The silver miners are beautifully positioned to enjoy soaring operating profits as silver’s young new bull market continues gradually marching higher on balance.
Imperial Metals Corporation (TSX:III) reports permit amendments for Huckleberry mine have been received. The board of directors of Huckleberry Mines Ltd. (HML) has formally approved the Main Zone Optimization (MZO) plan(1) to extend the life of Huckleberry mine to 2021.
Canada-based RX Exploration has applied for an operating permit to expand a gold and silver mine northwest of Helena after regulatory officials became concerned the company was pushing the limits of its existing permit.
North Korea said Saturday it will issue gold and silver coins to mark the 20th anniversary of late leader Kim Jong-il’s ascension to the supreme commander of the communist nation’s armed forces.
Canadian Silvercorp Metals (TSX: SVM-News)(NYSE: SVM-News), China’s biggest silver miner that was accused this year of accounting and production fraud in anonymous letters to authorities, has retained independent consultants to confirm resource estimates at four of its properties.
Most commodities, except for the heavyweights gold and oil, are poised for a down year in 2011, the first fall for this sector since the financial crisis hit in 2008.
Australian Laguna Resources (ASX: LRC) has submitted an environmental impact study (EIS) to Chile’s Environment Ministry's evaluation service for its US$300 million Arqueros gold-silver project in the north of the country.