Top Quality Stocks To Invest In Right Now: Pan American Silver Corp.(PAAS)
Pan American Silver Corp. engages in the exploration, development, extraction, processing, production, refining, reclamation, and operation of silver properties. The company also produces and sells gold, zinc, lead, and copper. As of April 27, 2011, it had seven silver mining operations in Mexico, Peru, Argentina, and Bolivia. The company was founded in 1979 and is headquartered in Vancouver, Canada.
Advisors' Opinion:- [By Dan Caplinger]
Gold fell below the key $1,300 level Thursday, raising new fears about whether the yellow metal's rally to begin 2014 is now over. Yet, mining companies fared well today, with silver specialists Hecla Mining (NYSE: HL ) and Pan American Silver (NASDAQ: PAAS ) posting solid gains of around 2% Thursday. What explains the disconnect that sent SPDR Gold Shares (NYSEMKT: GLD ) down, but Market Vectors Gold Miners (NYSEMKT: GDX ) up?
- [By The Investment Doctor]
As the mineralized zone seems to be open to the north and the south, I personally expect this project to reach the threshold of 10 billion pounds of copper in the next resource update. The only negative thing is the fact the Josemaria project is located in Argentina, which isn't really a mining-friendly country. It will be an interesting case to see how NGEX and Pan Pacific Copper will be able to move this project forward after Pan American Silver (PAAS) ran into problems with its La Navidad Silver project last year. Fortunately for NGEX Resources, it's not the federal government but the local states who have the prerogative about mining permits and licenses, and the San Juan province is one of the most mining-friendly provinces.
- [By Doug Ehrman]
Despite the weakness seen in precious metals a few weeks ago, silver has been relatively stable ever since mid-April, with the iShares Silver Trust (NYSEMK! T: SLV ) trading in a dollar-wide range ever since. With the presidents of the Chicago and Philadelphia Federal Reserve banksreleasing conflicting statements, turmoil may be just around the corner. Miners like Pan American (NASDAQ: PAAS ) and First Majestic (NYSE: AG ) are still facing operating challenges, while silver streaming darling Silver Wheaton (NYSE: SLW ) struggles as well.
- [By MONEYMORNING]
A great example was when Minefinders was taken over by Pan American Silver Corp. (Nasdaq: PAAS) in 2012. We earned 56.54% on the sale of a first tranche (before the takeover offer), then 42.12% on the balance of the position once PAAS announced the takeover.
source from Top Stocks To Buy For 2015:http://www.topstocksforum.com/top-quality-stocks-to-invest-in-right-now-4.html
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