Mining Stocks Fail to Keep Pace With Skyrocketing Silver Prices
September 19 2011 - 8:16AM
Marketwired
With the price of Silver near 30 year highs, analysts and investors
are beginning to question the underperformance of Silver mining and
streaming stocks. Between January and August, the iShares Silver
Trust ETF has close to doubled, while the XAU Index of precious
metal mining stocks has fallen a surprising 4 percent. The Bedford
Report examines the outlook for companies in the Silver Industry
and provides equity research on Coeur d'Alene Mines Corporation
(NYSE: CDE) (TSX: CDM) and Endeavour Silver Corporation (NYSE: EXK)
(TSX: EDR). Access to the full company reports can be found at:
www.bedfordreport.com/CDE
www.bedfordreport.com/EXK
Unlike gold, silver is a significant industrial metal. More than
half of the demand for silver is industrial, as the metal can be
used for batteries, brazing and soldering, bearings, high-end
electronics and is also used in cutting edge solar technology. A
study conducted earlier this year by the Silver Institute argues
that "the rise in solar power is arguably the most significant
development for silver demand in recent years. This year, demand is
expected to reach nearly 70 million ounces, an increase of around
40 percent year-on-year."
The Bedford Report releases stock research on the Silver
Industry so investors can stay ahead of the crowd and make the best
investment decisions to maximize their returns. Take a few minutes
to register with us free at www.bedfordreport.com and get exclusive
access to our numerous analyst reports and industry
newsletters.
In the second quarter Coeur d'Alene reported net metal sales of
$231.1 million represents 16% increase over prior quarter and is
129% higher than last year's second quarter. The company is
boosting its second half exploration expenditures by 67% to
approximately $14.0 million to accelerate drilling activities at
Palmarejo, Rochester and Joaquin due to ongoing positive
results.
Endeavour Silver Corp., a mid-cap silver mining company, focuses
on the growth of its silver production, reserves, and resources in
Mexico and Chile. Silver production was up 3 percent year-on-year
in the most recent quarter.
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that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
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members. The Bedford Report has not been compensated by any of the
above mentioned publicly traded companies. The Bedford Report is
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