Silver Top Stories

Chile mulls scrapping copper funding for military

Codelco chairman, Oscar Landerretche, wants the government to scrap the…

Hedge funds have never been this bearish on commodities

Gold is the big exception with managed money futures investors…

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U.S. silver futures rally 6% in early trade

U.S. silver futures rallied as much as 6 percent and gold reached a record high on Thursday, underpinned by a weakened dollar after the U.S. Federal Reserve signalled no rush to reverse its accommodative monetary policy.

Healthy gold, bonanza silver drilling at Troy’s Argentinean project

Troy Resources NL (ASX & TSX: TRY) disclosed today that follow up drilling on the Kamila South East zone produced more significant results from the high grade Inca Vein. An earlier assay produced 14.7 metres grading 7.79 grams/tonne gold and 1,292 g/t silver (26.24 g/t Au equivalent), and subsequent drilling produced more positive results.

Thompson Creek nixes U.S. Energy option: Globe

Thompson Creek Minerals has spurned an option with U.S. Energy Corp. to acquire an interest in the Mount Emmons molybdenum project in Colorado's Gunnison County. According to a story in today's Globe and Mail, the Denver-based company has decided instead to focus on exploring its Berg property in British Columbia: Chairman and CEO Kevin Loughrey said the property can potentially expand its molybdenum production while also helping the company's diversification efforts.

Trapped miner died in ground collapse, mining company says

After more than nine days of holding out hope that trapped miner Larry “Pete” Marek was alive after a mine collapse, Hecla Mining Company said it believed Marek was dead and changed the rescue mission for Marek into a recovery mission at the Lucky Friday Mine early Easter Sunday morning. In a press release, Hecla stated “we are heartbroken to report that we now believe that Larry was under the fall of ground when it occurred and is deceased.”

PanAm Silver has no ‘official notification’ of possible San Vicente nationalization

Pan American Silver said Tuesday it had consulted with Bolivia's Minister of Mines and its unions and "has not received official notification from any government representative with respect to the possibility that the Bolivian government might seek to take control of San Vicente." Bolivian media reports claims the Morales Administration was considering terminating joint venture contracts and taking control of several mines formerly operated by the government, which could include the San Vincente silver mine.