Exchange rates (April 11, 2011)
CANADIAN/U.S. EXCHANGE (Bank of Canada noon rate)
2011
Mirabela raising US$375M
Australia-based Mirabela Nickel (MNB-T, MBN-A) plans to raise US$375 million in senior notes to pay debt, end its hedges and continue ramping up its sizable Santa Rita nickel mine in eastern Brazil.
Northair expands drill program after Mexican silver hits
International Northair Mines (INM-V) is exp-anding a drill program at its La Cigarra silver project in north-central Mexico by 3,000 metres after intersecting 80 metres of 123.5 grams silver per tonne in February. The program will target a 3-km…
Oremex built to ride the silver wave
Having one of the most heralded silver bulls in your corner doesn’t hurt when you’re looking to become the next significant silver miner in Mexico.
Endeavour Silver awash in record profits
Endeavour Silver (EDR-T, EXK-N) ended 2010 with more than US$100 million in working capital, no debt, falling cash costs, and rising silver production.
Contractor United Mining to build mine
Vancouver – Nestled between two major past producers in one of the world’s great silver districts, United Mining Group (UMG-T) sees big potential for the historic Crescent silver mine in Idaho’s Silver Valley.
Silver Wheaton boosts reserves 9% (April 11, 2011)
The timing of Silver Wheaton’s (SLW-T, SLW-N) announcement on March 23 that it had boosted attributable reserves more than 9% in 2010 couldn’t have been better, as silver hit a fresh 31-year peak in futures markets on that day, with silver…
Pan American’s best year
Pan American Silver’s (PAA-T, PAAS-Q) seven operating mines in Mexico, Peru, Argentina and Bolivia churned out a total of 24.3 million oz. of silver in 2010, a year-on-year rise of 5%, leaving the company with more than US$360 million in the…
Wildcat Silver’s shares leap on drilling, financing
Promising drill results, a healthy financing and an underlying rise in the price of silver have helped Wildcat Silver’s (WS-V) share price climb skywards in recent weeks.
Malbex climbs as new zone is defined
All it took was the results from one drill hole and Malbex Resources’ (MBG-V) shares started running in the right direction.
Oyu Tolgoi to produce 3M oz. silver a year
With silver prices cruising to new heights, investor interest in the sizable Oyu Tolgoi copper-gold project in Mongolia has “prompted” Ivanhoe Mines (IVN-T, IVN-N, IVN-Q) to “more widely circulate the projections for silver production that have…
San Gold to nearly double production in 2011
San Gold (SGR-T, SGRCF-O) produced 43,498 oz. of gold last year and plans to nearly double that amount this year to 80,000 oz.