Month: April 2011

Silver prices are moving higher, but why has the Fresnillo Plc share price underperformed?

VANCOUVER, April 14, 2011 /PRNewswire-FirstCall/ — Capstone Mining Corp. (TSX: CS) announced that D. Bruce McLeod has tendered his resignation as a Director of the Company.

(AXcess News) Houston – El Tigre Silver Corp. (TSX.V: ELS; OTC: EGRTF) reported strong results Wednesday on its drill report at its Sonora Mexico silver mine while investors await the next release of drill reports due out shortly. The mine, which was originally explored by Anaconda Mining (TSX: ANX-RT) in 1980, is being prepared for further exploration.

IMPACT Silver Corp. (“the Company” or “IMPACT”) is pleased to announce the audited financial results for the Company’s year ending December 31, 2010. The full version of the financial statements and the Management’s Discussion and Analysis can be viewed on the Company’s website at www.impactsilver.com or on SEDAR at www.sedar.com.

-Revenues for the year reached $16.7 million, up 37% from $12.2 million in 2009.

LONDON (Commodity Online) : World’s leading mining company, Fresnillo PLC said first-quarter gold production rose over 13% to 96,407 ounces due to the expanded capacity of the group’s Soledad-Dipolos facility.

Solitario Exploration & Royalty Corp. (NYSE Amex:XPL) (TSX:SLR) today announced that it intends to offer shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Caza Gold Corp. (CZY.V) shares were down $0.02 to $0.56 each prior to the company reporting that its geological team identified several strong trace element anomalies associated with high gold values and high sulfidation alteration on the Los Andes gold property in Nicaragua.

Aurcana Corporation (AUN.V) is down another 5% at 71 cents today, and has touched a day low of 68 cents with close to 7 million shares traded.

Shares of Gold Resource Co. (GORO) saw major losses on Tuesday. The stock traded down ($1.84) or 6.47% for the day and last traded at $26.59. Approximately 389,871 shares changed hands during mid-day trading.

Mercator Minerals Ltd. (ML.TO) went down by more than 8% to $3.38 after announcing that it has agreed to acquire Creston Moly Corp. (CMS.V) in a friendly deal that values Creston at about $195 million, which will will create a “significant” copper and molybdenum miner with operations in the United States and Mexico.