Today’s Trade Alerts include: Silver Wheaton Corp. (NYSE: SLW), Hecla Mining Company (NYSE: HL), Coeur d'Alene Mines Corp. (NYSE: CDE), Silver Standard Resources Inc. (Nasdaq: SSRI), Apex Silver Mines Limited (AMEX: SIL) and Pan American Silver Corp. (Nasdaq: PAAS).
“Silver Wheaton Corp. (SLW) shares slipped 2.34%, or 26 cents, to $10.87 in Thursday’s mid-morning trading. Silver Wheaton engages in the silver production. The company recently announced its proposal to warrant holders for the early exercise of Silver Wheaton's two series of publicly-traded warrants was approved by an average vote of 95% in favor of the proposal at a meeting of the holders of the two series of warrants. In addition, disinterested shareholders voting by proxy also approved the proposal with 97% voting in favor...
“The proceeds of the warrant exercise (a maximum of approximately Cdn$136 million if all warrants are exercised early) will be available to fund future growth opportunities …
“The company purchases silver from Goldcorp mines in Mexico, Zinkgruvan Mine in Sweden, Yauliyacu Mine in Peru and Stratoni Mine in Greece...”
“Hecla Mining Company (HL) shares slipped less than 1%, or 6 cents, to $7.04 Thursday morning. Hecla Mining, a precious metals company, engages in the discovery, acquisition, development, production and marketing of silver, gold, lead and zinc…
“The company recently reported decreases in gross profit of $15.1 million and $17.1 million during the second quarter and first six months of 2008, respectively, compared to the same 2007 periods…
“The company also reported silver production of 2.4 million ounces for the second quarter of 2008, a 60% increase over the same period a year ago, while second quarter financial results showed a loss applicable to common shareholders of $44.4 million, or 35 cents per share, on revenue of $64 million…”
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