Silver

Associated Press reports that rescuers have been trying to reach a miner caught in a cave-in more than a mile underground. The roof of a tunnel at the silver mine in northern Idaho collapsed where the 53-year-old miner and his brother were working.

Hondo Minerals Corp has announced the expansion of its operational infrastructure in preparation for the opening of a processing facility at the Tennessee mine in Arizona.

Bolivian officials says President Evo Morales will announce on May 1 that he is dismantling Bolivian mining's "privatization model" and will nationalize former state-owned mines. Coeur d'Alene Mines announced Thursday that it has received assurances from the Morales Administration that its San Bartolomé silver mine is not targeted for any proposed mining nationalization in Bolivia.

The shares in some North American silver miners fell sharply on Thursday after Bolivia's leftist government said it might rescind concessions on four mines in the country run by Glencore International Ltd [GLEN.UL] affiliates and Canada's Pan American Silver Corp (PAA.TO: Quote)(PAAS.O: Quote).

After years of frustration, Greystar Resources shareholders successfully campaigned to dump CEO Steve Kesler and the board of directors in the aftermath of continued delays in its Angostura gold-silver project in Colombia. Greystar (TSX, AIM: GSL) has been working on the development of Angostura for 15 years, investing C$153 million thus far in the US$1 billion project.

NovaGold Resources released a prefeasibility study today on its 100%-owned Ambler project in northwest Alaska. The Vancouver-based company is exploring the sprawling 36,670-hectare property, which is host to a number of high-grade copper, zinc, lead, gold and silver deposits. According to the PEA, commissioned by SRK Consulting, the property contains 16.8 million tonnes of indicated resources, with 4.1% copper and 6.0% zinc. The inferred category contains 12.1 million tonnes of 3.5% copper and 4.9% zinc.

The world’s number one silver miner reported record gold production for the first quarter even as silver production numbers declined.

An organisation operating out of Dillon in Nevada has been formed as "Jewelers for Japan" to raise funds for the thousands of victims in Japan and it is asking jewelers and consumers to donate scrap gold and silver jewellery in lieu of cash. The refiner Rio Grande in Albuquerque, New Mexico will refine the gold and silver scrap without a fee with all proceeds going directly to the American Red Cross.

Fresnillo Plc (FRES.L: Quote), the world's largest primary silver producer, said silver output declined in the first quarter, although gold production rose to a record. The Mexican precious metals miner (FRES.MX: Quote) said silver production fell 2.2 percent to 10.1 million ounces, including output from the Silverstream agreement, on lower ore grades at the Fresnillo mine.