Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (10482)	12/6/2014 9:40:47 AM
From: Goose94	Respond to of 203330

Silver prices are at rock-bottom Silver prices are at rock-bottom and producers of the precious metal will be forced to close mines if they don’t rise. For Silver Wheaton Corp. it’s a great time to do deals. “We are at, or very near, a bottom,” said Gary Brown, chief financial officer at Silver Wheaton, the largest precious- metals mine-financing company. “If prices don’t rise from here, you’re going to see a significant supply side reaction.” Silver is heading for a second-straight annual drop and tumbled to the lowest in more than five years on Dec. 1. The precious metal currently sells for $16.59 an ounce compared with more than $49 in 2011. That’s putting a squeeze on producers whose costs exceed the current price. Silver output from mines will total 867.7 million ounces this year, according to the Silver Institute. About 30 percent comes from primary operations, while the rest is produced as a by-product from mining metals such as copper, lead and zinc. About 50 percent of primary silver mines don’t make a profit at $19 an ounce, $2.50 more than the current price, according to Brown. “If it maintains, even at $19 ounce, you could see a significant supply-side reaction, 125 million ounces of silver being shut down,” the CFO said. “There hasn’t been a mass shutdown of silver mines and that’s largely because theses guys are keeping the lights on. You can only do that for so long.” Opportunity SeenSilver Wheaton, based in Vancouver, makes upfront payments to miners in exchange for a discount on their future silver and gold output. As metal prices fall, Silver Wheaton sees plenty of opportunity. Mining companies, who are struggling to raise money as their share prices fall and banks are wary of lending, have sought out less conventional sources of capital, such as the so- called streaming transactions pioneered by Silver Wheaton. “It’s a very sweet spot,” Brown said. “It’s very conducive right now for us to layer in more transactions.” The current environment “makes us one of the only forms of capital that’s available to the entire space,” he said. Silver Wheaton has about $230 million in cash and a $1 billion revolving-credit facility to help do deals. It would also look to tap shareholders. “If we were to consummate a significant transaction in the near future we would likely look to couple that with a capital raise,” Brown said. “We’re very hopeful that 2015 will be a banner year” for deals, he said.

To: Goose94 who wrote (10482)	12/8/2014 9:30:08 AM
From: Goose94	Read Replies (2) \| Respond to of 203330

Kootenay Silver (KTN-V) Dec 8, '14 is pleased to announce that it has retained the services of Mr. Hans Smit, P.Geo to assist in the upcoming development of the Company's new La Negra Breccia Silver Discovery, situated approximately 6.5 kilometers north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico. The immediate objective is to quickly advance the La Negra discovery to a resource calculation on completion of a second drill program anticipated to begin early in the New Year. States Kootenay President and CEO James McDonald "We are very pleased to welcome Mr. Hans Smit's assistance to the Kootenay technical team. His experience is a key and timely development for the Company as we move towards a maiden NI 43-101 resource calculation on La Negra. Mr. Smit brings Kootenay a wealth of experience developing precious metal resources throughout the North American Cordilleran and we look forward to working with him in the upcoming development of our new La Negra Silver discovery in Sonora, Mexico." Hans Q. Smit, P.Geo. Mr. Smit is a professional geologist with 30 years experience in all aspects of mineral exploration. Mr. Smit has managed major exploration programs in northern British Columbia, the Yukon Territory, Alaska and Sonora, Mexico. He specializes in guiding advanced exploration projects through resource estimations, economic evaluations and permitting. As former VP Exploration for Grayd Resource Corp., Mr. Smit played an instrumental role in the discovery and advancement of the La India project in Sonora, Mexico from a grassroots discovery to a project with a 1.2 million gold ounce resource and a positive Preliminary Economic Assessment. Grayd was subsequently bought in 2011 by Toronto-based Agnico-Eagle Mines Ltd. in a $275 million transaction and La India brought into commercial production in 2014. La Negra Silver Discovery The La Negra Breccia prospect is situated approx. 6.5 kms north of Kootenay's flagship Promontorio Silver Resource in Sonora, Mexico and is contained within a 25 x 15 km mineralized corridor, the 'Promontorio Mineral Belt.' The current Phase I drill program on La Negra follows a highly successful trenching and surface sampling program that confirmed widespread silver mineralization exists over a large 100 to 200 meters by 500 meters area on surface. (See news releases from May 28th and June 5th, 2014 for more details). Recently released drill results at La Negra returned significant intervals and high grades of widespread silver mineralization extending from surface to depth, confirming a substantial new silver discovery. (See news releases, 'Drill Results' Oct. 15, 2014, Nov. 26, 2014 and Dec 3, 2014 for more details). To view full results of sampling and drill program visit: www.kootenaysilver.com The foregoing geological disclosure has been reviewed and verified by Kootenay's CEO, James McDonald, P.Geo (a qualified person for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects). Mr. McDonald is a director of Kootenay. ABOUT KOOTENAY Kootenay Silver Inc. is actively developing mineral projects in the Sierra Madre Region of Mexico and in British Columbia, Canada. Its flagship property is the former producing Promontorio Silver mine in Sonora State, Mexico. Kootenay's objective is to develop near term discoveries and long-term sustainable growth. Its management and technical team are proven professionals with extensive international experience in all aspects of mineral exploration, operations and venture capital markets. Multiple, ongoing J/V partnerships in Mexico and Canada maximize potential for additional, new discoveries while maintaining minimal share dilution. For further information: James McDonald, CEO and President 403-238-6986 Ken Berry, Chairman 604-601-5652, 1-888-601-5650 visit:www.kootenaysilver.com