Prudent Finances
Gold & precious metals, commodities, Deep Value

The Future For Silver Standard

By Ivan Y.

Silver Standard (NASDAQ:SSRI), a primary silver miner with projects in Argentina and Mexico, has taken an incredible beating this year. Shares are down 47% for the year as I write this. This article will examine its current mining operation and look ahead toward the future to determine if the stock is worth buying.

Mining Operation

SSRI's one and only operating mine is the Pirquitas mine in Argentina. It currently produces about 8 million ounces of silver annually and has high-grade reserves ranging from 130 to 180 grams/tonne. The mine is expected to produce until 2020. That's the good news. The bad news is that with a total cost of $21 per ounce in Q1 2013,...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
PRO Top long ideas returned 21.7% in 2016**
"As a PRO member, we get uniquely valuable perspective that go beyond our quantiative analysis... We rely on PRO to get beyond the numbers quickly and add much needed perspective. It keeps me ahead of the next big thing. - Mark Choate, Malaga Cove Capital"
Mark Choate, Malaga Cove Capital
"Contributors (writers and commentators), often have a long history in the secuirities they opine on and some are clearly well positioned industry participants with detailed industry views that can help provide color on where the skeletons are buried in a particular secuirity and/or industry."
Jim Roumell, Roumell Asset Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details