US-based silver miner Hecla Mining (NYSE:HL) says 2011 production remains within the company's estimates, and it expects to produce nine million ounces of silver despite a spate of mining accidents.
South American Silver (TSE:SAC) stock shot up 17% in morning trading today on the Toronto Stock Exchange to $1.62 a share after the company announced the findings from its NI 43-101-qualified resource estimate of the company's Escalones copper-gold-silver project in central Chile.
Seven miners have been pulled from Hecla Mining's Lucky Friday mine after a collapse Wednesday evening. Media reports say that six of the workers were treated at the scene while a seventh was treated at hospital with non-life-threatening injuries.
Hecla Mining (NYSE:HL) has acquired the remaining 30% interest in the San Juan Silver project in Colorado's Creede silver-producing district, for $33.8 million in stock.
Vancouver-based miner Endeavour Silver has discovered two high-grade silver/gold zones at its Guanajuato mine in Mexico and anticipates a significant increase in reserves and resources at the mine at the year-end.
Precious metals took a beating in the markets on Monday, with gold and silver falling in inverse relation to a 1% rise in the US dollar. Gold for February delivery crashed $52.60 to $1664.20 an ounce at Comex in New York. Silver sunk $1.20 to $31.05/oz.
A new zinc mine in Canada's Northwest Territories has received environmental approval. Canadian Zinc Corporation (TSE:CZN) said Friday that its Prairie Creek Mine has cleared an environmental review by the Mackenzie Valley Environmental Impact Review Board, meaning the mine can proceed to the next stage of regulatory approvals.
A new open-pit copper-gold mine in Canada's Yukon Territory would be powered with natural gas. Releasing an update today on its Casino project, Western Copper and Gold Corp. (TSE:WRN) says the company has partnered with Yukon Energy Corp., the territory's energy utility, to evaluate strategies for supplying liquified natural gas (LNG) to the mine and the Yukon.
