Silver play Investigator Resources taps investors
ASX-listed Investigator Resources has capitalised on strong demand for silver stocks, raising $5.4 million in an institutional placement through PAC Partners on Friday.
ASX-listed Investigator Resources has capitalised on strong demand for silver stocks, raising $5.4 million in an institutional placement through PAC Partners on Friday.
Silver vaulted above $21 for the first time in two years and gold advanced for a fourth day.
Bell Potter Securities has raised $35 million for Silver Mines Limited, Australia's only silver explorer of size, from local and United Kingdom-based fund managers.
For all the talk about a collapse in commodities, investors are close to making the biggest bet ever on silver.
Broken Hill has turned on its desalination plant to keep water flowing as the Menindee Lakes, three times as big as Sydney Harbour, run dry.
After capping the worst stretch of losses ever, silver prices slipped again, with still more losses forecast.
Glencore said profit from trading commodities rebounded, putting the miner on course to hit its full-year earnings target for the division as it weathers a rout in prices.
Demand for silver coins and bullion bars in Australia have gone through the roof, not only because of increasing demand for precious metals but also because of new product launches by the Perth Mint.
BHP Billiton's spin-off South32 has raised the mineral resources estimate for its Cannington silver and lead mine by 21 per cent.
PanAust has demonstrated strong performance less than one week after telling its suitor to lift its offer price, lifting its gold and silver...
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