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The annual Florida United Numismatists (FUN) show wrapped up last week in Tampa, Florida with a solid – but not exceptional – turnout from collectors. Dealers, however, came out in full force looking to start the new year off on the right foot. Most of the booth holders we spoke with reported that the show went better than expected. Dealers admitted that they had been cautious with their expectations for the show due to concerns that the malaise of the final quarter of 2015 would spill over into the new year. Most, however, were pleasantly surprised with the level of [...]

Southern Silver Exploration Corp. (TSXV:SSV) announced that final assays from the 2015 core drilling program on the Cerro Las Minitas Project, Durango State, Mexico have been received with the results continuing to extend the projections of high-grade silver-polymetallic mineralization at both the Blind – El Sol zone and the recent discovery at the Mina La Bocona zone. As quoted in the press release: Semi-massive and massive sulphides were identified in the southeast extension of the Blind – El Sol zone in a thick (+30 metre) contact skarn on the margin of the Central Intrusion in a 2015 extension of drill hole [...]

On the heels of Monday\'s M&A in the gold space, Kootenay Silver (TSXV:KTN) and Northair Silver (TSXV:INM) said Wednesday that they\'ve executed a binding letter agreement under which Kootenay will acquire all of Northair\'s issued and outstanding common shares.  According to the companies, the combined entity will be "a leading Mexican silver exploration and development company and consolidator" whose assets will include Kootenay\'s Promontorio and La Negra projects, along with Northair\'s La Cigarra project. Notably, Promontorio has a NI 43-101 measured and indicated pit-constrained resource of 92 million silver equivalent ounces, plus a further 24.3 million silver equivalent ounces in [...]

John Hathaway, respected authority on the gold market and senior portfolio manager with Tocqueville Asset Management has written an excellent research paper on the fundamentals driving the gold market today. "An acute shortage of readily marketable physical gold is developing that we believe will deepen in years to come. This possibility seems to be unrecognized by those who are short the gold market through paper contracts. The relentless dumping of synthetic or paper gold contracts since 2011 by speculators in Western financial markets has caused the shortage. The steady selling has driven down the price of physical gold, hobbled the gold-mining [...]

Corvus Gold Inc. (TSX:KOR, OTCQX:CORVF) announced that its wholly owned Alaskan subsidiary, Raven Gold Alaska Inc., has signed an agreement with Gold Reserve Inc. for the sale of its LMS project in the Pogo Mining District, Alaska. As quoted in the press release: The project is being sold for cash and a retained net smelter return (“NSR”) royalty, with final closing pending TSX Venture Exchange approval. Cash from the transaction will be used to fund ongoing exploration and development of the North Bullfrog project in Nevada. The LMS royalty interest will augment those established in 2015 and continue to provide our [...]

Kootenay Silver Inc. (TSXV:KTN) and Northair Silver Corp. (TSXV:INM) announced the execution of a binding letter agreement under which Kootenay will acquire all of Northair\'s issued and outstanding common shares. According to the companies, the combination "will create a leading Mexican silver exploration and development company and consolidator," with assets including the Promontorio, La Negra and La Cigarra projects. As quoted in the press release: Under the terms of the Binding Letter Agreement, Northair shareholders will receive, for each common share of Northair held, 0.35 common shares of Kootenay, plus 0.15 of a warrant to purchase Kootenay common shares at [...]

Hecla Mining Co. (NYSE:HL) announced preliminary production results for Q4 2015, as well as the year as a whole, commenting that they exceeded its expectations. For the year, the company put out 11.6 million ounces of silver, a new record. In terms of gold, it produced 189,162 ounces. Other 2015 highlights include: 37.5 million silver equivalent ounces of production, a 9% increase over 2014 and 63% increase over 2013 levels, exceeding guidance of 35 million ounces.2 San Sebastian began producing silver and gold late in the fourth quarter. Phillips S. Baker Jr., president and CEO of Hecla, commented: Despite a [...]

American Eagle silver coin sales jumped on Monday after the U.S. Mint said it set the first weekly allocation of 2016 at 4 million ounces, roughly four times the amount rationed in the last five months of 2015, after a surge in demand.More than half of the week\'s allocation sold on Monday, the first day of 2016 sales, the mint said, a sign that demand remains strong as spot silver prices hovered above a 6-1/2-year low of $13.60 per ounce hit in December.The mint said nearly 2.76 million ounces of American Eagle silver bullion coins sold, about half of the [...]

American CuMo Mining Corporation (TSXV:MLY,OTCPINK:MLYCF) announced excellent positive results from utilizing Ore-Sorting technology on samples from its CuMo deposit located in Idaho. Preliminary results reported by Sacre-Davey Engineering clearly establish that mineralization at the CuMo deposit is amenable to significant upgrading using Ore-Sorting technology. As quoted in the press release: The CuMo deposit has long been recognized as a stockwork vein deposit, consisting of narrow veins containing molybdenum and/or copper mineralization, surrounded by discard/waste material. With this vein mineralization structure, excellent metallurgical recoveries can be achieved with the latest Ore-Sorting technology, even at lower-grade levels. CuMoCo is performing larger bulk tests [...]

Endeavour Silver Corp. (TSX:EDR,NYSE:EXK) announced its 2015 production results, commenting that its silver production was above guidance, while its gold output was in line with guidance. 2015 production highlights include: Silver production was flat year-on-year at 7,178,666 oz Gold production decreased 5% to 59,990 oz Silver equivalent production was 11.4 million oz (at a 70:1 silver: gold ratio) Silver ounces sold totalled 7,301,698 oz Gold ounces sold totalled 59,450 oz Bullion inventory at year-end included 121,913 oz silver and 317 oz gold Concentrate inventory at year-end included 72,583 oz silver and 967 oz gold Bradford Cooke, CEO and director of [...]