0 COMMENTSASX-listed silver miner Alcyone Resources has secured A$10-million in funding through a proposed metal stream agreement. The investment proposal provided for a metal stream of 15% of the life-of-mine production of silver ounces from Alcyone’s...
17th May 2013
0 COMMENTSMexico-focused miner First Majestic Silver has cut its capital budget by 18% as a result of the drop in the silver price, adding it could revise its capital budget again later this year should the price continue to slide. On Wednesday, spot...
15th May 2013
0 COMMENTSPan American Silver reported a drop in first-quarter earnings on Tuesday as the silver producer was hit by higher costs and a charge on the sale of certain gold assets. Net earnings were $20.1-million, or $0.13 a share, down from $50.2-million,...
14th May 2013
0 COMMENTSThe TSX-listed shares of silver streaming firm Silver Wheaton on Monday dropped 3.62%, as higher costs and the low silver price impacted on the company’s first-quarter earnings. Silver Wheaton’s net earnings for the three months ended March...
13th May 2013
0 COMMENTSHecla Mining, the No 2 US silver miner by output, cut its capital spending plan for the year by 5% and said it expects metal prices to extend their decline in the second quarter. The company said first-quarter sales fell 16% to $76.5-million,...
10th May 2013
0 COMMENTSCanadian gold producer McEwen Mining on Thursday said first-quarter gold production had risen significantly, as its second mine, El Gallo Phase 1, in Mexico, added its first commercial production. McEwen Mining said gold-equivalent production...
9th May 2013
0 COMMENTSCoeur d'Alene Mines Corp, the largest US silver miner by output, reported an 84% fall in adjusted quarterly profit due to a fall in production and lower prices for the metal. Adjusted profit fell to $6.8-million, or $0.08 per share, in the first...
9th May 2013
ROYALTIES & STREAMING
0 COMMENTSCanadian gold streaming and royalty firm Franco-Nevada on Wednesday reported a 24% drop in net profit for the first quarter of the year, as higher operating expenses took their toll. The company reported net income of $35.4-million or $0.24 a...
9th May 2013
Topics in these articles
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Mexico's biggest new gold mine...