silver production

Carlos Slim Catches Gold Fever

Carlos Slim Catches Gold Fever

Carlos Slim beat both Warren Buffett and Bill Gates in stock market performance last year. The reason: a hell-bent plan to start a brand-new gold and silver mining company in Mexico. Slim’s publicly disclosed holdings jumped 37% to $70 billion in 2010, according to data compiled by Bloomberg . Meanwhile, Buffett helped return a 22% gain for Berkshire Hathaway last year, and Gates’ Microsoft fell, hurting his overall annual returns even as he spread his investments into other sectors… The World’s Richest Man catches gold fever Slim — who made his fortune by building one of the world’s biggest telecommunication empires — has recently been making significant investments in gold and silver, particularly with a focus on precious metal mining in Mexico. Carlos Slim became the world’s richest man in 2010 with an estimated net worth of $55 billion. And a new spin-off mining company may help him widen his lead atop the global wealth list… Back in August, Slim’s holding company, Grupo Carso, S.A.B. de C.V., announced it would spin off a new precious metal mining company that would be focused on gold and silver mining in Mexico. The news added billions to Slim’s already ridiculous fortune as the plan to spin off the new company sent shares of Grupo Carso soaring in 2010, making it his best-performing asset last year. The new company (called Minera Frisco) produced nearly 200,000 ounces of gold and 5.5 million ounces of silver from its Mexican projects in 2010. Frisco recently reported plans to spend nearly $750 million this year to ramp up gold and silver production. The company estimates production from new mines in Mexico will more than double the company’s gold production to 440,000 ounces and nearly quadruple its silver production to 19.1 million ounces in 2011. Shares of Minera Frisco began trading Mexican Stock Exchange at the beginning of this year. But Slim and his family received nearly 80% of the new shares of Minera Frisco, and the stock is very thinly traded. Most analysts and investors will most likely avoid covering or owning this stock… However, there are many suitable alternative companies with a focus on gold and silver mining in Mexico. The largest of Minera Frisco’s publicly-traded competitors is the London-based silver major Fresnillo plc (LON: FRES) . Fresnillo plc Exchange: Symbol London: FRES P/E 39.76 Share Price 1,450 GBX Divided 5.90 GBX Market Cap 10.41 Billion GBP Yield 1.12% Fresnillo is the …

Continue Reading »

Cornering the Market

Filed in deflation, dividend, Gold, shares, silver, silver production, Spot Gold by on August 2, 2010 0 Comments

It has been over a quarter of a century since the Hunt brothers set out to corner the market in silver and actually succeeded in running the price up to near $50/ounce, a staggering sum back then, when three ounces of silver sold at that price would have fed a family of four lavishly for a month. It was just good, clean, Texas fun, and word has it that the boys actually hoped to profit not so much by squeezing jewelers and film manufacturers but primarily from a new, very rich, silver mine they were keeping under wraps. One that has never been opened. This makes sense; big money and old money tend to think generationally and those families which don’t, end up back in whatever cow byre or hick town they came from. Miss a chance this generation, that’s fine, because the opportunity will return in time and descendants will have been taught how to profit from it. Long-running examples of success include the Rothschilds, Barons von Reuters, Rockefellers, and Krupps. A splendid example of doing it wrong is the Kennedy family, where too many relatives have been living off what Papa Joe made running rum and getting his boys into politics, with occasional useful marriages. The hubris and complacency are still there, as witness Caroline Kennedy thinking she could become the Senator from New York simply by telling the Governor she wanted the custom-made chair. Never mind that she doesn’t even vote! She’s a Kennedy, after all, and lived in the White House half a century ago, surely qualification enough. Not in this century, dear. In the fullness of time the Hunts will no doubt go into production if the tale is true, and my surmise is that they are watching the manipulations of J. P. Morgan Chase with avid, probably amused, eyes. If it is apocryphal, it still isn’t safe to be short 20% of the world’s annual silver production in times of …

Continue Reading »

China’s Silver Bull Market

China’s Silver Bull Market

A Chinese silver bull market is about to make history. And with the world’s largest population, increasing silver demand for investment and manufacturing could help drive prices worldwide — and spur significant gains for companies with silver assets in China. The Chinese have used silver as a monetary unit for over a thousand years. But it was until only recently that China’s silver sector was opened to investment. And now, thanks to de-regulations of the silver market, China has become one of the premier silver mining countries in the world— with booming global investment interest. Under the Mao Zedong administration, the Chinese government imposed strict controls over the silver market beginning in 1949. This made the private purchase of silver bullion illegal. And it prohibited international companies from any ownership or rights to develop mineral projects in the country. This meant China’s silver resources could not be fully explored or evaluated with modern techniques. But after Mao’s death in 1976, the Chinese moved away from a state-controlled economy. And over the next three decades, China loosened the reins on the silver market and deregulated its mining sector, piece-by-piece. 5 Global Reasons to Invest in Silver Now Investment demand for silver has skyrocketed 522% since 2007. World governments are hoarding silver; official sales have plummeted 83% in the past three years. Above-ground silver supplies dropped 86% last year. Industrial demand for silver has increased over the past decade, despite a 236% increase in prices. Silver outperforms gold during bull markets. Today, the country has streamlined the permitting and approval process and allowed silver companies to advance projects faster than many other countries in the world. As a result, foreign investment has transformed the Chinese silver industry in the past ten years, turning it into the third-largest silver producer in the world today. Since the de-regulation of the market, rapid economic growth boosted demand for silver— needed in everything from investment bullion and jewelry to electronics, photography, and silverware. Rising personal income levels and a higher standard of living for billions of Chinese is expected to continue increasing silver industrial demand in the country…

Continue Reading »

Investing in Mexico’s Rising Silver Star

Investing in Mexico’s Rising Silver Star

Last week we discussed why now, more than ever, you should own silver as an important precious metal investment. We talked about price ratios, diminishing global supply, government hoarding, and the recent trend of investors buying the precious metal up like there’s no tomorrow. But now, I want to get more specific. Because while it’s good to know that silver investment demand has gone up 522% since 2007— or that above-ground silver supplies dropped by 83% in the last 2 years — none of this information is going to make you any serious money in the next few days or weeks. However, a unique opportunity just crossed my desk that I think could turn out to be one of my biggest winners of the year. It’s a newly-formed junior silver company that could be sitting on one of the largest silver deposits in Mexico. Here’s the full story… Advertisement The $18 billion black hole Every year, inefficient light bulbs cost businesses and taxpayers $18 billion in energy bills. This has been the case for 130 years… But one micro cap tech company has finally found the solution. In the next few months, with the help of a secretive DoD contract, this $26 million operation… could come to dominate a market worth almost $9 billion/year. Find out the name of the company— and their innovative solution for the lighting…

Continue Reading »

The Best Silver Stocks

The Best Silver Stocks

An unprecedented crisis in the silver market could easily hand you a long series of double… triple… even quadruple investment gains. Here’s how… You probably already know that every commodity fortune ever made was created by an imbalance of supply and demand. When the demand for a certain commodity is high and supplies are low, prices skyrocket. And investors holding the commodity in question get rich. This is exactly what has happened in the case of many natural resources just in the past decade alone: Crude oil shot up 620% in 6 years Gold is now up over 380% since 2001 Natural gas soared more than 550% in 4 years Uranium spiked 830% in 4 years Copper increased nearly 530% in 7 years Palladium more than tripled in 3 years Platinum prices grew 430% in 6 years As demand grew and supplies dwindled, the prices for these natural resources ballooned in value. But none of these commodities experienced the supply/demand crisis that silver is currently facing. Take a moment to chew on this… According to GFMS Limited — the world’s leading authority on precious metals markets— the total amount of above-ground silver supplies dropped by 86% last year. This left the world with just about 20 million ounces of silver reserves. At the same time, the world demands about 2.5 million ounces of silver per day. That means the entire global supply of above-ground silver could be completely wiped out in just eight days! Fortunately, silver production companies have been able to keep up with demand— but just barely… Last year, silver miners were only able to increase production by just over 3%. And for the past 10 years, there has been no surplus in silver supplies. This extremely tight supply/demand dynamic of the silver market has been terrific for investors that own the physical metal. Silver prices have increased nearly 350% since 2002. But shareholders of the companies that pull the silver out of the ground have done even better. Here are three recent… Silver stocks beating the markets Silver Wheaton Corp. (NYSE: SLW) Silver Wheaton is the largest precious metals streaming company in the world. The company has thirteen long-term silver purchase agreements and two long-term precious metal purchase agreements. These agreements allow the company to purchase all or a portion of the silver production at a low fixed cost from high-quality mines located in Mexico, the United States, Greece, Sweden, Peru, Chile, Argentina, and Portugal. For 2010, Silver Wheaton expects to produce 22.2 million ounces of silver and 20,000 ounces of gold, for a total production of 23.5 million ounces of silver-equivalent. By 2013, annual production is expected to increase significantly to 38 million ounces of silver and 59,000 ounces of gold, for total production of over 40 million silver-equivalent ounces. Pan American Silver Corp. (NASDAQ: PAAS) Pan American Silver is the second largest primary silver producer in the world. The company owns and operates eight silver mines and four development projects in Peru, Mexico, Bolivia, and Argentina. Pan American’s growth strategy …

Continue Reading »

Silver is Now Even More Precious Than Gold! Do You Own Any?

Silver is now rarer than gold and will be for all of eternity. From this point forth we work from current silver production alone and, from this point forth, demand will outstrip production without exception. [Can you imagine what that means for the future price of this, indeed, precious metal? Forget about the popular expression: ‘Got gold?’ The much more important – and potentially profitable – question to ask these days is, ‘Got silver?’] Words: 960

Continue Reading »

Coeur d’Alene Mines (NYSE:CDE) Metals Production Soars

Coeur d’Alene Mines (NYSE:CDE) announced last week that metal sales for the company has skyrocketed by 94 percent last quarter, generating an increase in operating cash flow of 308 percent as a result.The Palmarejo mine in the Chihuahua State of Mexico led the company’s increase in gold production for the quarter, gaining from 3,791 ounces in 2009 in the same quarter, to 25,792 ounces in the

Continue Reading »

Yamana Gold (TSE:YRI) Production Up 50 Percent by 2012

Yamana Gold (TSE:YRI) (NYSE:AUY) CEO Peter Marrone confirmed today that gold-equivalent production for the company will increase by close to 50 percent by the end of 2012, giving shareholders another reason to be glad the have a stake in the company, although for some reason it continues to be a laggard in price.Gold-equivalent refers to gold and silver production.Three new projects will be

Continue Reading »

Pan American Silver reports gold and silver production up from year ago

Filed in Gold, Gold Investing, silver, silver production by on April 19, 2010 0 Comments

VANCOUVER, B.C. – Pan American Silver Corp. said Monday that silver production in its first quarter totalled 5.5 million ounces, up 13 per cent from a year ago. Pan American Silver reports gold and silver production up from year ago

Continue Reading »

Pan American Silver (TSE:PAA) Production Update

Pan American Silver (TSE:PAA) released an update of its silver and gold production for the latest quarter, Gold production increased to 27,896 ounces, a nice 34 percent rise over the same quarter last year. Silver production surged to 5.5 million ounces, an increase of 13 percent over the same quarter in 2009. So far for the year, silver production is about 3 percent behind estimates for 2010

Continue Reading »

Silver Manipulated to Protect Dollar?

Silver Short Squeeze Could Be Imminent PR Newswire FORT LEE, N.J., April 3 FORT LEE, N.J., April 3 /PRNewswire/ — The National Inflation Association today issued a silver update to its http://inflation.us members: On December 11th, 2009 NIA declared silver the best investment for the next decade. In our December 11th article, we said that it wasn’t a coincidence that the very day Bear Stearns

Continue Reading »