Tuesday, May 10, 2011

Fw: Top 5 Silver Stocks

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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

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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.
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 Great Panther Silver
Company Great Panther Silver may 2011 gpr
may 2011 test 1
Exchange TSX and AMEX
Symbol GPR and GPL
Share price in my 9/09 Report $0.90
Current Share Price $3.09
Gain ↑243.3%
Market Cap $406.7 million
Avg. Daily Volume 2.2 million
Shares Outstanding 131.6 million
Fully Diluted 139.3 million
Website www.greatpanther.com
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
  • 4.4 million ounces of ounces of proven and probable silver-equivalent reserves
  • 5.5 million ounces of measures and indicated silver-equivalent resources
  • 2.7 million ounces of inferred silver-equivalent resources
Topia
  • 7.4 million ounces of measures and indicated silver-equivalent resources
  • 11.9 million ounces of inferred silver-equivalent resources
 Silver Standard Resources
Company Silver Standard Resources
may 2011 ssri
may 2011 ssri production 1
Exchange NASDAQ
Symbol SSRI
Share price in my 9/09 Report $22.00
Current Share Price $29.34
Gain ↑33.4%
Market Cap $2.33 billion
Avg. Daily Volume 1.5 million
Shares Outstanding 79.9 million
Fully Diluted 84.4 million
Website www.silverstandard.com
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:
Advanced Exploration Development Production
  • San Agustin, Mexico
  • Berenguela, Peru
  • Challacollo, Chile
  • San Luis, Peru
  • Pirarrilla, Mexico
  • Diablillos, Argentina
  • Pirquitas, Argentina
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:
  • 285.5 million ounces of proven and probable silver reserves
  • 993.3 million ounces of measures and indicated silver resources
  • 403.6 million ounces of inferred silver resources
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Fortuna Silver Mines
Company Fortuna Silver Mines
may 2011 fvi
may 2011  fvi production
Exchange TSX
Symbol FVI
Share price in my 9/09 Report $1.50
Current Share Price $4.79
Gain ↑219.3%
Market Cap $586.8 million
Avg. Daily Volume 900,000
Shares Outstanding 122.5 million
Fully Diluted 127.1 million
Website www.fortunasilver.com
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
  • 43.4 million ounces of proven and probable silver-equivalent reserves
  • 13.8 million ounces of measured and indicated silver-equivalent resources
  • 27.3 million ounces of inferred silver-equivalent resources
San Jose Project
  • 35.9 million ounces of proven and probable silver-equivalent reserves
  • 44.2 million ounces of indicated silver-equivalent resources
  • 32.6 million ounces of inferred silver-equivalent resources
 Endeavor Silver
Company Endeavor Silver
may 2011 edr
may 2011 edr 2
Exchange NYSE and TSX
Symbol EXK and EDR
Share price in my 9/09 Report $2.75
Current Share Price $8.62
Gain ↑213.5%
Market Cap $1.76 billion
Avg. Daily Volume 1.5 million
Shares Outstanding 79.9 million
Fully Diluted 84.4 million
Website www.edrsilver.com
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:
  • 13.4 million ounces of proven and probable silver reserves
  • 27.3 million ounces of indicated silver resources
  • 29.8 million ounces of inferred silver resources
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 First Majestic Silver
Company First Majestic Silver
may 2011 ag
may 2011 ag  production
Exchange NYSE and TSX
Symbol AG and FR
Share price in my 9/09 Report $2.60
Current Share Price $16.83
Gain ↑547.3%
Market Cap $1.73 billion
Avg. Daily Volume 1.8 million
Shares Outstanding 103.3 million
Fully Diluted 109.1 million
Website www.firstmajestic.com
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:
  • 46.3 million ounces of proven and probable silver reserves
  • 164.3 million ounces of measured and indicated silver resources
  • 160.1 million ounces of inferred silver resources
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_signature.gif
Luke Burgess
Editor, Wealth Daily
Investment Director, Hard Money Millionaire and Underground Profits
Refer a Friend to Wealth Daily

Wealth Daily Blogs



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

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