Silver Wheaton Corp. (USA) (SLW), Pan American Silver Corp. (USA) (PAAS), Coeur d’Alene Mines Corporation (CDE): Three Silver Stocks to Consider

Coeur Mining

Coeur d’Alene Mines Corporation (NYSE:CDE) is the largest US-based primary silver producer and a growing gold producer.Its assets are located in the United States, Mexico, Bolivia, and Argentina.

Coeur recently announced that it has produced 4.6 million ounces of silver and 60,757 ounces of gold during second quarter of 2013, an increase of 21% for silver and 7% for gold. Coeur d’Alene Mines Corporation (NYSE:CDE) has recently increased its investment in the Northair Mines to 19.4%. An exploration-stage miner, this would provide Coeur an additional revenue stream.

Coeur d’Alene Mines Corporation (NYSE:CDE) has recently announced the assessment of La Preciosa, which it acquired with the purchase of Orko Silver. La Preciosa has a silver resource estimate of 99 million ounces, which would help Coeur in increasing its silver production. Coeur d’Alene Mines Corporation (NYSE:CDE) is also considering an operating cost and capital expenditure reduction, and using extensive cash for share buybacks. Stock performance is related to the silver price—when silver price rises, stock price also increases, and I can see good future prospects for Coeur d’Alene Mines Corporation (NYSE:CDE) because it’s the cheapest stock and heavily influenced by silver price.

Outlook

The prospects of the silver mining companies are directly related to silver prices. The companies which I have considered are all good companies with huge growth potential. Nothing is wrong with their business operation and models; it all depends on the price of silver.

The article Three Silver Stocks to Consider originally appeared on Fool.com and is written by Hussain Asghar.

Hussain Asghar has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Hussain is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.