrades have now been substantially completed at Endeavour’s two operating silver mines in Mexico, the Guanacevi Mines in Durango State and the Guanajuato Mines in Guanaju... more
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IMZ ) (SWX: IMZ) reports that silver production at the Pallancata Mine in southern Peru increased 8% to 899,000 ounces in the calendar third quarter ended September 30, 2008 ("Q3 2008") compared to ... RSS news feeds and Widgets on Feedzilla.com ... more
VANCOUVER, BRITISH COLUMBIA (MARKET WIRE) Paragon Minerals Corporation (TSX VENTURE: PGR) is pleased to provide an update on drilling at its 100%-owned South Tally Pond VMS Project located in central Newfoundland. Drilling by Paragon has identified significant precious metal-rich base metal massive sulphide (zinc-lead-copper) mineralization at the Lemarchant prospect.... more
International Minerals Corporation announced that silver output at the Pallancata Mine insouthern Peru increased 8% to 899,000 ounces in the calendar third quarterended September 30, 2008 compared to the prior quarter.
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By Melissa Pistilli-Exclusive to Silver Investing News
Tuesday was another bleak day for those in the mining industry, especially for those stocks listed on the commodities-heavy TSX.  After dropping over 7 per cent on Monday, the diversified metals index lost another 5+ per cent. There are still some die hard bulls, however, who have managed to maintain a positive outlook for the long-term. Still, some analysts believe the s#!% has yet to hit the fan.
Andrew Martyn , Vice P... more
By Melissa Pistilli-Exclusive to Silver Investing News
On Monday, two of the financial markets biggest players opted out of the game. Lehman Brothers Holdings announced it was filing for Chapter 11 protection in the largest bankruptcy ever and Merrill Lynch & Co . sold itself over to Bank of America for US$50 billion.
There were also reports that another Wall Street heavy Insurance giant AIG was in need of US$15 billion in extra capital to prevent ratings downgrades.
Leh... more
U.S. Silver Corporation reports August silver production was 191,400 ounces which is 38% over the second quarter 2008.
The mine averaged 812 tons per day in July, an increase of 240% compared to the 2007 average of 338 tons per day and a 198% increase as compared to 1st quarter 2008 numbers. August production of 191,400 ounces of silver is the highest monthly production since U.S. Silver acquired the Galena Mine Complex. The mine also produced an additional 21,700 ounces of silve... more
Endeavour Silver Corp. reports its Chairman and CEO, Bradford Cooke commented on the recent sell-off of equity and commodity markets.
“Endeavour’s fundamentals remain very strong,” stated Mr. Cooke, “And the sharp market sell-off of gold, silver and precious metal mining stocks in recent weeks appears to be somewhat excessive. Silver and silver shares in particular seem to have fallen disproportionately compared to other commodities.”
Chairman and CEO, Bradfo... more
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