Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Silver Prices
Silver Price
[Most Recent Quotes from www.kitco.com] Our RSS Feed

Silver Updates by Mail

Enter your email address:

Follow Us on Twitter
« Silver to Average $19 per Ounce in 2014: Thomson Reuters GFMS | Main | James Turk: Silver Is One Of The Best Buys On The Planet Today »
Monday
May122014

Top 5 Mexico silver miners increase Q1 output

Mexico's top five silver producers saw output increase 18.7% to 27.8Moz in the first quarter, compared to the same period last year.

The bulk of the increase was from Goldcorp's Peñasquito mine, which produced 7.05Moz silver, up from 3.53Moz in 1Q13, as the company began steps towards tackling a lack of water which has held back throughput.

Vancouver-based Goldcorp (TSX: G, NYSE: GG) was the second biggest silver producer in the period behind Mexico's Industrias Peñoles (BMV: PE&OLES), which increased output 3.7% to 12.7Moz as a result of higher grades at the Saucito, Sabinas and Tizapa mines and new production at the Velardeña mine, which more than offset lower grades at the Ciénega and Fresnillo mines.

Pan American Silver (TSX: PAA) produced 3.12Moz in the quarter at its Dolores, Alamo Dorado and La Colorada mines, down from 3.20Moz, while production growth at fourth placed First Majestic (TSX: FR, Amex: AG) continued, with output at 2.90Moz, up from 2.44Moz.

To continue reading this post please click here

The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

If you would like to know which stocks we are buying and selling please join us atStock Trader our premium investment service.

Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stockssilver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.

Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.

 

 

Winners of the GoldDrivers Stock Picking Competition 2007

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>