Milner Consolidated Silver Mines Ltd. announced last month that it had granted incentive stock options to its subsidiary, company directors, and officers. This was done in accordance with the company’s Stock Option Plan.
The options were provided to serve as replacement to the options that were initially provided by the company, which have expired in May 2014. The stock options amounting to 743,850 all expired while being unused. Milner’s stock options have a term of 5 years and will expire on July 31, 2019.
Precious metals experts predict that gold and silver mining will peak and plateau in 2014. The gold and silver ratio is also expected to fall in 2014, with silver having the slighter edge. Fundamentally, the gold and silver ratio will decline because of the recovery for the demand of silver. Apart from being a reserved currency, silver is being used in the construction of buildings, concoction of medicine, and manufacturing of electrical appliances and gadgets. According to Metals Focus, silver investment demand has held firm particularly among private investors, and the precious white metal’s demand for photovoltaics will increase by around 10% this year. When prices of precious metals increase, no matter how small, mining stocks skyrocket. As of this writing, silver’s price per ounce amounts to $17.60.
About Milner Consolidated Silver Mines Ltd.
Milner Consolidated Silver Mines Ltd. is an exploration stage company that explores, acquires, and refines minerals properties. The company explores the San Lucas concession in Sonora Mexico through its subsidiary, Minera Milner S.A. de C.V. The company also holds interest in the Sunkow Diamonds Project that is located in Ontario. Milner’s main headquarters is located in Tiny, Canada. The company is spearheaded by three key executives: Deborah J. Bazinet, Chief Executive Officer, Brenda A. Bazinet, Chief Financial Officer, and E.W. Bazinet, Chief Executive Officer of the Minera Milner Subsidiary.