Among the benefits the company will reap are "immediate positive cash flow from a mine in a prolific gold-silver region" and an improved "operating and political risk profile." The sale is in line with Goldcorp's "ongoing strategy of disciplined portfolio management," the Financial Post quotes CEO Chuck Jeannes as saying, while Barrick commented similarly.Later in the week, on Thursday, Aurcana (TSXV:AUN,OTCQX:AUNFF) reported its production results for the fourth quarter of 2013, commenting that its La Negra mine put out a total of 727,842 silver equivalent ounces. That's a 16-percent increase over the year-ago quarter. For the whole of 2013, the mine produced 2,893,235 silver equivalent ounces, up 14 percent from 2012. Junior company news On Tuesday, Trevali Mining (TSX:TV,OTCQX:TREVF) released an update on commissioning at its Santander zinc-lead-silver mine, located in Peru. Ongoing mineral processing plant operations, as well as zinc and lead-silver concentrate production, are progressing well, the company said. Specifically, last month throughput continued at 2,000 tonnes per day, the full nameplate capacity, while recoveries came in at 84.9 percent for zinc, 84.8 percent for lead and 70.7 percent for silver. Trevali expects "both recoveries and concentrate production" to improve as further mill optimization occurs and as the transition is made "to full mill feed from underground production." The next day, Kootenay Silver (TSXV:KTN) announced the completion of mapping, core logging and the compilation of results from the 5,500-meter phase of the 2013 drill and resource expansion program at its Mexico-based Promontorio silver project, commenting that the 2013 drill season is now over. President and CEO James McDonald said that three major trends have emerged where "the size of alteration and tenure of surface sampling" point to "excellent potential" for new gold and silver discoveries. The same day, Monarques Resources (TSXV:MQR) reported the most recent drill results from the Quebec-based Simkar property, in which it holds a 50-percent interest. Jean-Mark Lacoste, the company's president and CEO, said the results "confirm that there is an as-yet unassessed silver potential."
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. Related reading: Silver Ticks Up, Later Falls on Fed Stimulus Announcement Silver Futures Record Longest Rally Since August 2013 from Silver Investing News