EdgeWater 10/13/2010 7:42:21 AM
News / Finance

Silver Stocks Pulling Back (HL, SLW, CDE, SVM)

Silver Stocks Take a Hit

Hecla Mining Company (NYSE:HL) dropped 1.79% to $6.60. Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc. The Company produces lead, zinc and bulk concentrates, which it sells to custom smelters, and unrefined gold bullion bars (dore), which may be sold as dore or further refined before sale to precious metals traders.

The stock opened at $6.69 and traded within the range of $6.60-$6.69. The stock went up more than 5% year-to-date. 

Silver Wheaton Corp. (USA) (NYSE:SLW) fell 1.84% to $26.10. The company will release the third quarter financial results on Monday, November 8, 2010, after close of trading.

Over the past 52-week, the stock had traded within the range of $11.86-$27.31. 

Coeur d'Alene Mines Corporation (NYSE:CDE) lost 2.17% to $19.41. Coeur d’Alene Mines Corporation is a silver producer with gold assets located in North America. The Company owns, either directly or indirectly, 100% of Coeur Mexicana S.A. de C.V., which operates the underground and surface Palmarejo silver and gold mine in Mexico.

The stock opened at $19.73 and traded within the range of $19.36-$19.73. The stock went up more than 6% year-to-date.

Silvercorp Metals Inc. (USA) (NYSE:SVM) declined 2.66% to $8.43. Silvercorp Metals Inc. is a silver producing company. During the fiscal year ended March 31, 2010 (fiscal 2010), Silvercorp mined 406,754 tons of ore. In fiscal 2010, the Company produced and sold 4.6 million ounces of silver, 62.4 million pounds of lead and 14.7 million pounds of zinc.

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