Coeur d'Alene Mines and Hecla Mining Increasing Their Portfolios
August 24 2012 - 8:20AM
Marketwired
Silver stocks have been surging in the last month as silver prices
have rebounded on renewed optimism in Europe. The Global X Silver
Miners (SIL) has soared over 16 percent in the last month, nearly
double the iShares Silver Trust ETF (SLV) gain of 9 percent over
the same period. Five Star Equities examines the outlook for
companies in the Silver Industry and provides equity research on
Coeur d'Alene Mines Corp. (NYSE: CDE) and Hecla Mining Company
(NYSE: HL).
Access to the full company reports can be found at:
www.FiveStarEquities.com/CDE
www.FiveStarEquities.com/HL
Recent financial results of silver miners have shown that silver
prices are having a negative impact on profits. While some miners
have seen production rise, revenues have fallen as a result of
lower prices. Silver prices have fallen approximately 23 percent
from the second quarter of last year. Despite the low prices silver
companies appear to be optimistic going forward. Companies such as
-- First Majestic and Coeur d'Alene -- have begun share repurchase
programs, while others have expanded their portfolios by either
acquiring or investing in other companies.
Five Star Equities releases regular market updates 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
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Coeur d'Alene Mines is the largest U.S.-based primary silver
producer and a growing gold producer. The company has built and
commenced production from three wholly-owned, long-lived mines
between 2008 and 2010. Coeur d'Alene recently acquired 1,851,852
common shares of Huldra Silver Inc. at a purchase price of Cad$1.08
per share.
Hecla Mining Company is a leading low cash cost silver producer
in the U.S. The company has two operating mines and exploration
properties in four world-class silver mining districts in the U.S.
and Mexico. The company recently reported it had acquired
20,000,000 common shares of Dolly Varden Silver Corporation for
$3.2 million.
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