Silver

Eyeing potential for high-grade gold tonnage, Canada's Southern Arc reports on another swelling gold-silver mineralized vein in Indonesia. A zinger of a drilling result - wide with high-grade gold mineralization - propped up Southern Arc Minerals' theory that the Pelangan target on its West Lombok property in Indonesia may hold other bonanza-grade ore shoots.

Klondike Silver Corp. announced on Tuesday it has arranged for a private placement of up to 4,000,000 units for total proceeds of up to $1,000,000. Proceeds from the private placement will be used for exploration expenditures on the Company’s Yukon, British Columbia and Ontario mineral properties as well as for general working capital. Klondike Silver is a member of the Hughes Exploration Group of Companies.

The Rasp underground mine in the heart of one of Australia' most historic mining centres -- Broken Hill's Line of Lode -- should be operating by April next year. Development of the Rasp mine on Central Mining Lease 7 is in one of the most intensely worked areas between the Perilya Ltd North and South mining leases and it had a stop-start scenario with the big stall being when the zinc price crashed in during the global financial crisis.

Alto Group Holdings, a mining and commodities trade company headquartered in New York, announced on Monday the acquisition of the Great Excelsior Mine in Washington State. The Great Excelsior Mine, located in Washington State, was a gold-silver producer which was forced to close in 1918 due to falling metal prices and a shortage of supplies. This mining property has been explored by numerous mining companies over the years.

Bard Ventures Ltd. (TSX VENTURE:CBS)(FRANKFURT:BVU) is pleased to announce that the drill program on its Lone Pine Property has commenced. The property is located 15 kilometers north-northwest of Houston, BC and is situated in the Omineca Mining Division. The drill program is planned to further evaluate exceptional drill hole results received from all three zones on the property, being the Alaskite Zone, the Quartz Breccia Zone and the 61 Zone.

Fast-growing Danish jewellery maker Pandora (PNDORA.CO: Quote) missed forecasts with a 55 percent rise in first-quarter profit as price rises failed to […]

Assays in from one of two new diamond drill holes into the WKP West gold prospect on the Coromandel Peninsula on New Zealand's North Island has given further proof of a large epithermal system for Newmont Mining and boutique gold miner and active explorer Glass Earth Gold Ltd. Glass Earth Gold Ltd (TSX-V & NZAX: GEL) said that drill hole WKP 27 on the WKP West prospect had produced a 152.4 metre section grading 1.16 grams/tonne gold and 2.22 g/t silver, within which the best section of 1.4m went 30.7 g/t gold and 77.7 g/t silver.

In spite of declines in silver, gold and zinc production during the first quarter of the year, Pan American Silver said Wednesday management "continues to believe in the accuracy of its forecast 2011 production." Silver production for the first quarter was 5.3 million ounces, a 6% decrease below management's forecast "due primarily to throughput and grade challenges at Huaron, Morocochoa, San Vincente and Manantial Espejo during the quarter," PanAm said.

Levon Resources announced that it has today closed a previously announced financing pursuant to which the Company has issued 20,600,000 common shares at a price of $1.95 per share for gross proceeds of $40,170,000. The company intends to use the net proceeds of the Offering for continued exploration of the Cordero property located in Chihuahua, Mexico, and for working capital.