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Gold futures rose slightly Wednesday, reversing earlier losses as the U.S. dollar fell against the euro after U.S. consumer prices data, boosting the precious metal’s appeal as an investment alternative.
The euro and the Japanese yen rose against the dollar after government data showed U.S. consumer prices fell in the past year at the sharpest pace [...]

Gold futures fell Friday, ending at their lowest level in more than three weeks as the U.S. dollar rose ahead of a meeting of Group of Eight finance ministers, reducing gold’s investment appeal.
Friday’s loss followed gold’s recent rallies that had pushed prices to the highest level in more than three months.
August gold fell [...]

ECU Silver Mining Inc (TSX: ECU) announced it has completed one full month of dore bar production at Velardena in Mexico’s Durango State.
In its first full month of operation within its oxide resource, ECU has produced 56 dore bars with a total weight of 1,135 kilograms. Assays of the bars show that they contain a [...]

Vancouver’s Silvercorp Metals Inc. (TSX:SVM) plans to make a takeover bid for Vancouver-headquartered Klondex Mines Ltd. (TSX:KDX) in a deal worth approximately $70 million.
Rui Feng, Silvercorp’s chairman and CEO, said the company was unsuccessful in completing a negotiated transaction with Klondex and decided to take its proposal directly to Klondex shareholders. “We believe our offer [...]

Metals futures beat a broad-based retreat on employment data, stronger dollar
Gold and silver futures fell sharply Friday as a better-than-expected U.S. employment report boosted hopes for an economic recovery and made precious metals a less attractive investment.
Nonfarm payroll fell 345,000 in May, the Labor Department reported, a drop that was much less than the [...]

Canadian Zinc Corporation (TSX:CZN)(OTCBB:CZICF) reports recent positive results from ongoing (Phase 5) metallurgical testing relating to its planned Prairie Creek zinc / lead / silver mine in the Northwest Territories of Canada.
In late 2008 a 530 kg representative rock sample of mineralized vein material was extracted from multiple headings within the underground workings at the [...]

An inferred resource of 2.9 billion pounds of copper and 51.5 million ounces of silver
Hana Mining Ltd. (”Hana Mining”) (TSX VENTURE:HMG)(FRANKFURT:4LH) is pleased to announce the completion of an independent National Instrument (”NI”) 43-101 compliant inferred resource estimate for its Ghanzi Copper-Silver deposit in Botswana. The estimate for the global resource is 2.9 billion pounds [...]

Zazu Metals Corporation (TSX:ZAZ) (”Zazu”) is in receipt of a current NI 43-101 resource estimate on the Lik zinc – lead – silver deposit, located 22km from the Red Dog zinc mine of Teck Cominco (”Teck”) in northwestern Alaska. This first time disclosure of a current mineral resource confirms Lik as one of the largest [...]

IMPACT Silver Corp. (”IMPACT” TSX.V – IPT) is pleased to announce record quarterly silver production of 229,710 ounces, up 7% from 213,876 ounces in the prior quarter (ending December 31, 2008). Gross revenues for the quarter were $1,457,000 down 34% from $2,221,000 in the prior quarter. Average mill throughput during the quarter was 329 tpd [...]

Gold futures rose Wednesday to the highest level in nearly two months, briefly topping $940 an ounce as the U.S. dollar dropped against the euro for a third straight session, increasing gold’s investment appeal.
Concerns over long-term inflation also helped gold move higher, as investors tend to buy the metal as a hedge against rising prices. [...]

Copper futures fell Thursday, briefly dropping below $2 a pound for the first time in two weeks, as a rise in U.S. jobless claims dampened hopes for an economic recovery.
Copper for July delivery dropped as much as 2.7% to $1.975 a pound on the Comex division of the New York Mercantile Exchange, moving below the [...]

Oroco Resource Corp. (TSX VENTURE:OCO) (”Oroco” or “the Company”) is pleased to announce (Monday) restated resource estimates on its 100% owned Cerro Prieto project as well as the results of preliminary metallurgical studies.
The Company previously released resource estimates (see January 27, 2009 News Release) based on gold equivalent cut offs which were calculated prior to [...]

Michelle Property expanded to cover new zinc discoveries 14 non-sulphide zinc showings confirmed over an 11-km long belt
Zinccorp Resources Inc. (TSX VENTURE:ZN) (the ‘Company’) is pleased to announce results from an exploratory diamond drilling program and an early-stage prospecting and sampling program at its wholly owned Michelle Property in central Yukon Territory.
The 23-hole exploratory drilling [...]

Silver futures rose marginally in early trade on the Multi Commodity Exchange (MCX) on Tuesday as traders and speculators enlarged their positions to meet the current marriage-season demand.
A pick-up in demand in view of the marriage season and increased offtake by industrial units also supported the uptrend.
At 1100 hrs on the MCX, silver [...]

Chile’s industrial production fell 7.1 percent in March compared with the same month of 2008, while industrial sales declined by 8.3 percent, the state-run National Statistics Institute, or INE, said on Thursday.
For the first quarter of 2009, industrial production fell 9.1 percent relative to the first three months of last year, the report said. The [...]

Diversified mining giant Grupo México experienced a 95.8% year-on-year drop in first quarter net earnings to US$19mn from US$453mn due mostly to low metals prices and unfavorable exchange rates.
In output, copper production fell 6.3% year-on-year to 119,772t in the first quarter, while molybdenum rose 3.4% to 4,056t, zinc increased 9.2% to 27,038t and silver [...]

West Perth-based Reed Resources has obtained an exclusive option to acquire a silver project and processing plant near Kalgoorlie from a private company for more than $2 million.
Reed has entered into a binding letter agreement with Polymetals Group Pty Ltd that gives Reed the exclusive option to acquire the Nimbus silver operation.
Under the [...]

ECU Silver Mining Inc. (TSX:ECU) is pleased to report that it has successfully poured its first gold/silver dore bars from the oxide mill that was recently acquired on March 9, 2009.
This is a remarkable achievement given the plant was acquired only six weeks ago. We poured a total of 20 bars with a combined weight [...]

The world’s biggest miner BHP Billiton Ltd’s production has declined in the third quarter as demand for minerals and petroleum fell on the slowing global economy.
BHP produced 87.4 million tonnes of iron ore in the three months to March, a one per cent decline from the corresponding period the year before, the Melbourne-based company said [...]

Gold futures ended Wednesday’s trading slightly higher as a cautious outlook from Intel Corp. hurt stocks and offset economic data that showed falling U.S. consumer prices.
The consumer prices index dampened inflation worries and reduced the precious metal’s appeal as protection against rising prices. But investors also watched the earnings outlook from Intel and gloomy quarterly [...]