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Canadian wins right to sue Silvercorp over ‘false imprisonment’ in China

A Canadian man who spent years behind bars in China has won the right to sue Vancouver-based Silvercorp Metals (TSE, NYSE:SVM) for allegedly conspiring with Chinese authorities to have him arrested and detained. The B.C. Supreme Court, Canadian Press reports, rejected a bid by the miner to have Kun Huang’s allegations

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Agnico Eagle acquires Mexico-focused silver explorer

Investors in Soltoro Ltd., (TSXV:SOL) a small-cap explorer focused in Mexico, were awarded handsomely on Friday after an announced take-over by Canadian gold producer Agnico Eagle Mines Ltd. (NYSE, TSX:AEM). Shares in Soltoro rocketed 40.48 percent to 28.5 cents a share on the Toronto Venture Exchange, upon the news that

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Silver price advances ahead of Federal Reserve minutes

The price of silver has advanced so far in today’s Asian session. The precious metals complex continued to find some tailwind as speculation that US central bank officials could delay a hike in interest rates continued to grow. Silver for immediate delivery had gained over three cents, or 0.3 percent,

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Silver ETFs on track to outshine peers in 1Q15

Silver-backed exchange-traded funds (ETFs) are on track to close a successful first quarter of 2015, as precious metals in general suffer from the effects of a stronger dollar. However, silver ETFs are still well in the red on an annual basis and with the Federal Reserve on track to hike

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Hecla grabs Montana silver-copper deposit through $20 million merger

Hecla Mining (NYSE:HL) has expanded its operations in the western United States with the purchase on Friday of Revett Minerals (TSX:RVM) in an all-stock deal worth $20 million. Hecla, the largest silver producer in the United States with the Greens Creek project in Alaska, the Lucky Friday Mine in Idaho

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Santacruz Silver Resumes Operations at Rosario Mine

Santacruz Silver Mining (TSXV:SCZ) is back in business after officially announcing that it’s received approval from Mexican environmental regulatory authorities PROFEPA and SEMARNAT to resume operations at its Rosario mine. The company was forced to shut down the mine in January after a pipeline connecting the tailings impoundment to a secondary

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Silver Price Reliance During U.S. Dollar Rally

Silver showed impressive resilience on the latest dollar rally, refusing to break to new lows, and with the dollar signaling that its huge rally is burning out, and gold’s COTs now strongly bullish, the outlook for silver is suddenly a lot better. While the bearish scenario painted in the last

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Colorado Springs company expands mining operation in search for gold, silver

Gold Resource Corp. announced Wednesday it has begun exploratory drilling at the Radar gold mining property it has leased in west central Nevada in hopes of discovering gold and silver deposits similar to a nearby mine that produced 1.53 million ounces of gold in 1986-93. The Colorado Springs-based company, which

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Kidnapped Goldcorp miners found dead in Mexico

Three of the four Goldcorp (TSX:G), (NYSE:GG) employees believed to have been abducted last week have been found dead in southwestern Mexico’s Guerrero state, the same area where 43 teachers were kidnapped and massacred last year. Family members told Reuters the corpses were found on Friday in a mass grave.

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Silver price trades near weakest level since start of year

The price of silver has been trading near its lowest level since the beginning of the year following a slump during the previous session. Precious metals have fallen under heavy downward pressure as the US dollar traded near its highest level in 11 years following Friday’s strong US jobs report

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4 Precious Metal ETFs to Fight Inflation

The European Central Bank and the Bank of Japan are fighting hard against deflation and this will eventually have an impact on the global economy. Furthermore, underemployment in the United States has been a problem. As consumers earn less money, they logically spend less. This, in turn, leads to decreased

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Silver Price Depressing Downtrend Will Eventually End

Following the recent explosion in Commercial short and Large Spec long positions in silver, followed by a breakdown below the neckline of a potential Head-and-Shoulders bottom, the outlook for silver is bearish, with the metal stuck in a stubborn downtrend. On its 6-month chart we can see how its advance

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Gold, silver drop on bets euro zone will muddle through

Gold and silver fell to six-week lows, while platinum fell to the lowest since 2009, on signs that Greek banks will continue to get emergency funding despite a breakdown in debt talks between their government and euro zone partners. A person familiar with the matter told Reuters the European Central

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Silver price advances for third day as EU meets over Greece

The price of silver has extended its rally to a third straight session so far today. Demand for a safe haven against uncertainty, as well as a decline in the US dollar, have supported precious metal prices. Silver for immediate delivery had gained 0.15 percent, or about three cents, to

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Yamana Gold to build gold-silver mine in Argentina

Yamana Gold Inc will go ahead with the construction of a mine at its Cerro Moro gold and silver project in Argentina, the Toronto-based gold miner said on Wednesday. The cost to build and sustain the mine is expected to be $398 million, Yamana said in a statement. Production is

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