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Silver miners (SIL -0.6%) are struggling with low prices, as evidenced by Q3 results from Hecla...

Silver miners (SIL -0.6%) are struggling with low prices, as evidenced by Q3 results from Hecla Mining (HL -4.8%) and Coeur d'Alene (CDE -18.8%), where prices were down 23% and 5.5% Y/Y respectively; a 14% drop was blamed for falling revenues and profits at Silver Wheaton (SLW -0.5%). Pan American Silver (PAAS -2.3%) is scheduled to report Thursday.
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Comments (3)
  • PeakOiler
    , contributor
    Comments (298) | Send Message
     
    'low prices', if $30 silver is low how did the miners survive a few years back when silver was $4 an ounce? There aren't that many new mines around so the biggies must have been doing something right in the old days. They need to study their own history to get costs back in line.
    6 Nov 2012, 11:22 AM Reply Like
  • geodan85
    , contributor
    Comments (180) | Send Message
     
    Hecla silver production +19% to 1.6mil ozs, with costs at $3.52 per oz and Lucky Friday mine still out with return expected Q1 next year. Somehow this doesn't look like a struggle. Stock down with a so called earning miss, but revenues beat and production will bounce back next year with return of Lucky Friday mine. HL no debt pays small divi based on silver price, today looks like a buying opportunity.
    6 Nov 2012, 12:17 PM Reply Like
  • jbassbia
    , contributor
    Comments (393) | Send Message
     
    Silver Wheaton is not struggling - record production - article at http://bit.ly/MWC1hH
    6 Nov 2012, 01:13 PM Reply Like
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