Silver – Mining Weekly reported that Coeur d'Alene Mines Corp announced an 84 percent drop in quarterly profits, blaming lower silver prices and lower production.
Articles Tagged "Coeur d’Alene Mines Corp."
Silver – Reuters reported that Coeur d'Alene Mines Corp has offered to buy Orko Silver Corp, stepping in front of First Majestic Silver, and vying for control of one of the world's largest silver deposits.
Gold – Marking a break from established policy, the Chilean government considered a proposal to increase the mining royalty tax, the proceeds from which would be used to aid in earthquake reconstruction. Last month, the Senate rejected the mining tax changes, leaving it up to a joint committee which also failed to reach an agreement on July 7, to proposed changes, forcing the government to seek alternative financing sources for earthquake reconstruction.
Silver Investing News reports silver price soaring with Feds’ recent announcement on policy easing measures. After taking a dive earlier this week as confidence rushed into the equities market, the silver price rallied to a three-week high, up 12.7 per cent to $13.44/oz on the COMEX on Thursday morning, out-performing gold. For full details of the [...]