U.S. Silver announced today that ISS Proxy Advisory Services and Glass Lewis & have each published a report recommending that their clients vote IN FAVOUR of the combination transaction with RX Gold & Silver at U.S. Silver's upcoming shareholders' meeting scheduled to be held on Tuesday, August, 7, 2012 at 10:00 a.m. "We are very pleased with the [...]
The Hecla Offer provides significant, immediate and certain value and liquidity to U.S. Silver shareholders, but is conditional on the proposed transaction with RX Gold & Silver NOT proceeding
U.S. Silver shareholders need to take action immediately and before the August 2, 2012 proxy voting [...]
U.S. Silver announced that its Board of Directors unanimously recommends that U.S. Silver shareholders REJECT the unsolicited cash offer from Hecla Mining Company to acquire all of the outstanding common shares of U.S. Silver. Commenting on the offer, Gordon Pridham, Chairman & Interim CEO of U.S. Silver said, "the Board continues to believe that [...]
U.S. Silver Corporation today responds to a press release issued on July 25, 2012 by Hecla Mining Company, which announced Hecla's intention to make an all cash offer to acquire all of the outstanding common shares of U.S. Silver for C$1.80 per share and all of the outstanding common share purchase warrants of U.S. Silver for C$0.205 per warrant [...]
Highlights of the Proposed Hecla Offer: All-cash offer of CDN$1.80 for each U.S. Silver common share, providing significant, immediate and certain value and liquidity to U.S. Silver common shareholders upon consummation.
Premium of over 23% over the closing price of U.S. Silver common shares on July [...]
U.S. Silver and RX Gold are pleased to announce today that they have each received an interim order from the Ontario Superior Court of Justice to proceed with their respective special meetings of shareholders in connection with the previously announced business combination of U.S. Silver and RX Gold. The special meeting of U.S. Silver shareholders [...]
U.S. Silver and RX Gold & Silver are pleased to announce the signing of a definitive agreement to combine the two companies by way of a plan of arrangement. The resulting company, to be called U.S. Silver & Gold, will be a well-funded, growth-oriented precious metals producer with U.S. Silver's producing Galena mine in Idaho, RX Gold's producing [...]
U.S. Silver Corporation is pleased to announce results from the previously announced exploration diamond drill program carried out to date in 2012. Highlights: Results on the previously recognized Caladay lead zone have confirmed the existence of a broad mineable resource that appears to support lower cost bulk mining methods.
U.S. Silver today reported first-quarter earnings of $2.9 million and cash from operating activities of $3.9 million. "Silver production increased by 11.5% to 551,228 ounces compared to 494,363 in Q1 2011 and while lower than targeted levels was within normal levels of variability experienced at the Galena," said U.S. Silver’s Executive Chairman [...]
U.S. Silver Corporation (TSX: USA, US OTCQX: USSIF, Frankfurt: QE2) ('US Silver? or 'the Company?) will release its 2012 first quarter financial results following the close of markets on Thursday May 10, 2012. Senior management will host a conference ca ...
U.S. Silver announced today an update on matters currently underway at the Company. Due to weakness in silver prices and equity markets its previously announced listing on the NYSE Amex has been postponed until market conditions improve and specifically until a sustainable common share trading price above $2.00 can be demonstrated. The recent drop [...]
U.S. Silver is pleased to announce summary unaudited financial results in U.S. dollars for the year ended December 31, 2011. 'We are pleased to report solid performance in 2011 with increases in production, revenue, earnings and cash flow over the previous year. Revenue was up by 50% to $93 million and cash flow was up 230% to $29 million [...]
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