Silver likely to reach $20/oz in short term - GFMS

Silver prices would likely reach the $20/oz level in the short term, as surging investment drives prices higher, precious metals consultancy GFMS forecast on Friday. The silver price had averaged at $14,06/oz for the first ten months of 2009, a...

Alexco gets pivotal permit for Yukon mine

Vancouver-based Alexco Resource Corp has been issued a quartz mining licence by the government of Yukon for its Bellekeno mine in the Canadian territory. The licence is the primary permit authorising Alexco to immediately begin mine development...

Farallon assessing satellite deposits at Campo Morado

Vancouver-based Farallon Mining expects to have completed a preliminary economic assessment on four satellite deposits at its Campo Morado property, in Mexico, in the first quarter of next year, CEO Dick Whittington said on Tuesday. Farallon...

Goldcorp to buy junior Canplats for C$238m

Canada's second-biggest gold-miner, Goldcorp, has agreed to buy explorer Canplats Resources, which owns the Camino Rojo project, 50 km from Goldcorp's big new Penasquito mine, in Mexico. The move is part of a plan to create a “network” of...

First Majestic closes Normabec acquisition

Vancouver-based First Majestic Silver has completed its acquisition of Normabec Mining Resources, the company announced on Friday. In a transaction first announced in September, Normabec shareholders will receive 0,060425 First Majestic shares...

Alexco approves construction of Yukon silver/lead/zinc mine

Vancouver-based Alexco Resource Corp will start building its Bellekeno project, in the Keno Hill silver district of Canada's Yukon Territory, and plans to be in full production by the third quarter of 2010, the company announced on Wednesday....

Pan American will decide on Mexico project by end-2010

After completing and commissioning five new-mine and expansion projects in the last six years, Vancouver-based Pan American Silver is turning its attention to the next candidate in line – the La Preciosa silver project, in Mexico's Durango...

Silver Wheaton to look at dividends in future, not now

Vancouver-based Silver Wheaton will “undoubtedly” consider paying a dividend to shareholders at some point in the future, but for now the company will rather use its cash to make acquisitions, CEO Peter Barnes said on Tuesday. Silver Wheaton...