“SSRI reported headline Q4 EPS of $4.75; however after adjusting for the gain from the sale of Snowfield in Dec 2010, and other smaller items, we view adjusted EPS as closer to $0.10. We were forecasting Q4 EPS of $0.08 and consensus was $0.13.”
Silver Wheaton closed Tuesday at $43.58, jumping $1.03, or 2.42 percent. iShares Silver Trust closed at $33.87, up $0.76, or 2.30 percent. Coeur d`Alene Mines closed at $32.86, gaining $1.35, or 4.28 percent. Pan American Silver closed at $39.90, up $0.80, or 2.05 percent. Mines Management closed at $3.93, increasing $0.45, or 12.93 percent.
Goldcorp Inc. rose sharply in early trade Tuesday and took out the session highs around midday. The stock finished up by 1.54 at $49.35 on strong volume.
Timmins Gold Corp. (TSX VENTURE:TMM) (“Timmins” or the “Company”) is pleased to report to shareholders on its operating and financial results for the three and nine month periods ending December 31, 2010. All currency in this report is in Canadian dollars unless otherwise indicated.
Silver Stocks that are up today: Silver Wheaton Corp. (NYSE: SLW); Hecla Mining Company (NYSE: HL); Coeur d’Alene Mines Corporation (NYSE:CDE); Endeavour Silver (TSX: T.EDR, Stock Forum); Great Panther Silver Ltd (GPR.TO); Pan America Silver Corp. (NASDAQ: PAAS).
Great Panther Silver Ltd (GPR.TO) is off its newest 52-week high but remains ahead 11% today at $4.44 a share. The stock earlier hit $4.53 a share to set a new top.
Gold continued its recent surge and today settled at an all-time high of $1,431.20 per ounce. Gold continued to run after the settlement and reached an intra-day high of $1433.40. Gold is currently trading up $19.70 to $1429.60.
Shares of U.S. Gold Co. (UXG) saw unusually high trading volume on Tuesday. Approximately 2,759,569 shares changed hands during mid-day trading, an increase of 27.70% from the previous session. The stock last traded at $7.68.
March 1, 2011 (Investorideas.com Mining stocks newswire) Virgin Metals Inc. has refocused. In September 2010, new management was installed and immediately proclaimed an ambitious program for 2011. Later in 2010, shareholders supported the plans and invested $1.6 million into the Company. Its flagship Los Verdes project (copper-molybdenum-tungsten-silver) should get an updated review of the existing pre-feasibility study in 2011, and the Cuatro Hermanos project (copper-molybdenum) should be further explored in search of higher grade targets. New management and a viable action plan should spur investor interest. We believe that, once the market discovers this revitalized company, its stock will be a star performer.
MEXICO CITY, March 1 (Reuters) – Mexican mining company Penoles posted a 28 percent drop in fourth-quarter profit on Tuesday on higher costs, including investments in a new mine and more exploration.
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