Hecla Mining and Great Panther Silver Benefit From Mexican Exposure
January 23 2012 - 8:20AM
Marketwired
Silver stocks have been on the upswing over the last month, with
the iShares Silver Trust ETF gaining more than 6 percent. Investors
are taking safe haven in precious metals as the European financial
crisis shows no signs of slowing. Even the Global X Silver Miners
ETF -- which has been underperforming silver prices over the last
year -- has shown signs of growth of late, spiking an impressive
4.5 percent since December 21, 2011. Five Star Equities examines
the outlook for companies in the Silver Industry and provides
equity research on Hecla Mining Co (NYSE: HL) and Great Panther
Silver Ltd. (NYSE Amex: GPL) (TSX: GPR). Access to the full company
reports can be found at:
www.fivestarequities.com/HL
www.fivestarequities.com/GPL
A recent report from the Silver Institute forecasted that
industrial fabrication would increase by 37 percent between 2010
and 2015, meaning a potential increase from approximately 488
million ounces (m/oz) to 666 m/oz. A recent article for Resource
Investing News explains that fabrication of silver often brings to
mind coins, jewelry, and cutlery.
Silver prices are also benefitting from a rebound in the U.S.
economy, which is beginning to drive industrial demand for the
metal. The Silver Institute says that industrial use for silver
skyrocketed 21 percent year-on-year in 2010, with electrical and
electronic applications compose the largest segment.
Five Star Equities releases regular market updates on the Silver
industry so investors can stay ahead of the crowd and make the best
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Silver production has been on a continual upswing. According to
The Silver Institute, the growth in silver production is being
driven by new projects in Mexico and Argentina. "This change came
about as a result of increased production in primary silver mines
and as a by-product of lead/zinc mining. For the first time, Mexico
eclipsed Peru as the world's largest silver producing country.
China, Australia and Chile round out the top five (silver
producers)," The Silver Institute reports.
Great Panther Silver owns two operating mines in Mexico, and
employs almost 1000 people. The company states its mission is to
"become a leading primary silver producer by acquiring, developing
and profitably mining precious and base metals in Latin America."
Hecla Mines has exploration properties and operating mines in four
silver mining districts in the U.S. and Mexico.
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