Silver

Silver Forecasters Bullish as Funds Retreat From Slump

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By Nicholas Larkin

At a time when hedge funds are reducing bullish silver bets by the most in two years, analysts predict a rally as manufacturing expands from China to the U.S., boosting demand for the precious metal most used in industry.

Money managers cut wagers by 68 percent in two months as futures tumbled 21 percent, Commodity Futures Trading Commission data show. Read more

Coeur Q1 silver output up 19% but gold down 17%

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By Dorothy Kosich

As Coeur d’Alene Mines’ Coeur Rochester and Kensington operations ramped up their operations, Coeur reported its silver output increased 19% in the first quarter of this year but gold production dropped 17%.

First quarter silver production totaled 4.9 million ounces, up from 4.1 million ounces from Read more

San Dimas gold-silver mine lifts Primero Mining adj profit nearly twelve-fold

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Primero Mining Corp’s first-quarter adjusted profit jumped nearly twelve-fold on higher production at its San Dimas gold-silver mine in Mexico, and said it expects to make a mill expansion decision in the third quarter. Read more

Evolving Gold’s drill-intensive approach delivers results

www.evolvinggold.com  •  604.630.0792

 

 

 

Evolving Gold’s joint venture agreement with Agnico-Eagle in 2011 has brought significant resources to Evolving’s Rattlesnake Hills discovery in Wyoming. Describing it as a “highly strategic” move CEO Bill Gee says the joint venture allows Evolving to focus most of its efforts and all of its capital on exploring its Carlin-Humboldt project in Nevada. Situated firmly on the Carlin Trend, the project has produced high-grade results in recent drill campaigns. “Evolving Gold (TSX:EVG) has a large land position in the prolific Carlin Trend, including 24 gold targets and a gold discovery with thick high-grade gold intersects. Our mineralization is ideally suited to the processing facilities being operated by majors on the Trend,” says Gee. He discusses the two projects’ progress and key reasons to invest in the company.

(Note: Evolving Gold has accomplished some important milestones since this interview in March 2012. The company sold shares of a Newco, Prosperity Goldfields, which netted approximately $4 million in proceeds with no dilution to Evolving Gold. The company also announced 2012 exploration targets on its Carlin, Humboldt and Jake Creek targets, totally $5 million (fully funded).  In addition the company announced new gold targets at Rattlesnake Hills, which could net additional upside on the project. Get the details at http://www.evolvinggold.com/.)

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Malbex proving up resources in the prolific El Indio gold belt

www.malbex.ca  •  416.628.0215

 

 

 

The stream of impressive results from Malbex Resources (TSX-V: MBG) is rightfully boosting CEO Tim Warman’s confidence. In its second drill season, the company’s flagship Del Carmen project in the Argentina side of the rich El Indio Gold Belt outlined some stunning gold assays. These include hole 52, the best overall, with an intercept of 267 metres grading 2.05 g/t gold and 29.3 g/t silver. Under the guidance of a team of top-notch geologists, some of whom are former Aurelian executives, Malbex expects to reach a number of  milestones over the next several months.  “We will build on the track record we had at Aurelian, where we took a penny stock to a $1.2 billion company, which was sold to Kinross in 2008,” says Warman.

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Kimber Resources proving resources in prolific Sierra Madre Belt

www.kimberresources.com  •  604.669.2251

 
 
 
 
 
 

Gordon Cummings,
PRESIDENT & CEO

The completion of an updated Preliminary Economic Assessment for its Monterde project in 2011 is a significant step forward for Kimber Resources (TSX: KBR and NYSE Amex:KBX). The project, located in the prolific Sierra Madre Gold-Silver Belt of Northern Mexico, already has three gold-silver mineral deposits defined. The PEA shows the potential for low-cost gold and silver production with an after-tax IRR of 40% and a mine life of over 15 years. CEO Gordon Cummings discusses the next milestones he expects the project to achieve over the next few months.

(Note about updates: Since this interview was conducted in March 2012, Kimber has announced further high-grade drill results from its gold-silver Monterde property in the prolific Sierra Madre belt of Mexico. MTC-151 intercepted 4.2 metres of 6.2 g/t gold and 47 g/t silver while MTC-157 intercepted 4.5 metres of 4.9 g/t gold and 124 g/t silver. Go to www.kimberresources.com or the company’s profile at RIANALYTICS.com to find out more.

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IMPACT & Energold: One CEO, two profit generators

www.impactsilver.com  •  604.681.0172  •  www.energold.com  •  604.681.9501

 

 

 

 

Frederick W. Davidson,
PRESIDENT & CEO

IMPACT Silver Corp and Energold Drilling Corp are two successful companies led by Frederick Davidson. IMPACT is a profitable silver producer with a portfolio of advanced silver projects in Mexico totaling 623 square kilometers, which currently produces silver from multiple mines feeding a 500 tonnes per day processing plant at the Royal Mines of Zacualpan. IMPACT plans to grow into a multimillion ounce silver producer by starting production at its open-pit Capire Project, located in the Mamatla District, in 2012. Energold, IMPACT’s largest shareholder, is a global specialty driller that emphasizes an environmentally and socially sensitive approach to drilling, with over 240 rigs operating in 23 countries worldwide. The use of state-of-the-art highly-portable rigs provides a competitive advantage allowing Energold to realize consistent earnings and generate strong margins. Energold has won various awards as one of the fastest growing drilling companies.

(Note about updates: Since this interview was conducted in March 2012, both Energold and IMPACT Silver have achieved significant progress. Both have announced record revenues and earnings. IMPACT announced 1,875 g/t Silver across 1.00 meters and 115 g/t Silver across 23.39 meters at its Oscar Vein Corridor in Mexico. Energold completed a $20 million bought deal financing. Find out more at the companies’ respective websites or at the companies’ profiles at www.rianalytics.com.)

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Impact may fast-track high-grade silver veins to production

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By Kip Keen

Impact Silver (TSX-V: IPT) said on Monday it was going ahead with internal studies of more high-grade silver deposits as a potential source of mill feed next year.

Impact outlined its intentions in a press release in which it reported a slew of high-grade silver intercepts from the Oscar vein area, Read more

Great Panther Silver fast becoming a mid-tier player

www.greatpanther.com  •  604.608.1766

 

 

 

Robert Archer
PRESIDENT & CEO

 

Canadian mining company Great Panther Silver (TSX: GPR) has proven its commitment to turn reserves into cash with its two operating silver-gold mines in Mexico. This year, it expects a 20% growth in production at both the Guanajuato Mine Complex and Topia Mine, while advancing other properties and aggressively pursuing acquisition opportunities. In the junior mining world where access to cash is paramount, Great Panther has cash cows to help achieve its goal of becoming a mid-tier primary silver producer with more than 5 million ounces of silver production annually. CEO Robert A. Archer discusses what investors can expect from this profitable primary silver producer over the next several months.

(Note about updates: Since this interview was conducted in March 2012, Great Panther Silver has achieved significant progress. The company had first quarter production at its 100% owned Guanajuato and Topia mines of 557,667 silver equivalent ounces, up 2% over the fourth quarter of 2011. As well, a quarterly record of gold production was achieved with 2,729 oz produced. Revenues for the year ended December 31, 2011 totaled $57.8 million for a 37% increase over 2010. The company’s gross profit or earnings from mining operations increased by 64% to $26.9 million for 2011, and net earnings increased 8% to $11.5 million. Find out more about the company’s progress at their website (www.greatpanthersilver.com or at the company’s profile at www.rianalytics.com.)

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Silvercrest mill runs fast and furious in Q1

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By Kip Keen

Silvercrest Mines (TSX-V: SVL) pushed 16 percent more ore than planned through its mill at the Santa Elena mine in Mexico, netting it a second strong quarter of production in a row.

Silvercrest outlined production results for the first quarter 2011 Read more

Thomson Reuters GFMS forecasts ‘just above’ $40/oz high for silver

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By Dorothy Kosich

During a presentation Thursday morning in New York City to introduce the latest edition of the Silver Institute’s World Silver Survey 2012, Philip Klapwijk, global head of metals analytics for Thomson Reuters GFMS, said the group’s short-term forecast is that silver will trade between $28.70 to $32.90 per ounce in the second quarter, broadly shadowing gold. Read more

Silver unlikely to repeat 2011 performance

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By Pav Jordan

Record levels of silver investment demand, focused mostly on the physical metal, coins and bars, drove average prices for the metal to record highs last year, although a repeat performance is not likely in 2012.

According to the World Silver Survey 2012, the average price for the metal that is best known for its use in jewellery and coins was $35.12 per ounce last year. Read more

With global economic upheaval, an historic rise in precious metals. A conversation with CPM Group’s Jeffrey Christian

Exclusive to resourceINTELLIGENCE

Jeffrey M. Christian is the Managing Director and founder of CPM Group. Under his direction the company has become one of the world’s foremost authorities on the markets for precious and other metals, foreign exchange markets and commodities derivatives. Jeff has written and spoken extensively about precious metals and commodities markets, as well as world financial and economic conditions. He has been involved in much of the pioneering work applying economic analysis and econometrics to commodities markets, as well as efforts to improve the quality of commodities market research. Mr. Christian created CPM Group in June 1986, when he and his associates within the Commodities Research Group in the Goldman, Sachs Investment Research Department left that company as a unit to set up an independent research company.

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New high grade silver/zinc hits on Kalgoorlie’s doorstep

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By Ross Louthean

MacPhersons Resources Ltd (ASX: MRP) today detailed a bonanza grade silver drilling hit on its fully owned Nimbus silver-zinc project to help confirm the existence of massive sulphide and disseminated silver-zinc mineralisation around the emerging high grade VHMS deposits. Read more

Silver prices could fall short term as physical market consolidates

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By Geoff Candy

After a fairly strong start to 2012, it seems much of exuberance with which silver started the year has dissipated.

For Mitsui and Co Precious Metals strategic analyst, David Jollie, Read more

Rock Tech Lithium has the makings of battery manufacturers’ best friend

www.rocktechlithium.com  •  604.688.1140

 

 

 

Eunho Lee
Director, President and CEO

If “quality of deposit is king,” then Rock Tech Lithium Inc (TSX-V: RCK) is one exploration company that wears the crown in the lithium space. The Canadian-based resource company is aggressively expanding its 100%-owned Georgia Lake lithium project containing spodumene-bearing pegmatites located in the Thunder Bay Mining District of northwest Ontario. Rising lithium prices, increasing demand from the battery industry, and the small number of producers indicate strong market fundamentals, putting Rock Tech in good stead. Eunho Lee, Director, President and CEO, shares why Rock Tech Lithium’s future looks even brighter based on the initial set of assay results and metallurgical work announced in December.

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Shadow over silver fundamentals

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By Jan Harvey

Silver bulls may be hoping that the metal’s healthy first-quarter price rise is the first step back towards record highs. Not so fast.

Its advocates say silver, which occupies a middle ground between industrial metals like copper and investment vehicles like Read more

Silver: poor man’s gold turning to fool’s gold?

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Silver bulls may be hoping that the metal’s healthy first-quarter price rise is the first step back towards record highs. Not so fast.

Its advocates say silver, which occupies a middle ground between industrial metals like copper and investment vehicles like gold, can benefit both from the fledgling economic recovery that is lifting copper and from the investment that is driving gold. Read more

U.S. Mint sees uneven gold and silver coin sales as prices fluctuate

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By George Avalos

The first-quarter roller coaster for demand for gold and silver coins from the U.S. Mint ended on a decidedly upward trend in March.

“We will continue to see a roller coaster here, up and down, up and down,” said Don Kagin, president of Tiburon, Calif.-based Kagin’s Inc., Read more

Extorre climbs on expanded gold-silver mining project

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By Kip Keen

Extorre Gold Mines (TSX: XG, AMEX: XG) outlined a greatly expanded Cerro Moro gold-silver project in Argentina with the addition of new resources from exceptionally high-grade gold-silver zones.

Late last year Extorre grew its resource base at Cerro Moro significantly with gold and silver ounces from the much anticipated Zoe vein system and other areas. With often bonanza grades, Read more

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