Archive for the ‘silver’ Category
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Mexico Seeks Top Silver Producer Status
by ckeddy on Mar 1st, 2011
This week, the Wall Street Journal reported that "Peru, Mexico Vie for Top Silver Spot". Mexico and Peru are jockeying for the title of the world top silver producer. The two countries supplied about 30% of the world's silver in 2009, according to the Washington-based Silver Institute. Henry Luna, a director at Peru's Ministry of Energy and Mines, s...Read More » Tags
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Slim’s Minera Frisco Surges in First Trading Day
by Michaela Davies on Jan 7th, 2011
Billionaire Carlos Slim’s gold and silver producer Minera Frisco SAB soared 26 percent in its first day of trading in Mexico City after being spun off from Grupo Carso SAB as investors bet precious metals prices will increase. Precious metals prices will climb 28 percent in the next year, giving investors the best returns among commodities in 2011, Goldman Sachs Group Inc. said Dec. 13. ...Read More » Tags
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Price of Silver Soaring
by Michaela Davies on Dec 30th, 2010
An unexpected surge in investor demand is sending silver prices soaring—and speculators and mining companies are digging in. In the past four months, the metal has upended forecasts, rising 51% to a series of 30-year highs, before inflation. Silver closed Thursday at $29.31 a troy ounce, up from $16.822 at the beginning of 2010. Among the four major precious metals—the others being gold, platinum and palladium—silver is up 74% this year, ...Read More » Tags
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Resource World Spotlight on Mexico: A Historical Treasure Trove
by Michaela Davies on Dec 16th, 2010
Economic deposits of mineral commodities are rare geological phenomena that are difficult to discover and expensive to develop into operating mines. Mexico is a treasure trove hosting an abundance of viable mineral deposits, particularly, silver and gold. Indeed, there is a rich precious metal mining history dating back to pre-Hispanic times. Since the arrival of the Spanish some 500 years ago, mining has been an important industry for both the ...Read More » Tags
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Higo Blanco returns more positive results
by Michaela Davies on Jul 20th, 2010
Aura Silver Resources Inc. has announced further encouraging results from its ongoing silver and gold exploration at its Higo Blanco project Located in the Taviche district, Oaxaca, Mexico, the Higo Blanco ...Read More » Tags
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Goldcorp’s divestitures build emerging Juniors
by ckeddy on Jun 8th, 2010
Goldcorp Inc. recently announced that it had entered agreement to sell the San Dimas gold-silver mine in Mexico to Mala Noche Resources Corp. The total purchase consideration of $500 million, consisted of $275 million in cash, $175 million of Mala Noche common shares valued at the...Read More » Tags
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From Healing Cuts to Cutlery: The History of Silver
by Newstrike System Admin on Nov 5th, 2009
It's easy to forget that that the silver found in the ring around your finger, the arm of your eyeglasses, or the spoon you use at dinner is part of a rich history reaching back to the ancient civilizations of Greece and Rome who used silver to control bodily infection and prevent food spoilage. In the fifth century B.C., Hippocrates (known as the Father of Medicine) used silver to heal wounds. In the same century, the King of Persia used a silve...Read More » Tags
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