Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Tahoe Resources: Why A Correction Is Warranted In This New Silver Producer

Back in June, I wrote an article in which I suggested that investors purchase shares in Tahoe Resources (NYSE:TAHO) in anticipation of the company bringing its flagship Escobal silver mine into production. Since then, the shares have doubled. Furthermore, the shares are hitting all-time highs. The reason for this is that, we learned in January, that the company began commercial production at its Escobal mine. Since the January 14th announcement, the stock is up a whopping 45% versus the Global X Silver Miners ETF (NYSEARCA:SIL), which is just up 25%, versus the price of silver as measured by the iShares Silver Trust (NYSEARCA:SLV), which is up just 6%.

There is no doubt in my...

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