Silver

ATAC Resources Ltd. (TSX VENTURE:ATC) is pleased to announce it has made a significant silver-lead-zinc discovery at the Ocelot target beneath a known but previously undrilled surface gossan. The target is located within the Rau Trend in the western portion of ATAC's 100% owned Rackla Gold Project in the Keno Hill Mining District, Canada's second largest primary silver producer. Image by ATAC Resources Ltd.

Silver is searing hot in China as imports are set to hit a new high. The white metal’s widespread use in industry […]

Robert Friedland, Chief Executive Officer of Ivanhoe Mines Ltd. (TSX:IVN)(NYSE:IVN)(NASDAQ:IVN), issued an operations update today that reports on progress being achieved on the development of principal projects in the portfolios of the parent company and its subsidiaries and associated interests. Key developments: Full-scale construction at Ivanhoe Mines' flagship Oyu Tolgoi copper-gold-silver mining complex is continuing toward a projected peak level of activity that is expected to be reached during the third quarter of this year. The total number of workers engaged at the Oyu Tolgoi construction site has more than doubled since March 1, 2011, as part of the build up to the peak of construction and currently stands at 12,497.

United Silver Corp. (formerly United Mining Group) on Thursday updated progress on the joint venture with New Jersey Mining Company which was established to secure near-term milling capacity for the Crescent Silver Mine project, through funding a $2.5m expansion program. The expansion program remains on budget and on schedule for completion in the fourth quarter of 2011, the company said. United Silver Corp. is earning, through development and operations, an 80% interest in the Crescent Silver Mine in Idaho's prolific Silver Belt - directly between two of the world's historically largest silver producing properties, the Sunshine and Bunker Hill mines.

The top 40 global mining companies are poised to break through the US$1 trillion asset mark this year, due to record levels of cash, property and equipment on balance sheets, says a new PwC report. In their report Mine 2011: The game has changed, PwC called the financial results of the top 40 "spectacular" as total revenues increased 32% to US$435 billion, breaking the $400 billion mark for the first time.

Edward Lee, President of Molycor Gold, reported that drilling has commenced on its 100% owned Beaverdell Silver property, located 4km southeast of Beaverdell, British Columbia. The exploration program will be focused on the North Kokomo – Tiger and Duncan Bounty vein areas where high grade rock chip samples were taken during an assessment program carried out during fall 2010 up to 61.98 oz/ton silver.

Chieftain Metals has initiated an important step in its 2011 operations plan by transporting heavy machinery and equipment via barge to the Tulsequah Chief mine site in north-western British Columbia.

Mercator Minerals is pleased to announce that that for the first two months of Q2 2011, the Company produced 7,538,130 pounds of copper and 1,128,674 pounds of molybdenum at its wholly owned Mineral Park mine in Arizona, as compared to total Q2 2011 production guidance for the months of April to June, given on March 8, 2011 of 10,163,548 pounds of copper and 1,033,558 pounds of molybdenum, representing 74% of the guided quarterly copper production and 109% of the guided quarterly molybdenum production during a period of two months of a three month quarter, with a full month of production to come. 

Profit margins for the world’s top 40 mining companies are below the historical peaks of 2006 and 2007 as higher costs outweigh […]