Category: Investor’s Corner

Shares in Endeavour Silver drop on lower reserves

Endeavour’s shares have dropped after reporting a decrease of 19% in proven and probable reserves for a total of 13.4 M oz silver between the company’s two Mexican mines, Guanacevi and Guanajuato. However, the indicated silver resources were up 16% at 27.4 million oz and indicated gold resources were up 53% at 182,000 oz. It will be critical to Endeavour’s success to extend the mine lives by replacing the mined ore with more proven reserves, hence Endeavour plans to spend $9.2 million on exploration and drilling in Mexico this year while simultaneously increasing production rates at the two mines.

Slide in mining stocks pulls TSX down

The Toronto stock market was negative Wednesday as worries about how rising energy costs will affect the global economy punished mining stocks while crude oil prices again headed higher.

Argentum Grants Stock Options

Argentum Silver Corp. (TSX VENTURE:ASL) (“Argentum” or the “Company”) announces the grant of incentive stock options to certain directors, officers and consultants of the Company to purchase up to 600,000 common shares in the capital stock of the Company pursuant to an approved share option plan. The options are exercisable at a price of $0.31 per share on or before March 7, 2016, subject to the approval of the TSX Venture Exchange.

Southern Copper Corporation Among Most Active US Stocks

Southern Copper Corporation (USA) (NYSE:SCCO) ended at $40.73. Southern Copper Corporation is an integrated copper producer.

The stock has average daily volume of 1.86 million shares. At Today’s closing market price, the market capitalization of the company stands at $34.62 billion.

All News