MAG Silver a takeover target?
With MAG Silver (AMEX:MVG) almost doubling its share price over the last 12 months, and a plethora of high-quality properties under its control, you wonder if some larger companies are again thinking it may be the right time to swoop in and acquire them before their share price really shoots up and they become extremely expensive to own.
Their market cap is only a little over $357 million as of this writing, so would be very desirable, even with their price close to double what it was last March.
I think any company that does their homework would find MAG Silver an extraordinary buy, but the existing economic climate still makes any long-term acquisition somewhat risky for all but the mining companies with the deepest pockets.
While it's somewhat doubtful, MAG Silver could be left on its own, in which case they should do well over the next decade or so, and probably further. If not, they would still be a great acquisition for the right company.
MAG Silver a takeover target?
Showing posts with label Silver Company. Show all posts
Showing posts with label Silver Company. Show all posts
Tuesday, March 30, 2010
Wednesday, March 10, 2010
Silver Wheaton (NYSE:SLW) Continuing Spectacular Growth
Silver Wheaton Growth to Continue
Silver Wheaton (NYSE:SLW), even after a fantastic increase in silver production in 2009, doesn't show any signs of slowing down too much, as the company could enjoy growth in the 35 percent range for 2010.
Assuming they reach their goal, which they are likely to, Silver Wheaton will grow to 23.5 million silver equivalent ounces. By 2013 the company wants to reach 40 million silver equivalent ounces.
Silver Wheaton can just about do what it wants in reference to growth through acquisitions, as its cash flow, cash reserves and credit line of $400 million give them a strong liquidity foundation to work from.
Silver Wheaton Growth to Continue
Silver Wheaton (NYSE:SLW), even after a fantastic increase in silver production in 2009, doesn't show any signs of slowing down too much, as the company could enjoy growth in the 35 percent range for 2010.
Assuming they reach their goal, which they are likely to, Silver Wheaton will grow to 23.5 million silver equivalent ounces. By 2013 the company wants to reach 40 million silver equivalent ounces.
Silver Wheaton can just about do what it wants in reference to growth through acquisitions, as its cash flow, cash reserves and credit line of $400 million give them a strong liquidity foundation to work from.
Silver Wheaton Growth to Continue
Friday, March 5, 2010
Silver Wheaton (NYSE: SLW): No Dividend Now
No Dividend for Silver Wheaton Shareholders
Although there has been speculation Silver Wheaton (NYSE: SLW) will issue a dividend soon, the company CEO Peter Barnes said that it's a possibility, but it won't happen until cash flows at the company increase.
Barnes said in the quarterly conference call he feels it would be a better idea to plow cash back into the company in order to better prepare itself for acquisition possibilities in the future.
Shareholders of course were looking at the over $227 million in cash the company has, along with a revolving credit line of $400 million, wondering why they don't get some of that as a result.
Barnes continued to hit on that theme when communicating a $25 million dividend this year would force the company to need an extra $100 million in equity to make any acquisition they were looking at.
No Dividend for Silver Wheaton Shareholders
Although there has been speculation Silver Wheaton (NYSE: SLW) will issue a dividend soon, the company CEO Peter Barnes said that it's a possibility, but it won't happen until cash flows at the company increase.
Barnes said in the quarterly conference call he feels it would be a better idea to plow cash back into the company in order to better prepare itself for acquisition possibilities in the future.
Shareholders of course were looking at the over $227 million in cash the company has, along with a revolving credit line of $400 million, wondering why they don't get some of that as a result.
Barnes continued to hit on that theme when communicating a $25 million dividend this year would force the company to need an extra $100 million in equity to make any acquisition they were looking at.
No Dividend for Silver Wheaton Shareholders
Tuesday, March 2, 2010
Silver Wheaton (NYSE: SLW) Doubles Reserves
Silver Wheaton Silver and Gold Reserves
Silver Wheaton Corp. (NYSE: SLW) announced it has doubled its probable and provable gold and silver reserves in 2009, bring them to record highs for the company.
Reserves increasing for silve came to 431 million ounces for the year, while gold reserves grew to 220,000 ounces.
Total silver reserves now stand at 875 million ounces.
Silver Wheaton attributed the increase in reserves to their acquisition of Silverstone Resources last year and also a number of new agreements they had entered into with silver mines.
Silver Wheaton Silver and Gold Reserves
Silver Wheaton Corp. (NYSE: SLW) announced it has doubled its probable and provable gold and silver reserves in 2009, bring them to record highs for the company.
Reserves increasing for silve came to 431 million ounces for the year, while gold reserves grew to 220,000 ounces.
Total silver reserves now stand at 875 million ounces.
Silver Wheaton attributed the increase in reserves to their acquisition of Silverstone Resources last year and also a number of new agreements they had entered into with silver mines.
Silver Wheaton Silver and Gold Reserves
Wednesday, February 24, 2010
Silver Standard Resources (NASDAQ:SSRI) Silvertip Property
Silver Standard Resources (NASDAQ:SSRI) Silvercorp Metals (NYSE:SVM)
Silver Standard Resources (NASDAQ:SSRI) has sold its stake in its Silvertip property to Silvercorp Metals (NYSE: SVM) for C$15 million. The property includes silver, lead and zinc. The terms of the deal was half in common shares of the company and the other half in cash.
“The Silvertip project ranks among one of the highest grade silver-lead-zinc carbonate replacement deposits in North America — with great potential to grow,” said Rui Feng, Silvercorp chairman and chief executive.
The lead could be especially rewarding, as it had a concentrate grade of 65 percent and 80.4 percent was deemed as recoverable in a test a couple of years ago.
Another factor is lead for batteries continues to be in strong demand, while there are only about 7 lead mines in the world to provide it.
Silvercorp wil perform its own due diligence before the deal is officially completed in a couple of days.
Silver Standard Resources (NASDAQ:SSRI) Silvercorp Metals (NYSE:SVM)
Silver Standard Resources (NASDAQ:SSRI) has sold its stake in its Silvertip property to Silvercorp Metals (NYSE: SVM) for C$15 million. The property includes silver, lead and zinc. The terms of the deal was half in common shares of the company and the other half in cash.
“The Silvertip project ranks among one of the highest grade silver-lead-zinc carbonate replacement deposits in North America — with great potential to grow,” said Rui Feng, Silvercorp chairman and chief executive.
The lead could be especially rewarding, as it had a concentrate grade of 65 percent and 80.4 percent was deemed as recoverable in a test a couple of years ago.
Another factor is lead for batteries continues to be in strong demand, while there are only about 7 lead mines in the world to provide it.
Silvercorp wil perform its own due diligence before the deal is officially completed in a couple of days.
Silver Standard Resources (NASDAQ:SSRI) Silvercorp Metals (NYSE:SVM)
Friday, February 19, 2010
Pan American Silver (Nasdaq: PAAS) Gets No Respect
Pan American Silver
The management at Pan American Silver (Nasdaq: PAAS) seem to be quietly building a solid company while most investors in silver and other precious metals look elsewhere for their profits. That, I think, is a mistake.
When talking about increasing their silver production by 31 percent in the third quarter, while generating 6.4 million ounces of silver - a record - they are more than poised to perform strongly for years ahead, and that doesn't even include the acquisition of Aquiline Resources Inc., which has an estimated 632 million ounces of silver in its Navidad project in Argentina.
For all of 2009 the company produced 23 million ounces of silver at a reported $5.53 an ounce; a very good number.
But Pan American Silver isn't only into silver, as its gold production skyrocketed in 2009 by 331 percent.
The best part though, is even with their increased production and available resources, they are being managed well with cost being shaved significantly during the year.
With these facts and other numbers showing a company growing and expanding, while maintaining its handle on costs, and you have all the pieces for a great investment.
For some reason many people simply miss this with Pan American, and that's to their detriment over the long haul.
Pan American Silver
The management at Pan American Silver (Nasdaq: PAAS) seem to be quietly building a solid company while most investors in silver and other precious metals look elsewhere for their profits. That, I think, is a mistake.
When talking about increasing their silver production by 31 percent in the third quarter, while generating 6.4 million ounces of silver - a record - they are more than poised to perform strongly for years ahead, and that doesn't even include the acquisition of Aquiline Resources Inc., which has an estimated 632 million ounces of silver in its Navidad project in Argentina.
For all of 2009 the company produced 23 million ounces of silver at a reported $5.53 an ounce; a very good number.
But Pan American Silver isn't only into silver, as its gold production skyrocketed in 2009 by 331 percent.
The best part though, is even with their increased production and available resources, they are being managed well with cost being shaved significantly during the year.
With these facts and other numbers showing a company growing and expanding, while maintaining its handle on costs, and you have all the pieces for a great investment.
For some reason many people simply miss this with Pan American, and that's to their detriment over the long haul.
Pan American Silver
Tuesday, February 16, 2010
Pan American Silver (TSE:PAA) Posts Profits
Pan American Silver Quarterly Report
After a disappointing fourth quarter last year, Pan American Silver (TSE:PAA) came roaring back to post a profit in the fourth quarter ending December 31.
The factors contributing to the profits according to Pan American Silver was increased production and the increase in the price of silver.
Earnings for the quarter came in at $27.8 million, or 31 cents a share. That was in comparison to the same quarter last year where the mining company lost $33.3 million or 41 cents a share.
Overall revenue grew to $154.4 million, a 234 percent gain. Production during that time resulted in another 6 million ounces of silver, a 30 percent surge. A portion of that was attributed to the expansion of the San Vicente mine in Bolivia.
Gold also enjoyed increased production, as it gained by 425 percent.
The company estimated that silver production should reach 23.4 million ounces for 2010.
Pan American Silver Quarterly Report
After a disappointing fourth quarter last year, Pan American Silver (TSE:PAA) came roaring back to post a profit in the fourth quarter ending December 31.
The factors contributing to the profits according to Pan American Silver was increased production and the increase in the price of silver.
Earnings for the quarter came in at $27.8 million, or 31 cents a share. That was in comparison to the same quarter last year where the mining company lost $33.3 million or 41 cents a share.
Overall revenue grew to $154.4 million, a 234 percent gain. Production during that time resulted in another 6 million ounces of silver, a 30 percent surge. A portion of that was attributed to the expansion of the San Vicente mine in Bolivia.
Gold also enjoyed increased production, as it gained by 425 percent.
The company estimated that silver production should reach 23.4 million ounces for 2010.
Pan American Silver Quarterly Report
Monday, February 15, 2010
Silver Wheaton (TSE:SLW) Augusta (TSE:AZC) Gold, Silver
Silver Wheaton (TSE:SLW) Augusta (TSE:AZC)
Silver Wheaton Corp (TSE:SLW) announced it has made an agreement with Augusta (TSE:AZC) to acquire the gold and silver produced from the Rosemont Copper project for close to $230 million cash.
Silver Wheaton is a reseller of silver byproduct which it acquires from mining companies. With this particular deal the company is looking an annual production rate of 2.4 million ounces of silver and 15,000 ounces of gold.
Operating permits for Augusta are expected to be finalized in the fourth quarter of 2010, which at that time Silver Wheaton will begin payments.
Silver Wheaton (TSE:SLW) Augusta (TSE:AZC)
Silver Wheaton Corp (TSE:SLW) announced it has made an agreement with Augusta (TSE:AZC) to acquire the gold and silver produced from the Rosemont Copper project for close to $230 million cash.
Silver Wheaton is a reseller of silver byproduct which it acquires from mining companies. With this particular deal the company is looking an annual production rate of 2.4 million ounces of silver and 15,000 ounces of gold.
Operating permits for Augusta are expected to be finalized in the fourth quarter of 2010, which at that time Silver Wheaton will begin payments.
Silver Wheaton (TSE:SLW) Augusta (TSE:AZC)
Friday, February 12, 2010
Silver Standard Resources (TSX:SSO) Public Offering
Silver Standard Resources (TSX:SSO)
Silver Standard Resources (TSX:SSO) (NASDAQ:SSRI) announced in a press release they have filed a with the securities commissions of each providence of Canada, along with the Securities and Exchange Commission (SEC) in the United States in relationship to a public offering of its common shares.
The company said it is looking to raise about $100 million through the offering " to fund the exploration on and development of mineral properties, for working capital requirements, to repay indebtedness outstanding from time to time or for other general corporate purposes."
Silver Standard Resources (TSX:SSO)
Silver Standard Resources (TSX:SSO) (NASDAQ:SSRI) announced in a press release they have filed a with the securities commissions of each providence of Canada, along with the Securities and Exchange Commission (SEC) in the United States in relationship to a public offering of its common shares.
The company said it is looking to raise about $100 million through the offering " to fund the exploration on and development of mineral properties, for working capital requirements, to repay indebtedness outstanding from time to time or for other general corporate purposes."
Silver Standard Resources (TSX:SSO)
Thursday, February 11, 2010
Future of Silvercorp Metals Inc (TSX: SVM)
Future of Silvercorp Metals
It seems like Silvercorp Metals Inc (TSX: SVM) has a bright future ahead of it as the primary producer of silver in China. The have high-grade ore operations in several mines in the country.
They are protected a lot from wide swings in the market, and have proven to be able to make money under a variety of market conditions and add great value to its shareholders.
Along with silver, the mines the company is working also have lead and zinc in them to extract.
The most profitable mine at this time for the company the Ying Mining Camp.
Silvercorp. also pays a dividend.
Future of Silvercorp Metals
It seems like Silvercorp Metals Inc (TSX: SVM) has a bright future ahead of it as the primary producer of silver in China. The have high-grade ore operations in several mines in the country.
They are protected a lot from wide swings in the market, and have proven to be able to make money under a variety of market conditions and add great value to its shareholders.
Along with silver, the mines the company is working also have lead and zinc in them to extract.
The most profitable mine at this time for the company the Ying Mining Camp.
Silvercorp. also pays a dividend.
Future of Silvercorp Metals
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