The greatest silver rush in history has just begun. . .
Global economic and investment uncertainty is rapidly increasing silver's appeal as a precious metal. As a result, silver is quickly becoming the investment of choice for those who recognize its traditional role as a safe haven asset.
While industrial and fabrication demand for silver has recently been impacted by the lower demand for the goods it is used in, an increase in silver investment demand can be expected to continue in the near term.
For investors, this means increasing silver prices and market valuations for the companies that mine the white metal.
Below is a list of five small silver stocks that are expecting to increase silver production this year.
Five Small Silver Stocks Increasing Production
September 2009
Great Panther Resources (TSX: GPR)
Share Price: $0.90
Market Cap: $77.5 million
Great Panther is a growing primary silver producer with two operating mines in Mexico. The company steadily increased silver production from the mines from 600,000 ounces in 2006 to 1.2 million ounces last year. Great Panther is forecasting another 25% increase in production to 1.5 million ounces this year; they then expect silver production to continuing growing to 2.8 million ounces in 2010.
Silver Standard Resources (NASDAQ:
SSRI)
Share Price: $22.00
Market Cap: $1.5 billion
Silver Standard has 16 geopolitically-diverse projects that range from exploration to production. The company's first major mining operation and flagship Pirquitas mine recently began production. The mine is expected to produce three million ounces of silver in 2009 and to achieve full production of approximately 10 million ounces of silver in 2010.
