GETTING DOWN TO THE DIRTY ON SILVER MINER PROFITS

By SD Contributor SRSrocco:

A few days ago, I presented a table on the top silver miners COST OF SALES ratio.
I have put together another one showing the OPERATING EARNINGS.

According to my data, the top 2 in both tables, First Majestic & SilverCorp have the best low cost structure of the bunch.  They also showed the highest net income percentage compared to the others.
Here is the breakdown: [Read more...]

First Majestic CEO Keith Neumeyer, “I am a Triple Digit Silver Guy, so I think we are going back to a ratio of silver to gold in the 20 range.”

Keith Neumeyer, CEO of First Majestic Silver Corp.,  Exclusive Radio Interview With BullRun of SilverDoctors.com.

When asked on his views of the future of the metal….

I am comfortable with investing part of our revenue or part of our earnings into the metal.

We did invest $10 million in the PSLV which is Sprott’s ETF.  We are the only mining company that actually invested in that fund.  Quite surprisingly to me, I communicated with I think 5 other silver mining companies’ CEOs over a period of week prior to that offering by Sprott.  I told them that First Majestic would participate in the offering and I asked them to participate as well.  Not one of them did to my surprise.  We are happy to do it, but it was a bit surprising that other miners did not participate. 

First Majestic Silver Corp. is the first silver miner to be featured on SilverDoctors.com and has given us 7- 1/2 oz promotional rounds to be given out to SD Readers.  Silver rounds will be awarded as part of daily contests from 4/15-4/21.

 

FULL INTERVIEW BELOW NOW AVAILABLE:
[Read more...]