Monday, December 13, 2010

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 dAlene
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 Goldcorps
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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