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Silver
 
SILVER PRICE

Cause for concern as ‘rebranded’ silver fix goes live?

0 COMMENTS
Several bullion dealers and analysts have in recent days voiced their opinions after the new London Bullion Market Association (LBMA) Silver Price was launched on Friday, arguing for increased transparency. Bullion dealer Sharps Pixley CEO Ross...
18th August 2014
 
 
EXPLORATION

Nevsun ‘excited’ about continued drilling success at Harena, Eritrea

0 COMMENTS
Bisha, Eritrea TSX- and NYSE MKT-listed Nevsun Resources, which is focused on extracting copper from its 60%-owned high-grade Bisha copper mine, in Eritrea, on Monday said it was “excited” about continued positive drilling results at the Harena deposit,...
18th August 2014
 
 
SILVER PRICE FIX

Silver market ushers in new era of electronic price benchmarking

0 COMMENTS
In a move to increase transparency and the number of direct market participants, the silver market on Friday adopted a new electronic price-setting mechanism. The new electronic benchmarking mechanism brought an end to the 117-year-old ‘London...
15th August 2014
 
 
PRECIOUS METALS

Pan American Silver narrows Q2 loss as output rises

0 COMMENTS
Americas-focused precious metals and base metals producer Pan American Silver has reported a net loss of $5.7-million, or $0.04 a share, in the second quarter ended June, which was narrower than the loss of $187.1-million, or $1.23 a share,...
14th August 2014
 
 
METALS STREAMING

Silver Wheaton reports weaker earnings on lower precious metals prices

0 COMMENTS
The world’s largest precious metals streaming firm Silver Wheaton on Wednesday after market close reported weaker second-quarter earnings as lower precious metals prices impacted the bottom line. For the three months ended June 30, the NYSE- and...
14th August 2014
 
 
SILVER FIX

US Mint to use new silver benchmark for coin sales, purchases

0 COMMENTS
The US Mint said on Wednesday it will adopt the new electronic silver benchmark to be unveiled this week for its coin sales, silver purchases and price management programmes following the end of the original 'silver fixing' mechanism. The new...
14th August 2014
 
 
INTERNATIONAL ARBITRATION

Bear Creek moves ahead with arbitration against Peru

0 COMMENTS
TSX-V-listed Bear Creek Mining on Tuesday said it was moving ahead with arbitration proceedings against the Republic of Peru and was submitting a claim under Article 824 of the Free Trade Agreement (FTA) between Canada and Peru. The company...
13th August 2014
 
 
PRECIOUS METALS

First Majestic Silver lifts Q2 earnings, misses expectations

0 COMMENTS
Mexico-focused silver producer First Majestic Silver on Wednesday reported that net earnings for the three months ended June rose to $7.6-million, or $0.06 a share, compared with $200 000, or nil a share in the same quarter last year. The...
13th August 2014