Seeking Alpha
 

Global X Silver Miners ETF (SIL)

- NYSEARCA
  • Nov. 11, 2013, 8:24 AM
    • Silver Wheaton (SLW) reported record Q3 attributable silver equiv. production of 8.9M oz. vs. 7.6M oz. in the year-ago quarter, up 17% Y/Y; average realized sale price per silver equiv. oz. was $21.26 vs $31.36 a year ago. (Q3 earnings)
    • Q3 total revenues rose 3.2% Y/Y to $166.4M but missed consensus by ~$21M, due largely to the 32% drop in the average realized silver equiv. price.
    • Average cash costs were $4.73 per silver equiv. oz. vs. $4.16 a year ago, primarily due to an increase in gold sales (35.3K oz. in Q3 2013 vs. 6.9K oz. in Q3 2012) associated with Hudbay's 777 mine and Vale's Sudbury and Salobo mines; the average cash cost per gold oz. was $386, or $6.30 per silver equiv. oz., reducing margins 39% Y/Y.
    • Shares -0.4% premarket.
    • ETFs: SIL, SLVP, SLV, AGQ, SIVR, ZSL, USLV, DBS, DSLV, SLVO, USV
    | 1 Comment
  • Mar. 22, 2013, 9:49 AM
    Silver Wheaton (SLW +2.1%) shoots higher at the open after last night's Q4 report said earnings hit a record $0.50/share vs. $0.41 a year earlier and revenue also set a record at $287M. Attributable silver equivalent output rose 22% to 8.5M oz. Average cash costs rose to $4.70 per silver equivalent oz. from $4.06 a year ago.
    | Comment!
  • Nov. 5, 2012, 7:31 AM
    More on Silver Wheaton (SLW) Q3 earnings: Silver equivalent sales a disappointing 5.1M ounces due to timing of deliveries, but are expected to be made up for in the future. Cash margin of $27.70, down 15% Y/Y. Shares -4.3% premarket. Keep an eye on the Silver Miners ETF (SIL), of which SLW makes up 13.26% of the holdings. (PR)
    | 1 Comment
Visit Seeking Alpha's
SIL vs. ETF Alternatives
SIL Description
The Global X Silver Miners ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Silver Miners Index.
See more details on sponsor's website
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub