Top Silver Stocks

Luke Burgess

Updated September 15, 2009

The greatest silver rush in history has just begun…

Global economic and investment uncertainty is rapidly increasing silver’s appeal as a precious metal. As a result, silver is quickly becoming the investment of choice for those who recognize its traditional role as a safe haven asset.

While industrial and fabrication demand for silver has recently been impacted by the lower demand for the goods it is used in, an increase in silver investment demand can be expected to continue in the near term.

For investors, this means increasing silver prices and market valuations for the companies that mine the white metal.

Below is a list of my top five favorite silver stocks that are expecting to increase silver production this year.

Five Small Silver Stocks Increasing Production
September 2009

Great Panther Resources (TSX: GPR)
Share Price: $0.90
Market Cap: $77.5 million


Great Panther is a growing primary silver producer with two operating mines in Mexico. The company steadily increased silver production from the mines from 600,000 ounces in 2006 to 1.2 million ounces last year. Great Panther is forecasting another 25% increase in production to 1.5 million ounces this year; they then expect silver production to continuing growing to 2.8 million ounces in 2010.

Silver Standard Resources (NASDAQ: SSRI)
Share Price: $22.00
Market Cap: $1.5 billion
Silver Standard has 16 geopolitically-diverse projects that range from exploration to production. The company’s first major mining operation and flagship Pirquitas mine recently began production. The mine is expected to produce three million ounces of silver in 2009 and to achieve full production of approximately 10 million ounces of silver in 2010.
Fortuna Silver Mines (TSX-V: FVI)
Share Price: $1.50
Market Cap: $137 million
Fortuna Silver is a small production and development company with two main mineral assets: the Caylloma Mine and San Jose Project. At the Caylloma Silver-Lead-Zinc Mine, silver production increased 79% last year to 860,000 ounces. This year, the firm predicts an increase in production — to 1.6 million ounces. Fortuna is still developing the San Jose Silver-Gold Project. The company expects to begin construction of the mine next year and begin silver production in 2011. The San Jose Mine is expected to yield 3.5 million ounces of silver-equivalent annually, bringing Fortuna’s total silver production to 5.5 million ounces.
Endeavour Silver (AMEX: EXK)
Share Price: $2.75
Market Cap: $142 million
Endeavour Silver is a rapidly-growing production firm with two high-grade silver-gold mines in Mexico. The company has ramped up silver output seven-fold in its first four years of production to 2.3 million ounces in 2008. This year, Endeavour forecasts another 17% increase to 2.7 million ounces. The company hopes to reach production capacity of 4.5 million ounces in coming years.
First Majestic Silver (TSX: FR)
Share Price: $2.60
Market Cap: $215 million
First Majestic is building a senior silver producing mining company with a focus on Mexico. The company currently owns three producing silver mines that yielded 3.7 million ounces in 2008. Although production won’t be as high as the company expected earlier this year, First Majestic is still planning to increase production by 22% to 4.5 million ounces.

Good Investing,


Luke Burgess
Editor, Wealth Daily
Investment Director, Hard Money Millionaire and Underground Profits

P.S. A veteran geologist recently told me about a rapidly developing uranium district in Argentina’s Rio Negro Province, where property was being snapped up by major names in the mining industry. Experts recently discovered this region is geologically similar to other regions known to host world-class uranium deposits. That means there could be billions of dollars in untapped uranium reserves waiting to be discovered…

And since the whole story has been kept such a secret, a small handful of companies have staked most of the prime exploration land. In fact one small exploration company was able to get its hands on a massive 1.2 million acres of prime uranium property. This 25-cent stock was worth over $1.00 before the Fukushima disaster; once the fanaticism dies down, I expect share prices to strongly rebound.

That’s why, for the past three weeks, I’ve raced to put together a new video report that details this small uranium exploration company. In this video, I give you the whole story — including more details on the Argentinean uranium region and exactly why I’m so excited about this opportunity. There are plenty of great opportunities in the market now for investors to buy uranium stocks. But some are better than others…

Be sure to check out my #1 uranium stock of 2011.

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