SILVER NEWS AND ANALYSIS

GENERAL STRIKE PLANNED TOO

As Peru strike continues miners decide whether to support it

Wednesday , 02 Jul 2008
Workers want ‘fairer share’ of profits from high commodity prices. Some mines still not affected.
STRIKE STARTED MIDNIGHT SUNDAY

Strike to paralyse Peru's gold, silver and base metals mines

Monday , 30 Jun 2008
Peruvian miners are set to shut down the county's mining industry and blockade roads to bring pressure on the government to approve a law eliminating limits on profit sharing.
HEDGED PRODUCTION DENTED PROFITS

Kerimov sells out of Polymetal, Russia’s major silver miner

Monday , 16 Jun 2008
Russian largest silver and third largest gold miner, Polymetal, goes back to Nesis family.
278.8M OZS TOTAL SILVER RESERVES

Coeur says Palmarejo silver-gold project will have significant companywide impact

Wednesday , 11 Jun 2008
A feasibility study of the Palmarejo underground and open pit silver and gold project shows the Mexican operation will have a significant impact on Coeur Mines’ companywide reserves, cash flow and production.
SILVER-POLYMETALLIC CHINESE MINING

Record profits for Canadian silver miner with ops in China

Tuesday , 10 Jun 2008
Silvercorp Metals officials said Monday that the Vancouver-based miner is building a solid base in China’s Ying Mining Camp to significantly increase resources and resource production.
MAJOR CONTRIBUTION TO GROWTH

Hochschild buys rest of San Felipe silver and base metals project

Thursday , 05 Jun 2008
Silver miner Hochschild has bought the remaining 30 percent stake in its San Felipe project in Mexico, which it says has the best potential of any project since the company listed.
OTHER OPPORTUNITIES BEING EXPLORED

How does Apex Silver spell liquidity relief? S-U-M-I-T-O-M-O

Tuesday , 03 Jun 2008
With the $70m Sumitomo deferred payment deal for San Cristobal’s silver and zinc output, Apex Silver gives investors what they want -- more liquidity.
SILVER INSTITUTE, DEALERS WORRIED

High flying U.S. Silver Eagle Bullion coin sales grounded by U.S. Mint

Friday , 30 May 2008
Silver’s growing popularity as an investment vehicle has stymied the U.S. Mint, which stopped taking orders for its American Eagle Silver Bullion coin, and rationed sales for the remainder of this year.
DIVERSIFYING PORTFOLIO

As gold dims, RioZim diversifies into coal and nickel

Thursday , 29 May 2008
The difficulties at the company’s flagship gold mine, Renco, are leading Zimbabwe’s leading domestic mining company, RioZim, to re-assess and regenerate its nickel and coal holdings.
GOOD RELATIONSHIP WITH GOVERNMENT

Coeur's big San Bartolome silver mine inaugurated

Wednesday , 28 May 2008
Coeur d’Alene Mines Corp. of the US is inaugurating its San Bartolome mine in Bolivia today which it claims will be the world’s biggest pure silver mining operation.
RESUMPTION MAY BE SHORTLIVED

RioZim's Renco gold mine resumes production

Tuesday , 27 May 2008
It appears that threats to expropriate gold mines which have ceased production because of difficulties in receiving payment for their product from the Central Bank have pushed RioZim to re-open its Renco gold mine – but at a reduced production rate.
PLATINUM SUPPLY SUSCEPTIBLE TO DISRUPTIONS

Barclays forecasts tarnished outlook for silver, base metals less volatile

Monday , 19 May 2008
Barclays analysts say it is too early to determine the potential impacts of the massive Chinese earthquake on base metals supplies, suggesting that power shortages and logistical difficulties present a greater risk, but are wary on silver outlook.
PIRQUITAS START-UP 4Q08

Silver Standard expresses confidence in Argentinean export tax talk outcome

Friday , 16 May 2008
As Silver Standard anticipates the start-up of its first major mine late this year in Argentina, the company is confident of its liquidity and negotiations concerning mining export taxes.
SECOND STUDY IN 4 YEARS

CFTC still finds no evidence of silver futures market manipulations

Friday , 16 May 2008
Despite silver bugs, who insist the price of silver has been artificially depressed, the second study by the Commodity Futures Trading Commission in four years finds no evidence supporting the allegations.
NO PROBLEMS FORESEEN IN BOLIVIA & PERU

Pan American Silver's "best quarter in the company's history"

Thursday , 15 May 2008
As Pan American Silver shattered most corporate records during the first quarter, CEO Geoff Burns predicted that the company should continue to be breaking records for the rest of the year.
FINANCIAL CONCERNS WORRY ANALYSTS

Apex Silver assures analysts Bolivia will not nationalize San Cristobal

Wednesday , 14 May 2008
Apex Silver CEO has updated analysts on the Bolivian tax and political situation which could impact earnings potential, while the company insisted that there was no likelihood of operations being nationalized by the Morales government.
NOT A STRAIGHT PROGRESSION

Outlook for gold and silver slightly weaker but platinum favoured

Tuesday , 13 May 2008
The London-based commodities research arm of French Bank Natixis reckons that the outlook for gold and silver, although generally positive, is muted in the near term while platinum and palladium should perform a little better.
BBB CREDIT RATING AFFIRMED

S&P urges Mexico’s Peñoles to expand beyond Latin America

Tuesday , 13 May 2008
As Peñoles floated Fresnillo on the LSE, S&P gave Peñoles, the world’s largest producer of refined silver, a stable outlook, but urged the mega miner to step up its diversification efforts.
SMELTING, REFINING COSTS HIT SILVER MINERS

Port delays, smelting costs, Venezuela take a bite out of Hecla profits

Tuesday , 13 May 2008
Despite a number of adverse factors, Hecla's first quarter figures remain strong in the light of high precious metals prices, but perhaps below analysts' estimates.
SHOULD ENTER FTSE 100

World’s largest silver producer raises $1.77 billion in London IPO

Friday , 09 May 2008
Penoles offshoot, Fresnillo, the world’s largest producer of silver has raised $1.77 billion in its London IPO, but stock fell back in line with recent weakness in the silver price in initial trading.
POSITIVE PROSPECTS

Silver: still dependent on gold for upside, but fundamentals stronger

Wednesday , 07 May 2008
GFMS asserts that “a great deal will be required from investment demand this year” as the key element in the silver price over the past year has been a pronounced shift in investor behaviour.
$20/OZ POSSIBLE AGAIN THIS YEAR

World Silver Survey authors say silver outlook is still positive

Wednesday , 07 May 2008
As the Silver Institute and GFMS released their annual World Silver Survey today, no big corrections in silver prices are anticipated this year, as investment money is expected to continue to flow into silver ETFs.
INVESTOR HUB: Silver

TOP STORIES

RUSSIA’S RICHEST MAN FACES LONDON TRIAL

Rusal’s Oleg Deripaska loses battle to stay out of the High Court

Thursday , 03 Jul 2008
High Court’s Lord Clarke grants Mikhail Chernoy UK jurisdiction to pursue his share of Rusal.
More 

FAST NEWS

FIVE-FOLD INCREASE IN PRODUCTION

Petra expecting boost output to over 1mln carats a year by 2010 

WATCHDOG CAN ONLY BARK

BHP expected to request Japanese anti-trust approval 

HIGHER GLOBAL STEEL PRICES

Ezz Steel's net profit jumps 56% in Q1 

ATTAINING SELF-SUFFICIENCY?

Steelmakers securing raw materials for the future 

INTERNATIONAL STAINLESS STEEL FORUM

Global stainless steel Q1 output falls 6.5 % 

LOOKING AT EFFECTS UNTIL 2015

EU investigates long-term impact of BHP’s bid for Rio 

Select a region below 

NEWS BY REGION

Australasia Asia Former Soviet Union Europe Africa Canada USA South America