Month: January 2011

The eyes of silver bulls are sparkling as prices climb amid rumours of silver bullion shortages.

Mind you, the Financial Times site says that the talk is “mainly down to one particular website. Zerohedge.”

Over at Zerohedge, Tyler Durden says that “On Friday we disclosed that major precious metals distributor, retailer and trading house BullionVault.com had run out of physical silver inventories in Germany (and possibly elsewhere) and was advising clients to seek the precious metal elsewhere. Today, we find that the UK joins Germany in what is now becoming the second round of the global silver shortage (the first one occuring in May 2010 when it was unclear just how the ECB would deal with insolvent PIIGS). Below is the warning by British BullionByPost notifying clients that the company currently has no silver bars in stock.”

Newmont Mining Corporation (NYSE:NEM) percentage change fell -0.74%, currently trading at $56.14 and its overall traded volume is 1.36M shares while reporting at 11:00 AM on Wednesday, the stock has average daily volume of 6.22M shares.

Yamana Gold Inc. (USA) (NYSE:AUY) slid -0.35%, currently trading at $11.52 and its overall traded volume is 1.41M shares while reporting at 11:00 AM on Wednesday, with the total average traded volume of 5.59M shares.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) slid -1.21%, currently trading at $36.02 and its overall traded volume is 436,532.00 shares while reporting at 11:00 AM on Wednesday, with the total average traded volume of 851,034.00 shares.

Brigus Gold Corp. (AMEX:BRD) moved up 1.70%, currently trading at $1.79 and its overall traded volume is 274,140.00 shares while reporting at 11:00 AM on Wednesday, with the total average traded volume of 1.02M shares.

MEXICO DF (Reuters) – La bolsa mexicana subía el miércoles apoyada por las acciones del Grupo México luego de que el precio del cobre trepaba a niveles históricos, pero en un mercado atento al comportamiento de sus pares en Estados Unidos.

Virgin Metals Inc. (CVE:VGM) is a Toronto, Ontario, Canada based exploration and development company engaged in advancing copper focussed projects in Sonora State, Mexico. Virgin Metals’ strategy is to systematically explore and develop the Company’s primary assets: The Los Verdes and the Curatro Hermanos deposits. The Company’s current focus is to update the Los Verde’s pre-feasibility study while increasing the measured and indicated mineral resource of all the of the Company’s reserves. Virgin Metal’s long term goal is to develop on of more profitable operating copper mines in Mexico.

Vane Minerals has agreed a joint venture with Jose and Hector Ruiz in the La Rastra gold-silver district of Mexico covering four concessions: La Colorada, La Valenzuela, Maria Fernanda and Jorge Luis.

Hochschild Mining PLC (HOC.LN) Wednesday reported its full-year production that met guidance but now the company must tap into its developing projects and exploration to battle falling output.

It has been a transformational year for Royal Gold (RGLD), the most popular gold royalty company in this small industry niche. The company has made three very strategic and value adding acquisitions in 2010, vastly boosting its growth profile across the board.