Coeur Strengthens Balance Sheet Through Successful Debt Reduction Program "Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM - News) (ASX:CXC - News) provided an update today on its debt reduction program. During the first half of 2009, the Company reduced its convertible debt by over $150 million, or approximately 37%." More | July 02
Great Panther Announces First Mineral Resource Estimate for Cata Clavo Zone at Guanajuato Mine "GREAT PANTHER RESOURCES LIMITED (TSX:GPR - News) is pleased to report that Wardrop, a Tetra Tech Company, of Vancouver, B.C., has completed the first NI 43-101 compliant mineral resource estimate on the zone known as the 'Cata Clavo' at the Company's wholly-owned Guanajuato Mine in Guanajuato, Mexico. The new resource estimate of 5,032,000 silver equivalent ounces (Ag eq oz) represents only a very small part of the 4.2 kilometre strike length of the Guanajuato deposit owned by the Company. Other zones, namely Guanajuatito and Rayas, are currently being mined and do not yet have a compliant resource. Further exploratory and delineation drilling are planned for these zones in order to establish additional resources in the future." More | June 30
Hecla Reduces Debt and Amends Credit Facility "Hecla Mining Company (NYSE:HL) is pleased to announce that it has made a prepayment of $18.2 million to its term loan. The prepayment, made under the fifth amendment to the credit facility, reduces the lending syndicate to two institutions, reduces borrowing costs and provides Hecla with flexibility to control its capital program. The lenders have also shown their support by waiving some fees which will reduce our costs. At June 30, 2009, Hecla has now repaid approximately $341.7 million of the $380 million drawn on the facilities." More | June 30
Measured and Indicated Silver Resources Increase by 250% at Silvercorp's GC Silver-Zinc-Lead Project "Silvercorp Metals Inc. (TSX:SVM - News)(AMEX:SVM - News) ("Silvercorp") is pleased to announce an updated mineral resource estimate for its GC silver-lead-zinc project located in the Guangdong Province, Southern China. The updated mineral resource estimate is outlined in a National Instrument 43-101 compliant technical report entitled "NI 43-101 Technical Report Update on the GC Ag-Zn-Pb Project in Guangdong Province, People's Republic of China" dated June 22, 2009 (the "Resource Report") prepared by AMC Mining Consultants (Canada) Ltd. ("AMC") (Principal Geologist Brian O'Connor, P.Geo., independent Qualified Person, as defined by NI 43-101)." More | June 26
Alexco Environmental Services Group Awarded Contract for Sludge Management at Underground Mine in Colorado "Alexco Resource Corp. (Toronto:AXR.TO - News)(AMEX:AXU - News) ("Alexco" or the "Company") is pleased to announce the award to Alexco Resource U.S. Corp. (a wholly owned subsidiary of Alexco) of a mine-water solids transfer and treatment contract at the Platoro underground gold mine located at 10,000 feet elevation in the San Juan mountains of southern Colorado. The value of the contract is estimated at more than $CAD1.1 million." More | June 26
Sabina Silver Announces Initial Hackett River Drilling Results: High Grade Mineralization Encountered at JO Zone Including 457 g/t Silver and 26.2% Zinc "Hackett River is one of the largest undeveloped silver - zinc volcanic massive sulphide ("VMS") deposits of its type in the world with indicated resources totalling 43 million tonnes grading 4.65% zinc, 144 g/t silver, 0.42% copper, 0.64% lead and 0.30 g/t gold and an additional inferred open resource totalling 14.6 million tonnes grading 4.46% zinc, 136 g/t silver, 0.31% copper, 0.57% lead and 0.31 g/t gold." More | June 25
Silver Standard Resources Inc.: Breccia Ridge Underground Pre-Feasibility Study and Pitarrilla Project Update "Silver Standard Resources Inc. (TSX: SSO)(NASDAQ: SSRI) is pleased to report the results of a pre-feasibility study for the underground component of the Breccia Ridge Zone at its wholly-owned Pitarrilla Project in Durango State, Mexico. Based on the pre-feasibility study, the underground component of Breccia Ridge now contains probable silver reserves of 91.7 million ounces." More | June 25
ECU Silver Responds to Notice of Arbitration "ECU Silver Mining Inc. ("ECU Silver") (TSX:ECU - News) announces that it has received a Notice of Arbitration (the "Notice") from its San Diego Property joint venture partner, Golden Tag Resources Ltd. ("Golden Tag"), wherein Golden Tag is seeking to refer certain matters, pertaining to the operation of the joint venture, to arbitration for resolution." More | June 24
U.S. Silver Corporation Announces Public Offering "U.S. Silver Corporation (USA-TSXV) (“U.S. Silver” or the “Company”) is pleased to announce that it has filed a preliminary short form prospectus in connection with a proposed marketed public offering of C$7 million of common shares (“Common Shares”) of U.S. Silver (the “Offering”). The number of common shares to be distributed and the price per common share will be determined in the context of the market with the final terms to be determined at the time of pricing. A syndicate led by Cormark Securities Inc., and including Research Capital Corporation and MGI Securities Inc., is acting as underwriters of the offering (the “Underwriters”)." More | June 23
MAG Silver Responds to Fresnillo Decision to Withdraw "Take-Under" Bid "In today's announcement Fresnillo suggested that its decision to not proceed with its "take-under" bid was motivated by uncertainty as to when or if the independent valuation of MAG's shares would be completed. In MAG's view, Fresnillo's decision to withdraw was motivated by much different considerations that Fresnillo has not been prepared to publicly acknowledge." More | June 23
Arian Silver Reports on Annual General Meeting of Shareholders; Change to the Board of Directors "David Cather graduated from the Royal School of Mines, Imperial College, London in 1981 as a mining engineer. He is a Chartered Engineer with extensive experience gained in the development and management of a wide range of resource projects in executive roles, principally with Anglo American/De Beers. David was formerly Technical Director of Anglo American's Industrial Minerals Division which included responsibilities for Tarmac (construction materials in 13 countries) and fertiliser operations in the UK (Cleveland Potash) and Brazil (Copebras). He is a Member of IoM3, FIQ, a "Qualified Person" as defined in the AIM guidelines of the London Stock Exchange and a "Qualified Person" as such term is defined in Canadian National Instrument 43-101." More | June 23
Initial Silver Cyanide Leach Results Positive at Sierra Mojada "Twenty three composite samples representing one hundred twenty four sample intervals from drill core into the deposit area were selected for triplicate head grade analyses prior to cyanide leach analyses at a commercial laboratory. These samples were selected to test the western, central, and eastern portions of the Northside silver zone, and two distinct and unique mineralogical zones that form part of the Northside silver zone: the Silver Sulfide area to the east and an area on the west, termed the "Lead Manto composites" that mixed some samples from the upper Northside with some from the upper Southside zones." More | June 23
Arian Silver Releases Independent Preliminary Economic Assessment Report; Mining of More Than 2 Million Ounces of Silver Proposed "Arian Silver Corporation (TSX VENTURE:AGQ - News; AIM:AGQ)(PLUS:AGQ)(FRANKFURT:I3A - News; "Arian" or the "Company") is pleased to announce the results of a Preliminary Economic Assessment ("PEA") for its San Jose Project in Zacatecas State, Mexico. The PEA, undertaken by A.C.A. Howe International Limited ("Howe"), reviewed the economics of entering into contract mining and toll milling on three silver blocks with lead and zinc credits that were previously reported in the technical report referred to below." More | June 23
Coeur Applauds Today's Supreme Court Decision Upholding Kensington Mine Tailings Permit "Coeur d’Alene Mines Corporation (NYSE:CDE - News) (TSX:CDM - News) (ASX:CXC - News) announced today that the United States Supreme Court has released its decision affirming the previously issued permit for the tailings facility for the Kensington gold mine near Juneau, Alaska. The decision clears the way for completion of the only item remaining to be constructed, the tailings facility, and for production to commence at the mine, providing job growth and economic stimulus to Southeast Alaska." More | June 22
Pan American Silver and Orko Silver Begin Comprehensive Drilling and Development Program at "La Preciosa" "Pan American Silver Corp. ("Pan American") (TSX: PAA)(NASDAQ: PAAS) and Orko Silver Corp. ("Orko") (TSX-V: OK) are pleased to announce that this week they commenced a comprehensive exploration and delineation drilling program at the La Preciosa silver project in Mexico." More | June 22
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Silver Company News
Saturday, March 25th: Bob Chapman, International Forecaster 
