NEW YORK, NY--(Marketwire - Sep 20, 2012) - Silver stocks have been on a tremendous run in recent weeks on the announcement of stimulus measures from central banks across the globe. Both the Global X Silver Miners ETF (SIL) and the iShares Silver Trust (SLV) have gained nearly 25 percent in the last month, more than 10 times the gain of the Dow Jones Industrial Average over the same period. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on Silver Wheaton Corp. (
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The Federal Reserve last Thursday announced the implementation of Quantitative Easing 3, which will focus on bond purchases in the mortgage market sending silver prices surging to a six-month high. Investors have historically flocked to precious metals as bets against currencies in times of economic unrest. The previous round of quantitative easing in 2011 helped send gold and silver prices near $1,900 and $50 an ounce, respectively.
"While silver trades more volatile than gold, when the fundamentals for the safe-haven trade are in place, it performs extremely well and is affordable for any investor seeking refuge from the equity and bond markets or looking to hedge the dollar," said Dawn Bennett, portfolio manager of the Bennett Group of Funds.
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Silver Wheaton is the largest silver streaming company in the world. Based upon its current agreements, forecasted 2012 attributable production is approximately 28 million silver equivalent ounces, including 42,000 ounces of gold. By 2016, annual attributable production is anticipated to increase significantly to approximately 48 million silver equivalent ounces, including 100,000 ounces of gold.
In 2011, Hecla produced 9.5 million ounces of silver at an average total cash cost per ounce of $1.15(1). Hecla currently produces silver from two silver mines, Greens Creek and Lucky Friday. In the first quarter of 2012, the Greens Creek mine in Alaska, which is one of the largest silver mines in the world, produced 1.3 million ounces of silver. During 2012, the Lucky Friday mine will be conducting rehabilitation work with operations and production expected to resume in early 2013.
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