Coeur d'Alene and Great Panther Silver Look to Rally as Silver Market Stabilizes
November 17 2011 - 8:16AM
Marketwired
Silver prices have fluctuated along with the markets recently but
are still high as investors continue to seek safe havens in
precious metals. While gold may be grabbing most of the headlines,
silver has been on a good run with both streaming and mining stocks
performing well. 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 Great
Panther Silver Ltd. (NYSE Amex: GPL) (TSX: GPR). Access to the full
company reports can be found at:
www.bedfordreport.com/CDE
www.bedfordreport.com/GPL
Silver production has been on a steep upswing in recent years
aided by new projects in Mexico and Argentina. According to the
Silver Institute, production gains have come from primary silver
mines and as a by-product of lead/zinc mining activity, whereas
silver volumes produced as a by-product of gold fell 4 percent last
year. Mexico eclipsed Peru as the world's largest silver producing
country in 2010, and Peru is followed by China, Australia and
Chile. Global primary silver supply recorded a 5 percent increase
to account for 30 percent of total mine production in 2010.
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.
Great Panther Silver's current activities are focused on the
mining of precious and base metals from its two wholly-owned
operating mines in Mexico. In addition, the Company is also
pursuing acquisition opportunities throughout Latin America to add
additional mines to its portfolio of properties. Great Panther
Silver posted a 46 percent rise in third quarter revenue at C$16.3
million. Fourth-quarter output was forecast at 550,000 silver
equivalent ounces, compared with 484,550 silver equivalent ounces
in the third quarter.
Coeur d'Alene Mines posted a $31.1 million third-quarter profit,
as gold and silver sales more than doubled on increases in prices
and production. Sales of metal jumped to $343.6 million from $118.6
million in the year-ago period, as silver production rose 13
percent to 4.9 million ounces and gold production jumped 20 percent
to 57,052 ounces.
The Bedford Report provides Market Research focused on equities
that offer growth opportunities, value, and strong potential
return. We strive to provide the most up-to-date market activities.
We constantly create research reports and newsletters for our
members. The Bedford Report has not been compensated by any of the
above mentioned publicly traded companies. The Bedford Report is
compensated by other third party organizations for advertising
services. We act as an independent research portal and are aware
that all investment entails inherent risks. Please view the full
disclaimer at http://www.bedfordreport.com/disclaimer
Add to Digg Bookmark with del.icio.us Add to Newsvine
Contact: The Bedford Report Email Contact
Coeur Mining (NYSE:CDE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Coeur Mining (NYSE:CDE)
Historical Stock Chart
From Jul 2023 to Jul 2024