Canadian contract driller and lightweight exploration drill manufacturer, Energold Drilling, has acquired diversified drill manufacturer Dando of the U.K.
The Australian miner OZ Minerals confirmed that its revival is now well and truly confirmed after a strong December quarter result from its Prominent Hill mine in South Australia’s far north.
Azure Minerals Ltd (ASX: AZS) is an Australian-based emerging explorer and developer of precious and base metals projects in the richly mineralised Sierra Madre mining province of northwestern Mexico. Through exploration success and selective project acquisition, Azure aims to become an independent minerals producer.
TORONTO (miningweekly.com) Mexico’s Hochschild Mining produced 26,4-million attributable silver-equivalent ounces in 2010, in line with forecasts, but operating costs will likely be higher than expected, the company said on Wednesday.
Gold looks to be making a turn again as it has added more than $10 back to its totals so far this week; breaking back north of $1,370 per ounce. While some people remain focused on the short-term aspects of gold prices, the majority of investors in the precious metal or mining companies are still focused on the long-term picture which has most people expecting the prices to continue upward in coming years. Other metals such as silver and copper continue to be in high demand and are not anticipated to see any significant decline in price in the near term and certainly not in the future with analysts, once again, calling for increases prices for the valuable metals.
La firma minera tiene una buena perspectiva sobre todo por el buen desempeño esperado en el mercado del acero
MÉXICO, 19 de enero, 2011.- Actinver Casa de Bolsa reintrodujo su precio objetivo (PO) 2011 de 43 pesos para la acción de Compañía Minera Autlán (AUTLAN), a la vez que actualizó sus estimados para este año.
Endeavour Silver Corp. (EDR.TO) edged down 0.2%. The miner, which owns two silver-gold mines in Mexico, said it forecasts the seventh consecutive year of production growth as it expects to produce more than 3.7 million ounces of silver and 19,000 ounces of gold in 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.
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