Record Results Anticipated to be Outdone this Year- Research Report on Silver Wheaton, Coeur, First Majestic, Silver Standard, and Endeavour
NEW YORK, March 8, 2013 /PRNewswire/ --
Today, Investors Alliance announced new research reports highlighting Silver Wheaton Corp. (NYSE: SLW), Coeur d'Alene Mines Corporation (NYSE: CDE), First Majestic Silver Corp. (NYSE: AG), Silver Standard Resources Inc. (NASDAQ: SSRI), and Endeavour Silver Corp. (NYSE: EXK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Silver Wheaton Corp. Research Report
As February ends, Silver Wheaton completes the definitive agreement with Vale to acquire from the latter's subsidiary an amount of gold equal to 25 percent of the life of mine gold production from its Salobo Mine in Brazil. The company will also acquire 70 percent of the gold production from Vale's Sudbury Mines in Canada, for a 20-year term. Silver Wheaton will pay total cash consideration of $1.90 billion to Vale, and also has issued 10 million Silver Wheaton warrants with a strike price of $65 and a term of 10 years. Furthermore, the company also has finalized the terms and entered into two new unsecured credit facilities. The company's 2012 fourth quarter and full year financial results will be released on March 21. The Full Research Report on Silver Wheaton Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/063c_SLW]
Coeur d'Alene Mines Corporation Research Report
Another company entering a definitive agreement is Coeur, looking to acquire rival company Orko Silver Corp. Under the agreement, the company will acquire all of the issued and outstanding common shares of Orko in a transaction with a total value of approximately CAD$350 million. The transaction is expected to be completed in April. Orko's La Preciosa silver project in Mexico is its key asset, and is also one of the largest undeveloped silver deposits in the world. The silver asset is expected to add a large-scale development opportunity with significant exploration upside to Coeur's portfolio. The merger with Orko will also deliver enhanced asset and geographic portfolio diversification and strong growth prospects. In 2012, the company reported strong operating cash flow and record gold production, expecting to continue in 2013, with anticipated production of 18 to 19.6 million ounces of silver and 250,000 to 265,000 ounces of gold. The Full Research Report on Coeur d'Alene Mines Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/e0e3_CDE]
First Majestic Silver Corp. Research Report
First Majestic also gained interest in Orko's La Preciosa project, but Coeur outbid the company. Refusing to match Coeur's offer, First Majestic withdrew; and Orko had to pay the company CAD$11.6 million termination fee. In 2012, silver output was 20 percent higher than 2011, and First Majestic expects this year's output to rise nearly 40 percent higher than the previous year, expecting to produce the equivalent of between 12.3 million and 13 million ounces, including other metals mined as a byproduct. The Full Research Report on First Majestic Silver Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/71a7_AG]
Silver Standard Resources Inc. Research Report
Silver miners seemed to be on a roll during 2012, as Silver Standard reported financial results noting that the company also exceeded its silver production guidance. It also achieved cost guidance, announced the results of the Pitarrilla Feasibility Study, and received approval for the San Luis Environmental Impact Assessment. Boosting its management team earned the company $165 million, which is used for repaying existing debt and funding new mines. Following a solid 2012, Silver Standard continue to focus on delivering strong and predictable results. In 2013, the company expects to produce and sell 8.2 to 8.5 million ounces of silver. The Full Research Report on Silver Standard Resources Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/8a56_SSRI]
Endeavour Silver Corp. Research Report
For the ninth consecutive year, Endeavour has once again delivered substantial growth of its consolidated silver and gold reserves and resources in 2012. The growth is attributed to successful acquisition, exploration, and development programs. In 2013, the company continues to focus on unfolding the full exploration potential of its project portfolio, as well as to be opportunistic regarding possible new exploration property acquisitions, to facilitate future growth. Endeavour recently announced the new appointment to its management team. The company also announced the release of its 2012 financial results due on March 12. The Full Research Report on Endeavour Silver Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investors-alliance.com/r/full_research_report/ce6f_EXK]
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SOURCE Investors-Alliance
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