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From: "Wealth Daily" <wd-eletter@angelnexus.com>
Date: Fri, 06 May 2011 07:25:27 -0700
To: <arshadtan@gmail.com>
ReplyTo: wd-eletter@angelnexus.com
Subject: Top 5 Silver Stocks
Top 5 Silver Stocks By Luke Burgess | Friday, May 6th, 2011 During precious metal bull markets, gold gets all the glory. And rightfully so. After all, the yellow metal has been the ultimate symbol of power and wealth for more than five millennia. But the fact is gold isn't the best way to profit from precious metals... Throughout history, silver has consistently and reliably outperformed gold — doubling, tripling, even quadrupling the price of the yellow metal. In the last 12 months alone, gold prices have gained 29%. Meanwhile, the price of silver has jumped 178% — and investors are being heavily rewarded. Back in September 2009, I published a report in Wealth Daily detailing my top five silver companies that were increasing mine production. Since that time, these silver stocks have gained an average of 110.7%. I've updated and expanded this report for you today. Enjoy. Advertisement Catastrophe Averted It was the discovery of a lifetime. And now, it's about to save your life. Find out here how this Argentinian geologist found the answer to our energy crisis.
Boasting an internationally recognized board of directors, Great Panther Silver is a rapidly growing primary silver firm with strong leverage to future increases in silver prices. The company owns and operates two mines in Mexico and employs over 900 people. Silver production from Great Panther's Guanajuato and Topia mines has been growing for four consecutive years. The company has steadily increased its total output from 600,000 ounces of silver-equivalent in 2006 to 2.3 million ounces of silver-equivalent last year, yielding an annual net income of $5 million for 2010. In 2011, Great Panther hopes to ramp up production to 2.9 million ounces of silver-equivalent, with earnings from mining operation expected to approach $25 million. This year marks the second in a three-year organic growth strategy that the company initiated in 2010. When all is said and done, Great Panther believes they'll be able to boost production to approximately 3.8 million ounces of silver-equivalent, increase resources through exploration to 40 million ounces of silver-equivalent, and delineate a 10-year mine life for both operations. According to the company's latest estimates, Great Panther's mineral resources include: Guanajuato
Topia
Headquartered in Vancouver, Silver Standard Resources is generating shareholder value from its ownership of the third-largest primary silver mine in Mexico, as well as a substantial portfolio of geopolitically-diverse projects. Ranging from grassroots exploration to production, the company's pipeline of 14 projects are spread across Argentina, Peru, Mexico, Canada, Chile, the United States, and Australia. Silver Standard's projects include:
The company's first major mining operation and flagship Pirquitas mine achieved commercial production in December 2009. Since that time, Pirquitas has become the third-largest primary silver mine in Mexico — and the 12th largest in the world. At full production, Pirquitas will rank among the top ten largest open-pit primary silver mines in the world. In 2010, Silver Standard mined 6.3 million ounces of silver from Pirquitas. This year, the company expects to increase output by 35% to 8.5 million ounces. Silver Standard also boasts the largest in-ground silver resource of any publicly-traded primary silver company. According to the latest official estimates, the company has access to:
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Fortuna Silver Mines is a growth-oriented silver and base metal producer focused on mining opportunities with two main assets in Latin America: the Caylloma silver/lead/zinc mine in Peru and the San Jose silver/gold project. The company's 100%-owned Caylloma Mine was reopened by Fortuna in October of 2006 following a significant upgrade and modernization of the processing plant. Since that time, the company has ramped up silver production to over 1.9 million ounces. In 2011, Fortuna plans to maintain output levels at Caylloma. But the company is on schedule and within budget for completion and commissioning of a new operation mine at San Jose in the third quarter of this year. This will triple the company's silver-equivalent production when it opens. Once the mill reaches its design capacity of processing 1,500 tonnes of ore per day, the San Jose Mine will extract 5 million silver-equivalent ounces annually. Management is planning to achieve full production capacity within 24 months of the start of operations. According to 2010 estimates, Fortuna Silver's projects contain: Caylloma Mine
San Jose Project
As a mid-cap silver mining company, Endeavour Silver is one of the fastest-growing silver companies focused on production and the development of new resources in Mexico. Since its start in 2004, the company has posted six consecutive years of aggressive silver production and resource growth. Endeavour currently has two producing operations in Mexico: the Guanacevi Mine in Durango and the Guanajuato mines in Guanajuato. In 2010, these mines produced 3.3 million ounces of silver and 17,000 ounces of gold at a cash cost of $5.71 per ounce, net of by-product gold credits. Production is forecast to rise again in 2011 to 3.7 million ounces of silver and 19,000 ounces of gold, and the company expects to continue to drive cash costs lower — down to $5.50 per ounce. Organic expansion programs are now underway at Endeavour's two operating silver mines. And by 2012, the company expects to boost production to 4.4 million ounces of silver... In addition, the company plans additional growth by exploration and development of its existing portfolio of exploration properties — which will undergo exploration and drilling in 2011 — and is actively looking for acquisitions with existing or near-term silver output. According to the company's latest estimates, Endeavour's mineral resources include:
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Billed as “the world's purest silver company”, First Majestic Silver is building a senior silver producing mining firm based on an aggressive development and acquisition plan with a focus on Mexico. The company presently owns and operates three producing silver mines and two development projects... First Majestic's largest operation, the La Encantada Silver Mine, was expanded several times since 2006 to reach the current capacity of 3,750 tonnes per day. Production reached close to 3.8 million ounces of silver in 2010, and is anticipated to reach approximately 4.5 million ounces of silver in the form of dore bars in 2011. First Majestic's three mines produced a total of 7.0 million ounces of silver last year. The company's mines are expected to increase output to 8.0 million ounces of silver. Going forward, a major expansion is currently underway to double the capacity at La Parrilla for 2012. This is expected to help boost production further to approximately 10.0 million ounces of silver. By 2014, silver production is anticipated to increase further to approximately 16.0 million ounces of silver. In addition, management is determined to expand First Majestic's asset base and thus continues to investigate other interesting advanced stage silver projects in Mexico. According to the company's latest estimates, First Majestic has:
Continued... Tomorrow I will be sending you the second half of this report. It will contain three new silver companies that are also planning to increase production and revenue in 2011 and beyond. Until then, Luke Burgess Editor, Wealth Daily Investment Director, Hard Money Millionaire and Underground Profits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Economic Releases for the week of Monday, May 9th, 2011: May 10 - Export and Import Prices May 11 - Trade Balance May 11 - MBA Mortgage Index May 12 - Retail Sales May 12 - Business Inventories May 13 - CPI May 10 - Wholesale Inventories May 11 - Treasury Budget May 12 - PPI May 13 - Michigan Sentiment You May Also Enjoy...It's Always Good When the Market is "Wrong"2011-05-04 - Adam Lass Is There Still Time to Buy Yukon Gold Stocks? 2011-05-03 - Greg McCoach Copper Drops Into Buy Range 2011-05-02 - Christian A. DeHaemer Wealth Daily's Weekend Edition 2011-04-30 - Steve Christ 4,500-year-old Ratio Shows Silver Will Catch Up to Gold 2011-04-29 - Greg McCoach | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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