Spot silver closed down 0.41% at $31.95 per ounce on Wednesday, after hitting an intraday low of $31.59 per ounce. The decline followed a slight rise in U.S. Treasury yields, which exerted downward pressure on the precious metal. Silver prices had retreated after reaching a six-day high of $32.29 per ounce earlier in the session....
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IMPACT Silver has published its Management’s Discussion and Analysis (MD&A) for the three months ended March 31, 2024. This document, prepared as of May 27, 2024, should be read alongside the company’s annual audited consolidated financial statements for the year ended December 31, 2023, and the related notes. All figures are in Canadian dollars unless...
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Anglo Asian Mining, an established producer of gold, copper, and silver in Azerbaijan, has released its annual report for the year ending December 31, 2023. The company produced a total of 31,821 gold equivalent ounces (GEOs) during the year, a decrease from the 57,618 GEOs produced in 2022. Despite the lower production, the company remains...
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Gold and silver prices are higher, with silver showing significant gains in early U.S. trading Tuesday. Positive daily outside-market forces are supporting the bulls at the start of the U.S. trading week. The U.S. dollar index is lower, and crude oil prices are higher. June gold increased by $14.30 to $2,348.80, while July silver rose...
READ MOREGold Royalty has entered into a binding purchase and sale agreement with OMF Fund III (Cr), managed by Orion Mine Finance Management LP, to acquire a copper stream on the Vares Silver Project in Bosnia and Herzegovina. The project is operated by a subsidiary of Adriatic Metals. The transaction, valued at $50 million, includes $45...
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Spot silver prices experienced a significant surge of more than 4%, closing at $31.60 per ounce on Monday. This strong upward movement was highlighted in FXStreet analyst Christian Borjon Valencia’s latest article on the technical outlook for silver prices. According to Valencia, silver prices rebounded sharply from a low of $30.25/oz amid thin liquidity conditions....
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On Wednesday, May 22, spot silver prices plunged by nearly 3.7%, falling below the $31 per ounce mark. FXStreet analyst Christian Borjon Valencia highlighted the technical trend of silver prices, noting a significant decline influenced by hawkish Federal Reserve minutes. Silver prices dropped more than 3.50% after reaching a daily high of $32.19 per ounce,...
READ MOREGriffin Mining has announced a substantial increase in revenue for 2023, reporting $146.02 million compared to $94.4 million in 2022. The AIM-traded firm’s gross profit rose to $51.84 million from $38.25 million year-on-year, while earnings before depreciation, interest, and tax increased to $51.86 million, up from $35.22 million the previous year. Operating profit saw a...
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Silver One Resources has announced the discovery of new large silver vein fragments along the major east-west 417 vein structure, expanding the area of potential mineralization by over 600 meters to the west of the previously discovered 417-pound silver vein fragment. This fragment was estimated to contain over 70% silver. The newly found fragments include...
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Polymetals Resources has finalized revised agreements for the acquisition of the Endeavor Silver, Zinc, and Lead Mine from CBH Resources, a subsidiary of Toho Zinc. This development brings the mine closer to resuming production. Key aspects of the agreement include a deferment of the exchange of the Endeavor Mine Rehabilitation Bond for up to two...
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