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Sandstorm Gold (NYSE:SAND): The company’s new attention is obvious in the stock price, reaching it’s highest $13.95 after trading below $10 following its August 20 IPO, which is more than a 35 percent gain.
Eldorado Gold (NYSE:EGO) released its earnings data most recently on Friday, July 27th. The company reported earnings of $0.07 per share for the quarter, which misses the analysts’ consensus estimate of $0.12 by $0.05. Eldorado Gold’s revenue fell 3.3 percent versus the same quarter last year. Analysts believe that Eldorado Gold will post $0.51 EPS for this fiscal year.
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Hecla Mining Company (NYSE:HL): New Jersey Mining Company signed a mineral lease with Hecla Silver Valley, Inc., which is a wholly owned subsidiary of Hecla Mining Company, for 39 unpatented lode claims at a gold-telluride prospect called Little Baldy. Little Baldy is one of seven gold prospects composing the company’s Toboggan Project close to Murray, Idaho. Hecla is the owner of patented mineral rights to 139 acres in the center of the Little Baldy prospect which are not part of the lease.
Silver Wheaton (NYSE:SLW) closed its deal with HudBay Minerals, Inc. It will purchase Hudbay’s silver production from two mines as well as with some gold production from one of them totaling nearly $750 million, along with continuing payments.
Coeur D’alene Mines (NYSE:CDE): Renowned and respected investment adviser and founder of Midas Letter James West recently reported his overview of the Trinity Silver Project, which is a Liberty Silver Corp. endeavor. The Trinity Silver Project is 25 miles northwest of Lovelock, Nevada (Pershing County) and it shares its geographical location with major gold and silver producers such as one of the largest silver mines in the United States, the Rochester silver mine owned by Coeur d’Alene Mines Corporation, known for producing 125 million ounces of silver from 1986 to 2010, and it has nearly 120 million silver ounces in reserves. In September, the company traded more than 20 million shares as it saw its value double. Silver has traded in a similarly, its value saw a 35 percent rise since mid-summer, and it outperformed gold smartly. The most respected and experienced traders in precious metals continue to expect the ratio of the amount of ounces of silver it takes for the purchase of one ounce of gold to head towards 16:1 from its current level of over 50:1. That implies that silver is valued at $110 per ounce. ”If Liberty Silver shares continue to trade at such a high beta to the silver futures price, the premium being awarded Liberty Silver could be substantial,” West stated.
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