5 Gold Stocks in Focus

Silver Wheaton Corp. (USA) (NYSE: SLW) recently announced that series “B” common share purchase warrants are expiring on December 22, 2010. The warrant holders would receive one share of Silver Wheaton upon exercise of one warrant and payment of the exercise price of C$10.00 prior to their expiry. The U.S. persons may only exercise the warrants pursuant to certain exemptions as set out in the subscription form on the back of the warrant certificate. Silver Wheaton engages in mining, which generates its revenue primarily from the sale of silver. Hecla Mining Company (NYSE: HL) recently declared preferred dividends and provided update on mandatory conversion of preferred stock. The Board of Directors elected to declare the regular quarterly dividend of $0.875 per share on the outstanding series B Cumulative Convertible Preferred Stock and the final quarterly dividend of $1.625 per share on the outstanding 6.5% mandatory convertible preferred stock. These will also automatically convert into shares of common stock on January 1, 2011. The regular quarterly dividend represents a total amount to be paid of approximately $138,000. The cash dividend would be paid on January 1, 2011, to shareholders of record on December 15, 2010. Hecla mining company engages in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc. Pan American Silver Corp. (USA) (NASDAQ: PAAS) recently announced the receipt of the Premio Desarrollo Sostenible 2010 award (“2010 Sustainable Development Award”) in the category of promoting initiatives for local development – mining for its exemplary work in social and environmental management. The awards are granted annually as part of a nation-wide initiative by the National Association of Mining, Petroleum and Energy. Pan American engages in silver mining and related activities, including exploration, extraction, processing, refining and reclamation. Coeur d’Alene Mines Corporation (NYSE: CDE) recently announced the redemption of all of its outstanding 1.25% Convertible Senior Notes due 2024. As of December 9, 2010, there were $1,859,000 aggregate principal amount of notes outstanding. The notes will be redeemed on January 21, 2011 at a redemption price of 100% of the principal amount. Coeur engages in the operation, ownership, development and exploration of silver and gold mining properties and companies located primarily within South America (Chile, Argentina and Bolivia), Mexico (Chihuahua), United States (Nevada and Alaska) and Australia (New South Wales). Goldcorp Inc. (USA) (NYSE: GG) recently announced that the Australian Court approved the Goldcorp’s acquisition of Andean resource. Goldcorp engages in the operating, exploration, development and acquisition of precious metal properties in Canada, the United States, Mexico and Central and South America. This corporate profile is provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell SLW, HL, PAAS, CDE and GG at any time after this post.
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