The upshot is thus that while ETP interest clearly isn't doing anything to spur silver prices upward, it does seem to indicate that some still believe in the white metal's prospects — certainly encouraging for those interested in the space.Company news Arian Silver (TSXV:AGQ,LSE:AGQ) said on Tuesday that it continues to make "excellent progress" on refurbishing and reassembling the processing plant at the site of its San Jose project. The company's financing negotiations also continue to move forward. Jim Williams, CEO of Arian, commented, "[t]his Plant, together with its extensive inventory of spare parts is now on site pending the completion of its reassembly and commissioning, which is also on-track for the end of the year in readiness for commercial production." Today, Santacruz Silver Mining (TSXV:SCZ) announced that it has entered into a US$28.4-million prepaid silver purchase agreement with JMET. Under the agreement, the company will sell 4,635,000 ounces of silver through to August 2019, "subject to certain adjustments relating to metal prices." The deal is aimed at funding Santacruz's future work, such as the development of its Mexico-based San Felipe project. Junior company news Also today, Kootenay Silver (TSXV:KTN) released the results from the first five HQ diameter drill holes from Phase I drilling at its La Negra diatreme breccia prospect. La Negra is located about 6.5 kilometers north of the company's Mexico-based Promontorio silver resource. Encouragingly, visual inspection of drill core shows that all the holes "have encountered wide intervals of altered breccia, which is the same host rock as is seen across the mineralized surface." Finally, Puma Exploration (TSXV:PUM) reported this morning that stripping and trench sampling operations on geophysical targets at its Nicholas-Denys project in New Brunswick have resulted in the discovery of new silver-gold showings. They "indicate a northerly extension of the NW-SE trending Cullinan zone located between the Main Fault and the Rocky Brook Millstream fault."
At this point, the Cullinan zone has been confirmed to be at least 600 meters long.Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. Related reading: Silver Price Reverting to Pre-Summer Levels ETPs a Bright Spot in the Silver Space from Silver Investing News