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Silver
 
MINING FINANCE

Alcyone secures A$10m in funding

0 COMMENTS
ASX-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
 
 
SILVER

First Majestic Silver cuts capital spending as silver price freefalls

0 COMMENTS
Mexico-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
 
 
SILVER

Pan American Silver profit falls on higher costs

0 COMMENTS
Pan 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
 
 
SILVER STREAMING

Silver Wheaton posts Q1 net loss, as costs, low prices dent earnings

0 COMMENTS
The 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
 
 
SILVER

Higher costs, lower silver prices drag on Hecla profit

0 COMMENTS
Hecla 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
 
 
GOLD

McEwen Mining’s gold production jumps as new mine adds weight

0 COMMENTS
Canadian 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
 
 
SILVER

Coeur d'Alene profit falls on lower output, prices

0 COMMENTS
Coeur 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

Franco-Nevada’s profit drops despite rising revenue

0 COMMENTS
Canadian 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