Mining’s old guard needs strong medicine
A new report details subpar investor returns in the mining industry over the last decade, particularly big cap diversified companies which have not adapted to new realities.
VANCOUVER, BRITISH COLUMBIA–(Marketwire – Nov. 8, 2011) – United Silver Corp. (“USC” or the “Company”) (TSX:USC)(OTCQX:USCZF) announced today that the Company has decided that it will not be proceeding with its “marketed” offering of units of the Company, which was announced on September 1, 2011. Volatile capital markets made the offering pricing and terms less attractive than originally contemplated.
ABOUT UNITED SILVER CORP.
USC is a vertically integrated mining company with operations in Idaho, USA. The Company has earned, through development and operations, an 80% interest in the Crescent Silver Mine project 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 Company also offers a full suite of mining services including contract mining and mine machine repair and fabrication services to silver miners in the district. The Company’s common shares trade on the Toronto Stock Exchange under the symbol “USC”. For more information about the Company, please visit: www.unitedsilvercorp.com.
