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Nickelless
Administrator
USA
5580 Posts |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
 Posted - 11/20/2008 : 07:43:39
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"Largest" AG miner is a tricky thing to define. 70% of silver is mined as a byproduct by people going after other metals. Only about 30% of silver comes from mines that are considered "primary" silver mines. Only a few companies exclusively target these "primary" silver mines and call themselves silver miners. So a large primary silver miner is generally a relatively small miner.
I don't have these in any particular order and this is not a recommendation to buy any of these, but here are a few to look into.
PAAS - Pan American Silver Corp
HL - Hecla Mining Corp
CDE - Coeur D Alene Mines Corp
SLW - Silver Wheaton
SSRI - Silver Standard Resources
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 11/20/2008 : 20:01:11
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Been looking myself, but I am still researching. I still need to learn about what makes for a good company makeup.
What to look for?
Capital, Cost to produce, Cash in hand, line of credit, etc.
Any experienced investors, please add what to look for as a basis when researching companies.
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 11/21/2008 : 05:17:17
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| The thing about mining companies is that in addition to falling silver or metal prices, many other factors can effect the value of their shares. Those include factors such as labor strikes and flooding. The price of silver could be going through the roof, but negative factors could keep the value of a mining company's shares down. |
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Think positive. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 11/21/2008 : 10:36:55
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PAAS is up 20% today in response to silvers 6% advance. The bad news is that this kind of 3X leverage to the price of silver also works great in reverse.
Also as Ardent stated, you expose yourself to all kinds of other risks not associated with the price of silver.
By the way, where does the leverage come from? Say I am mining silver at a cost of $8.00 and ounce and silver moves up 20% from $10.00 to $12.00 an ounce. That 20% move just doubled my profit margin from $2.00 to $4.00 and that doubled profit, generally, should translate into a stock movement much greater than 20%. |
Edited by - horgad on 11/21/2008 10:42:31 |
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Largest Ag mining companies...might buy stock
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