Excellon seeks financing alternatives

TSX-listed Excellon Resources is working hard to reduce costs and conserve cash, as it believes that cashflow from operations “will not be sufficient to meet its objectives”, the firm said on Monday. Excellon owns the Platosa silver/lead/zinc...

Excellon agrees to buy Silver Eagle, gets access to mill

Shares in TSX-listed Silver Eagle Mines dropped 28,6% on Thursday, after the firm announced it had agreed to an all-share buyout by Excellon Resources. Shareholders in Silver Eagle, which received government approval in December to halt its...

Project delays, mine shutdowns and cutbacks

A chronological summary of project delays, mine shutdowns and production cutbacks announced by miners around the world in response the falling metals prices and tightening financial markets. Begins July 2008.

Silver Eagle gets approval to suspend Mexico mine

TSX-listed Silver Eagle Mines has reached an agreement with its unionised workers and received approval from the Mexican government to suspend operations at its Miguel Auza mine until June 15, 2009. The company now plans to put the...

Silver Eagle mulls options as cash dries up

TSX-listed Silver Eagle Mines, which owns a silver and base-metals mine in Mexico, is considering "all potential alternatives" after it was unable to arrange debt financing, the firm said on Friday. Shares in the company lost half their value on...