Silver

Sulliden Gold announced positive results from feasibility-level metallurgical test work focused on the oxide-bearing gold and silver material at its 100%-owned Shahuindo Project located in Peru.

Sulliden Gold Corporation Ltd. (TSX:SUE)(OTCQX:SDDDF) has completed a new gold and silver mineral resource estimate for its 100%-owned Shahuindo Project in Peru. The updated estimate delivered a 121% increase of indicated gold ounces in the oxides and a 397% increase in inferred gold ounces from the sulphides relative to the 2009 year-end estimate. Sulliden continues to actively drill the Shahuindo property and new results will continue to be released throughout 2011. Image of the Shahuindo Project by Sulliden Resources

Shares in Vancouver-based Great Panther Silver on Wednesday continued to soar after the company reported record revenues and profits a day earlier. Shortly before the close the company which owns 100% of two silver mines in Mexico was up 8.5% in a broadly weaker market and on a tough day for other silver counters. Tuesday's results showed net income up $6m to $7m for the first quarter and a 95% increase in revenues to $15.5m. The company listed in February this year and raised $24.2m in April in a closed equity offering. A day before the results announcement investor site Motley Fool said the counter was "poised to pop."

Get set for a pace of drilling and exploration results from the Yukon even more blistering this year than the last. By way of yardstick, 2010 was stellar for exploration in the Yukon, with about $150 million in such expenditures. But this year is looking even better, with exploration expenditures expected to top $250 million, according to Natural Resources Canada, which some months ago surveyed the 2011 spending intentions of mining and exploration companies. And with the shorter Yukon exploration season, many drilling campaigns in the Yukon are just getting underway.

Gold rebounded on Tuesday after posting its biggest one-day loss in a month in the previous session on growing worries about another global economic downturn, but a weaker U.S. dollar and bargain hunting by jewellers offered support. While signs of a cooling Chinese economy could weigh on industrial metals, dealers expect no change in China's appetite for bullion. Investors were also awaiting a trail of U.S. data later in the day which could set the tone for commodities.

Bloomberg News reports that Hecla Mining, the biggest silver producer in the United States, has agreed to pay $263 million to settle one of the country's biggest Superfund lawsuits: Hecla’s payment, including interest, will be made to the federal government, the Coeur d’Alene Indian Tribe and the state of Idaho, resolving claims stemming from waste discharged from its mining operations, the U.S. Justice Department said today in an e-mailed statement.

Helio Resource Corp. on Monday reported the first diamond drill results from the current drill programme at the Gold Kop Target, on its 100%-owned Damara Gold Project in Namibia. The Gold Kop Target is situated 45km northeast of AngloGold Ashanti's Navachab gold mine. On Monday, Helio which also owns gold projects in Tanzania was trading up almost 5% on the TSX Venture Exchange on the news. The tightly-held company is worth some $44m with 104m shares outstanding.

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 […]