Brexit vote uncertainty and the global movement to negative real interest rates should continue to send investors to safe havens such as silver and gold
SmallCapPower | July 6, 2016: Whenever the annual rate of inflation exceeds the interest rate of a government bond investors tend to flock to precious metals such as gold and silver. Silver’s performance since April 1, 2016, has more than doubled that of gold. That being said, the silver names on our list today should continue to shine as all have undertaken significant debt, using that as leverage to enhance production initiatives and sell more silver at these elevated prices.
Santacruz Silver Mining Ltd. (CVE:SCZ) – $0.48
Non-Gold Precious Metals & Minerals
Santacruz Silver Mining Ltd. is a Canada-based company that is engaged in the operation, acquisition, exploration and development of mineral properties in Mexico, with a primary focus on silver and zinc, including gold and lead. Its segments include Rosario Mine; Veta Grande Mine; Exploration and evaluation properties, and Corporate and other. The Company focuses on a producing property, the Rosario Mine, and a development stage property, the Veta Grande Mine. In addition, it holds approximately four exploration properties in its mineral property portfolio, the San Felipe Project, the Gavilanes Project, the El Gachi Property, and the Minillas Property.
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Market Cap:54,411,831
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Revenues: 15,443,357
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Operating Income: -30,417,312
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Total Debt to Equity: 55%
Silver Standard Resources Inc. (TSE:SSO) – $17.43
Non-Gold Precious Metals & Minerals
Silver Standard Resources Inc. is a resource company engaged in the operation, acquisition, exploration and development of precious metal resource properties located in the Americas. The Company operates through three segments: Pirquitas mine, Marigold mine, and Exploration and evaluation properties. It has over two producing mines and a portfolio of silver resource dominant projects located throughout the Americas.
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Market Cap: 1,400,951,648
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Revenues:479,820,697
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Operating Income:-106,811,731
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Total Debt to Equity: 42%
Endeavour Silver Corp. (TSE:EDR) – $5.29
Non-Gold Precious Metals & Minerals
Endeavour Silver Corp. is a mineral company engaged in the evaluation, acquisition, exploration, development and exploitation of metal properties in Mexico and Chile. The Company’s operating mining segments include Guanacevi, Bolanitos and El Cubo, which are located in Mexico, as well as Exploration and Corporate segments.
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Market Cap: 215,285,203.21
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Revenues: 228,628,559
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Operating Income: -192,841,188
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Total Debt to Equity: 26%
Americas Silver Corp. (TSE:USA) – $0.42
Non-Gold Precious Metals & Minerals
Americas Silver Corporation is engaged in producing silver with assets in Americas. The Company is engaged in the acquisition, exploration, development and exploration of mineral resource properties in Mexico and the United States. It has operations in silver camps, such as Cosala Operations in Sinaloa, Mexico and the Galena Complex in Idaho, the United States.
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Market Cap: 114,570,744.63
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Revenues: 71,349,859
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Operating Income: -20,869,090
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Total Debt to Equity: 11%