Invest like a fund manager: tips from the Silver Summit
The Gold Report hosted a standing-room-only fund manager panel at the Silver Summit in San Francisco featuring insights from three very different points of view.
Endeavour Silver Corp's first-quarter revenue nearly doubled as production rose and bullion prices climbed sharply.
For the quarter, revenue was $35.4 million, compared with $18.2 million last year.
Azure Minerals, a Mexico-focused precious and base metals explorer, said today it has entered into an agreement to form a joint venture with a Japanese state-owned corporation to explore the El Tecolote Project in Sonora, Mexico.
According to the press release, Japan, Oil, Gas and Metals National Corporation (JOGMEC), a Japanese state-owned entity, will spend $US5 million over three years, in order to earn a 51% interest in El Tecolote. The company can earn another 19% stake by spending a further $8 million, which would take its total equity in the project to 70%.
Compania de Minas Buenaventura S.A.A. (“the Company” or “Buenaventura”) (NYSE: BVN; Lima Stock Exchange: BUE.LM), Peru’s largest publicly-traded precious metals mining company […]
GFMS Executive Chairman Philip Klapwijk isn't big on publishing prognostications for the research group's World Silver Survey 2011 report produced for Washington's Silver Institute.
After some prodding by Mineweb, Klapwijk said he expect silver prices to remain in the "top $20s" this year.
International Minerals Corporation (TSX: IMZ) (SWISS: IMZ) reports updated mineral reserve and resource estimates for the Pallancata silver mine, Peru, jointly owned by IMZ (40% interest) and Hochschild Mining plc ("Hochschild", 60% interest) based on information supplied by Hochschild, the mine operator, as of December 31, 2010.
Arian Silver Corporation (TSXV: AGQ) (AIM:AGQ) (FRANKFURT: I3A), a silver exploration, development and production company with a focus on projects in the silver belt of Mexico, is pleased to report assay results from a further 11 holes recently drilled at its 100%-owned San Jose Property in Zacatecas State, Mexico.
Speculators in gold and copper futures and options raised their net long positions in the week ended March 29, while they trimmed bullish bets in the silver market, according to the latest report by the U.S. Commodity Futures Trading Commission.