Month: April 2011

IMPACT Silver Corp. (“IMPACT” or the “Company”) announces that it has elected to accelerate the expiry date of the warrants (the “Warrants”) and the agent’s warrants (the “Agent’s Warrants”) issued on December 14, 2010 as part of its private placement unit offering (the “Private Placement”).

The Company is pleased to announce that it has completed the non-brokered private placement announced on March 31, 2011. The Company issued 11,093,750 units at $0.08 per unit generating gross proceeds of $887,500.

RTTNews) – Scorpio Mining Corp. (SPM.TO: News ) announced that Hemdat Sawh has been appointed as Chief Financial Officer or CFO effective May 1, 2011. Gilbert Comtois, the company’s current CFO will continue to serve as CFO for Scorpio Gold Corporation and will assist Sawh on an as needed basis.

Credit Suisse has kept a Neutral rating and $4.25 target price on Mercator Minerals Limited (ML.TO) after announcing on April 12 that it has entered into a friendly business combination agreement with Creston Moly Corp. (CMS.V), whereby ML will acquire each CMS share in exchange for 0.15 ML common shares, plus $0.08 in cash. At the time of the announcement, the transaction valued CMS at approximately C$195 million.

Shares of Gold Resource Co. (GORO) saw major gains on Thursday. The stock traded up $1.32 or 4.98% for the day and last traded at $27.82. Approximately 288,688 shares changed hands during mid-day trading.

NEW YORK (TheStreet) — Coeur D’Alene Mines Corporation (NYSE:CDE) is trading at unusually high volume Thursday with 14 million shares changing hands. It is currently at four times its average daily volume and trading down $2.35 (-7%) at $31.41 as of 3:06 p.m. ET.

Creston Moly Corp (CMS.V) has edged up and closer to a near 45 month high of 60 cents struck Tuesday after Mercator Minerals Ltd (ML.TO) said it had agreed to buy Creston Moly in a cash and stock deal valued at about $195 million. ML is also up 1 cent, at $3.37. More than 10.4 million CMS shares have traded.

Shares of Pan American Silver Corp (PAAS) saw major losses on Thursday. The stock traded down ($2.04) or 4.97% for the day and last traded at $39.04. Approximately 4,141,147 shares changed hands during mid-day trading.

Below are the top 10 fastest-growing Gold/Silver stocks, UPDATED TODAY before 4:30 AM ET, based on the average long-term earnings growth rate estimated by Wall Street analysts.

The stock of Cerro Resources NL (CVE:CJO, CJO message board), which enjoys a rather humble interest by investors on the Canadian Market, became finally in greater demand during the last sessions. By far, the peak in the recent trading activity was yesterday, when the turnover was seven times the average. The volume surge was perhaps driven by the announced yesterday estimates of resources and reserves contained on one of the company’s Mexican projects.