Proactiveinvestors United Kingdom - Platinum & Precious Metals RSS feed Proactiveinvestors United Kingdom - Platinum & Precious Metals feed en Fri, 19 Jan 2018 09:41:46 +0000 Genera CMS Realm Resources Ltd tops ASX % Gainers intra-day Wednesday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume
Realm Resources Ltd RRP $0.018 350% 22,614,102
Australian Whisky Holdings Ltd AWY $0.002 100% 375,000
Black Ridge Mining NL BRD $0.002 100% 750,000
Legacy Iron Ore Ltd LCY $0.007 40% 68,264
Queensland Mining Corporation Ltd QMN $0.004 33.33% 754,867
Manas Resources Ltd MSR $0.004 33.33% 191,076,816
Ephraim Resources Ltd EPA $0.004 33.33% 449,093
Simonds Group Ltd SIO $0.380 31.04% 3,467,517
Tag Pacific Ltd TAG $0.051 27.5% 50,000
iSentric Ltd ICU $0.105 23.53% 86,851


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Wed, 31 Aug 2016 02:00:00 +0100
Realm Resources Ltd to reveal acquisition and financing Realm Resources Ltd (ASX:RRP) has been granted a trading halt by the ASX, pending details of an acquisition and financing.

The halt will remain in place until the opening of trade on Wednesday 31st August 2016, or earlier if an announcement is made to the market.


Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

Mon, 29 Aug 2016 06:00:00 +0100
Realm Resources Ltd tops ASX % Gainers intra-day Monday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume
Realm Resources Ltd RRP $0.002 100% 50,000
Superior Resources Ltd SPQ $0.017 54.55% 4,191,492
Hill End Gold Ltd HEG $0.003 50% 17,901
Gladiator Resources Ltd GLA $0.006 50% 1,210,144
Metals Australia Ltd MLS $0.003 50% 299,446
Echoice Ltd ECO $0.007 40% 875,254
Botswana Metals Ltd BML $0.004 33.33% 250,000
InvitroCue Ltd IVQ $0.091 30% 30,000
Reedy Lagoon Corporation Ltd RLC $0.009 28.57% 363,333
Gulf Manganese Corporation Ltd GMC $0.019 26.67% 135,409,311


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Mon, 08 Aug 2016 03:30:00 +0100
Realm Resources Ltd among ASX % Gainers intra-day Monday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume
Realm Resources Ltd RRP $0.003 200% 7,800,381
Red Mountain Mining Ltd RMX $0.002 100% 227,000
A-CAP Resources Ltd ACB $0.040 66.67% 7,460,365
Venturex Resources Ltd VXR $0.008 60% 3,781,304
De Grey Mining Ltd DEG $0.003 50% 2,748,990
Platina Resources Ltd PGM $0.057 39.02% 3,188,977
Gleneagle Gold Ltd GLN $0.009 28.57% 6,834,664
Hexagon Resources Ltd HXG $0.125 26.26% 3,906,749
Hawkley Oil And Gas Ltd HOG $0.005 25% 110,000
Botswana Metals Ltd BML $0.005 25% 12,582,508


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Mon, 30 May 2016 04:00:00 +0100
Silver Standard Resources Inc unveils C$337mln takeover of Claude Resources Inc Mon, 07 Mar 2016 15:38:00 +0000 Gold Standard lands C$16.1mln investment from Goldcorp Mon, 01 Feb 2016 15:28:00 +0000 Fortuna Silver rises on news of efficient progress at San Jose mine Wed, 16 Dec 2015 17:19:00 +0000 Great Panther Silver still a 'buy' for Gold Newsletter maven Wed, 25 Nov 2015 12:03:00 +0000 Gold Standard Ventures' latest hole could be game-changer Wed, 11 Nov 2015 18:17:00 +0000 Great Panther still a roaring buy, says Rodman & Renshaw Mon, 09 Nov 2015 20:06:00 +0000 Silver Wheaton ordered to pay C$353mln in back taxes Silver Wheaton (TSE:SLW) fell on Friday as the world’s largest precious-metals finance firm said it received reassessment notices from Canada's tax authorities, ordering the company to pay C$353mln in back taxes.

Shares were down 0.5% at C$16.57 at 12:42 p.m. in Toronto.

The Vancouver, British Columbia-based company said in a statement late Thursday that the notices are consistent with the proposal it had received in July from the revenue agency to tax about C$715mln of income earned by its foreign units between 2005 and 2010.

Silver Wheaton said it intends to file a notice of objection within the required 90 day period.

It will be required to make a deposit of C$177mln with the agency while it pursues a defense.

The company said earlier this week that any resolution is at least two years away.

Following the announcement, Dundee Capital Markets described the impact of the news as “slightly negative,” maintaining a “buy” rating on the stock with “high risk” and price target of C$26.00.


Fri, 25 Sep 2015 20:14:00 +0100
Great Panther Silver announces higher revenues and record production in the second quarter of 2015 Fri, 07 Aug 2015 20:40:00 +0100 Great Panther Quarterly Metal Production Exceeds One Million Silver Equivalent Ounces Wed, 15 Jul 2015 21:35:00 +0100 Great Panther Silver rated a “Buy” Wed, 15 Jul 2015 21:33:00 +0100 Great Panther Silver Increases Mineral Resources at its Topia mine in Mexico by Over 40% Thu, 09 Jul 2015 21:08:00 +0100 Great Panther Silver will drill 29,700 meters in 2015 at projects in Mexico and Peru Thu, 02 Jul 2015 21:11:00 +0100 Great Panther Silver opens higher after posting increased revenues and net income in first quarter Metal production increased 48% year-on-year thanks to better performance from both of the company’s wholly owned mining operations and despite lower metal prices.

Thu, 07 May 2015 17:58:00 +0100
Great Panther Silver produced 48% more metal in Q1 2015 At Guanajuato, which includes the San Ignacio satellite mine, ore processed increased 48% to a record 82,026 tonnes compared to the year-ago quarter. Silver grades improved 38%, helping the silver equivalent ounce total soar 74% to a record 713,371 ounces.

Thu, 16 Apr 2015 15:07:00 +0100
Great Panther to bolster its assets in Mexico and Canada

Great Panther Silver (TSE:GPR) (NYSEMKT:GPL) has entered into a definitive arrangement agreement that will see the junior silver producer add to its portfolio of Mexican exploration and production assets by acquiring all of the issued and outstanding common shares of Cangold (CVE:CLD).

Under the terms of the all-share deal, valued at approximately C$1.7 million, Cangold shareholders will receive 0.05 common shares of Great Panther for each Cangold common share. Great Panther will increase its issued and outstanding share count by 1.5% to complete the transaction, which must go through a plan of arrangement process in the Supreme Court of British Columbia.

Through the acquisition, Great Panther will gain an option to acquire more than 6,000 hectares of the advanced stage Guadalupe de los Reyes gold-silver Project in Mexico. Diamond drilling by Vista Gold Corp in 2012 showed that the project has bulk tonnage potential while also confirming the presence of high grade gold-silver mineralization originally exploited in the 18th and 19th centuries.

Cangold also owns the Plomo Gold Project in Mexico, as well as the past-producing Argosy Gold Mine in the Red Lake mining district of Ontario, Canada.

Great Panther has proven its expertise in taking exploration assets through to production in Mexico; last month the silver producer bolstered the mineral resource estimate at its new San Ignacio satellite mine, which forms part of its Guanajuato Mine Complex. It increased indicated resources by more than 30 percent, and more than doubled inferred resources.

For the year ending December 31, 2014, the company posted record production of 3.19 million silver equivalent ounces, a 12 percent rise from 2013. Great Panther’s balance sheet had cash and equivalents of C$18.0 million at year-end 2014, net working capital of C$32.9 million, and no debt.

Cangold will convene a special shareholders meeting on May 22 to vote on the acquisition. Its board of directors, based in part on the recommendation of a special committee created to review the arrangement agreement, has advised its shareholders to vote in favour. The deal was first announced by the companies on February 26, 2015, when they press-released a binding letter agreement covering the acquisition.




Tue, 14 Apr 2015 16:07:00 +0100
Avino Silver doubles silver equivalent output in Q1 Avino Silver & Gold Mines (CVE:ASM), a junior natural resource company, reported higher quarterly production from its from its Avino property near Durango, Mexico.

Silver equivalent production increased 101 percent to 652,620 ounces in the January-to-March quarter, compared to 323,898 ounces in the year-earlier period, the Vancouver, British Columbia-based company said in a statement today.

Silver production increased 56 percent to 363,210 ounces in the first quarter from 232,401 ounces a year earlier, while gold production increased 37 percent to 1,750 ounces.

Avino said that its copper production continued from start-up phase in late 2014 and 872,884 pounds were processed.

"Avino is pleased to report record quarterly production as a result of the successful reopening of the historic Avino mine and commissioning of the new 1,000 TPD Mill Circuit 3; operating performance during the quarter was in-line with management's expectations,” chief executive officer David Wolfin said in the statement.

"Our current focus is to optimize the performance of Mill Circuit 3 and add to our growing underground mining fleet. A new jumbo and grader are expected in the second half of this year, and further improvements in efficiency are anticipated," he added.

On January 1, 2015, Avino's recently completed Mill Circuit 3 transitioned to processing new material taken from underground at the Avino Mine.

Shares closed down 1.2 percent to C$1.69 in Toronto on Friday, leaving the company with a market value of C$60.1 million.


Mon, 13 Apr 2015 14:50:00 +0100
First Majestic's price target lowered on reduced mine lives First Majestic Silver (TSE:FR) had its price target lowered Thursday by Dundee Capital Markets, which cited the company's updates reserves that increased grades but decreased mine life. 

Dundee analyst Matthew O'Keefe, in a note released earlier today, said reserve grades increased 21 percent, which should benefit near-term cash flow, but tonnage decreased 30 percent, which "substantially shortens mine lives". 

"Our 2015 estimates remain unchanged; we continue to expect First Majestic to generate positive free cash flow as Del Toro ramps up and costs begin to fall to a more stable range," O'Keefe wrote.

First Majestic is a primary silver producer with five mines in Mexico.

The company reported updated reserves as of year-end 2014, including some 44,000 metres of drilling completed last year. Overall silver and silver equivalent was down 16 percent and 19 percent, respectively, when excluding the addition of La Guitarra to reserves. 

Dundee said that resources also declined around 30 percent, impacted by revised standards, as resources are now reported inclusive of reserves and at different cutoffs.

The companynoted that resources were also impacted by the recently revised CIM Definition Standard for mineral resources and reserves, which should increase confidence at lower silver prices.

Prices for silver and gold were lower for both reserves and resources in 2014 when compared to 2013.

"After updating our estimates to reflect the new reserves and resources our mine lives now sit at 7 years for La Encantada (unchanged), 13 years for La Parrilla (was 17), 13 years for San Martin (was 22) and 9 years for Del Torro (was 12)," said Dundee's O'Keefe.

"As a result, our NAVPS decreases 28% at our price deck to C$2.88," he added, lowering Dundee's price target on First Majestic to C$8.25 from C$9.00 previously.

The analyst reiterated the company's "buy" rating, noting the improved reserve grades which are expected to benefit the silver miner in the short term.  Dundee estimates the company will increase operating cash flow to $140 million in 2016 and $169 million in 2017, up from $59 million this year.

First Majestic has plans to drill another 50,000 metres in 2015, which should replace depletion at its Mexico mines. Shares were down 1.6 percent at C$6.85 in Toronto on Thursday.

Thu, 02 Apr 2015 16:36:00 +0100
Silver Wheaton reports lower Q4 earnings, but shares move up

Silver Wheaton Corp. (TSE:SLW)(NYSE:SLW), the world’s largest precious-metals finance firm, was trading higher at midday Thursday, despite reporting 45 percent lower fourth quarter earnings.

Shares of Silver Wheaton rose 2.84 percent to C$19.55 at 12.30 pm in Toronto, which is closer to the 52-week low of C$16.57 set last November than the 52-week high of C$27.66 set in July 2014.

Shares of Silver Wheaton have been dropping sharply over the past three months, due to a combination of weak silver prices and share dilution, but started to rebound this week.

After market close on March 18, the Vancouver-based Silver Wheaton reported that net income decreased to $52 million, or $0.14 per share, in the September-to-December period, from $93.9 million, or $0.26 per share, a year earlier.

Revenue decreased 16 percent to $140.4 million in the fourth quarter from $167.4 million in the prior year period. 

These numbers were below analysts' estimates of $0.16 in earnings per share and $165.8 million revenue.

Average realized sale price per silver equiValent ounce sold in the fourth quarter of 2014 was $16.43, down 22 percent year over year.

Attributable silver equiValent production was 9.0 million oz., down 8 percent from 9.7 million ounces a year earlier. Sales volume rose 7 percent to 8.5 million ounces.

Silver Wheaton recently acquired a 25% stake (for US$900 million) in the gold stream produced by Vale SA at the Salobo copper mine in Brazil. It also diluted its stock by issuing US$800 million in new shares in a bought deal in order to pay for the asset.

Silver Wheaton is not a mining company, and as such, faces a different set of risks. In other words, the company can still turn a profit in a weak precious metals market because it is in the business of buying and selling metal streams, rather than producing gold and silver itself.


Thu, 19 Mar 2015 17:04:00 +0000
Great Panther posts strong operating results despite rough metal price declines Despite a difficult start to the year, Great Panther Silver (TSE:GPR) (NYSE MKT:GPL) reported a strong finish in 2014, reflecting the start of production at the company's San Ignacio satellite mine in Mexico as well as new high grade discoveries.

Thu, 05 Mar 2015 13:16:00 +0000
Silver Wheaton acquires new gold stream stake in Vale mine for $900mln Silver Wheaton (TSE:SLW), the world’s largest precious-metals finance firm, agreed to buy $900 million worth of gold from a Vale SA mine in Brazil, expanding a supply agreement signed two years ago.

It will buy an additional 25 percent of the production from Vale’s Salobo mine in northern Brazil, bringing the total to 50 percent, Vancouver, British Columbia-based Silver Wheaton said in a statement late yesterday. 

The royalty company, which resells precious metals bought from mining companies, will also make ongoing payments to Rio de Janeiro-based Vale of $400 an ounce or the prevailing gold price, whichever is lower.

Silver Wheaton typically offers upfront payments to help mining companies fund their operations in exchange for a discount on future silver and gold output. Expanding an agreement initially signed with Vale in February 2013 will increase the firm’s gold production by 70,000 ounces a year for the first 10 years, the company said.

Gold is currently trading at about $1,206 per ounce.

“The Salobo mine is one of Silver Wheaton’s cornerstone assets and we are fortunate to have the opportunity to double our gold production from this high-quality mine,” Silver Wheaton chief executive officer Randy Smallwood said in the statement.

“Salobo is certainly one of the best assets we have ever seen and one that readily lends itself to streaming.”

In a separate statement, Silver Wheaton said it agreed to sell about $800 million of stock to fund its purchase of the additional supply of gold from the Vale mine.

The $20.55-a-share stock sale, a so-called bought deal, is being fully underwritten by a group of banks led by Scotiabank, the company said.

The share offering will close on March 17.

Silver Wheaton’s shares fell 5.5 percent to C$25.15 at 10:03 a.m. in Toronto, expanding losses over the past year to 11.2 percent.

Tue, 03 Mar 2015 14:24:00 +0000
SilverCrest says president and COO to take medical leave, expected to return as new CEO SilverCrest Mines (TSE:SVL) (NYSE MKT:SVLC) said its president and chief operating officer, N. Eric Fier, who is eventually supposed to succeed the current CEO, will take a partial leave of absence for personal health reasons, the company said today.

Director Dunham L. Craig will take on Fier's role as president in the interim, and Fier will remain COO until he is able to return to his duties on a full time basis. 

The company said that in Fier's absence, it will rely on the experience of management. 

Fier is pegged to replace current chief executive officer J. Scott Drever when he retires later this year, which is now expected to coincide with Fier's return to the workplace.

"Eric will need time away from his full slate of corporate responsibilities to recuperate from certain required medical procedures," said Drever in a statement announcing the management moves.

"Eric is a key member of the SilverCrest team and the Board of Directors. All his colleagues and company employees wish him a speedy recovery so that he may continue his extraordinary contributions to the growth and continued success of SilverCrest."

SilverCrest said that it has already started the search for a new full time president in anticipation of Fier's return to the company as the new CEO.

In the meantime, Craig, with more than 26 years of professional mining experience, will take over as president. He has worked in Canada, Central America and Mexico, with groups such as Wheaton River Minerals and Glencairn Gold.

Last month, SilverCrest posted 2014 production of 2.81 million ounces, six percent higher compared to 2013, with pure silver production jumping 49 percent to 1.16 millon ounces. 

The precious metals miner last year transitioned its Santa Elena mine from an open pit heap leach operation to an underground mine and mill, but encountered some hiccups along the way. The new 3,000 tpd mill was commissioned last August, generating 526,525 tonnes during 7 months of production. 

SilverCrest is projecting production of 4.0 to 4.4 million ounces of silver equivalent this year, with pure silver output alone expected to range between 1.6 to 1.8 million ounces. 

Fri, 27 Feb 2015 16:59:00 +0000
Great Panther snaps up Cangold to bolster asset base in Mexico Great Panther Silver (TSE:GPR)(NYSE MKT:GPL) has agreed to buy Cangold Limited (CVE:CLD) in a C$1.7 million all-share deal, which will expand the precious metal producer's asset base in Mexico, and add a new project in Canada's Red Lake district.

Thu, 26 Feb 2015 14:18:00 +0000
Great Panther Silver's San Ignacio mine represents significant part of future production growth, says H.C. Wainwright Great Panther Silver (NYSEMKT:GPL) (TSE:GPR) had its buy rating and $1.10 price target reiterated by analysts at H.C. Wainwright (HCW) on the back of a marked increase in the overall resource base at its Guanajuato mine complex in Mexico, sparked by the company's new San Ignacio mine.

Tue, 24 Feb 2015 18:25:00 +0000
Great Panther boosts resources sharply at San Ignacio, with further upside ahead The newest resource report includes the most recent drill results at San Ignacio, and the discovery of new high grade, silver-gold mineralization to the south of the 2014 mining area, according to the Vancouver, B.C.-based company's statement.

Mon, 23 Feb 2015 16:03:00 +0000
MAG Silver gets hike in target price from H.C. Wainwright MAG Silver's (TSE:MAG) (NYSE MKT:MVG) price target was increased by analysts at H.C. Wainwright (HCW), which cited recent construction progress at the company's Juanicipio operations in Mexico.

HCW attended the MAG Silver analyst site visit on February 18, which was attended by nine analysts in total, the broker said.

Analyst Heiko Ihle said the company is hoping to advance its decline by 100 metres a month beginning in March, comparing favourably with 45 metres in October 2014 and 90 metres per month from November 2014 through January 2015.

He also noted that the drift has already reach a vertical depth of 110 metres, and that the site currently hosts 20 workers underground on a given day.

Relations with partner Fresnillo remain solid, the analyst wrote, saying "Fresnillo continued its substantial investment surrounding the town of a similar name, located around Juanicipio. 

"The firm just finished its $240 million investment into its Saucito Mine during 4Q14. This area is located in very close proximity to MAG's asset."

"We continue to believe that a partnership with Fresnillo, who is a large operator and should provide MAG with various economies of scale, to be a positive for further construction of Juanicipio."

MAG's management stood by its guidance for a 2017-2018 production start up at the site, implying a 2017 commercial mining start-up followed by a ramp up that sees 2018 as the first full year of production.

HCW reiterated its buy recommendation on MAG, while increasing its price target to $9.40 from $8.40 previously. The valuation is based on direct cash flow of anticipated operations at Juanicipio, using a long-term silver price of $17.50 per ounce.

The firm increased its net asset value multiple on the asset, it said.

Fri, 20 Feb 2015 16:48:00 +0000
SilverCrest unveils new discovery at El Durazno target near Santa Elena SilverCrest Mines (TSE:SVL) (NYSE MKT:SVLC) has announced a new discovery at its El Durazno target, the first of several to be identified by surface work at the Ermintano I concession in Mexico.

The company revealed initial results of exploration drilling, highlighted by holes including 19.5 metres of 0.61 grams per tonne (g/t) gold and 4.1 g/t silver, including 3.0 metres of 1.17 g/t gold and 7.1 g/t silver.

It also intercepted 4.6 metres of 2.1 g/t gold and 35.5 g/t silver. SilverCrest said nine shallow holes, for a total of 2,650 metres were completed, with the aim of testing surface mineralization for potential open pit targets.

"This is the first known exploration drilling within the Ermitano concessions," said president and COO N. Eric Fier, in a statement.

"This drilling has resulted in the discovery of near surface gold and silver mineralization at El Durazno which we believe confirms a potential low grade oxide open pit target. Since it is adjacent to the company's Santa Elena facilities which includes leach pad capacity, small lower grade discoveries can potentially become economic deposits."

The company said it is expecting to carry out additional exploration this year at El Durazno, while advancing work in nearby target areas within the Ermitano and Cumobabi concessions.

"We are confident that further attractive targets will be discovered within this developing regional trend," Fier added.

The Ermitano I and II concessions are located within an 8 kilometre radius of the company's low cost high-grade epithermal silver and gold producing Santa Elena Mine.

The Cumobabi concession was recently purchased from Evrim Resources, and is made up of 25,221 hectares next to Ermitano. 

Thu, 19 Feb 2015 15:10:00 +0000
El Tigre Silver Corp. interview with CEO Stuart Ross CVE:ELS)(OTCQX:EGRTF)(Frankfurt & Stuttgart:5RT) President and CEO, Stuart Ross, discusses with Proactive Investors El Tigre’s recent developments & upcoming catalysts. El Tigre Silver currently owns 100% of 9 mining concessions, 8 comprising 21,500 hectares (215 square kilometres) located in the Sierra El Tigre, northeastern Sonora State in Mexico. El Tigre currently has 55,697,109 shares outstanding and 71,558,609 shares fully diluted. El Tigre’s business plan has two key components. The first is to continue toward the development of a production facility to recover silver and gold from a large tailings pile resulting from 35 years of production at the original El Tigre mine, and the second is to reinvest the revenue from the processing of the tailings towards the exploration and development of the in-situ mineral resource and the historical waste dumps. ]]> Mon, 03 Feb 2014 20:45:00 +0000 SilverCrest Mines 'ready to weather the economic storm' CVE:SVL), tells Proactive Investors that, as a low-cost producer, the company is in good shape to weather the storm until the markets turn. He also talks about expansion plans for Mexico's Santa Elena mine as well as the new reserve and resource estimates at the site, which are due in early April.]]> Wed, 13 Mar 2013 14:29:00 +0000 Great Panther Silver - growing a company from cash flow Wed, 10 Oct 2012 13:15:00 +0100 Larry Page, President & Director of Southern Silver Exploration, talks about drills turning on all four projects in Mexico and the USA Thu, 18 Aug 2011 08:53:00 +0100 Kootenay Gold Audio Interview with Jim McDonald Tue, 24 Feb 2009 04:00:00 +0000