Day: April 7, 2011

NEW YORK (TheStreet) — Silver Standard Resources (Nasdaq:SSRI) hit a new 52-week high Thursday as it traded at $34.72 compared with its previous 52-Week high of $34.61. Silver Standard is changing hands at $34.27 with 353,136 shares traded as of 10:37 a.m. ET. Average volume has been 1.4 million shares over the past 30 days.

Newmont Mining Corporation (NYSE: NEM) will discuss today at its annual Investor Day conference the comprehensive plan for the development of its current global portfolio of assets that would increase annual gold production to approximately 7 million ounces by 2017. This production target represents a potential aggregate increase of approximately 35% in anticipated 2017 annual production from the Company’s previously announced 2011 attributable gold production outlook of 5.1 to 5.3 million ounces. The Company also announced a new dividend policy that will link its quarterly dividend payment to Newmont’s average realized price of gold sales.

Prospero Silver Corp. is pleased to announce that it has engaged Contact Financial Corp. to assist the Company with the development and execution of a comprehensive investor relations program.

First Majestic Silver Corp. (“First Majestic” or the “Company”) is pleased to announce that production in the first quarter of 2011 reached 1,825,366 equivalent ounces of silver, representing a 13% increase over the 1,619,403 equivalent ounces of silver produced in the first quarter of 2010. Production during the quarter consisted of 1,769,209 ounces of silver, making First Majestic’s first quarter production 97% pure silver, the highest in the silver mining industry.