Endeavor Silver Reports Record Production in Q1 2012

" Endeavour Silver Reports Record Production in First Quarter, 2012; Produces 1,072,491 oz Silver (Up 19%) and 6,321 oz Gold (Up 26%); Final NI 43-101 Reserve and Resource Report Results in Minor Adjustments to Reserves and Resources

Silver production was up 19% to 1,072,491 ounces (oz) and gold production was up 26% to 6,321 oz compared to the First Quarter 2011. Revenues were up 39% to US$49.0 million thanks to both the higher metal production and higher realized gold prices."

Here is definitely something to take note of below. The company and management are doing something very smart here in my opinion:
 

"Note: In January and February, 2012, gold and silver prices enjoyed a significant rebound from their lows in December, 2011. Endeavour therefore elected to sell most of the precious metal inventory it accumulated in Q4, 2011 in order to capture the higher gold and silver prices. However, gold and silver prices corrected sharply once again in March 2012 so Endeavour management once again chose to accumulate its precious metal production in Q1, 2012 rather than sell at depressed prices. Management plans to monitor precious metal prices closely and sell some (or all) of the silver and gold inventory at appropriately higher metal prices, or if the need arises for more cash."

Source: www.edrsilver.com. 

I am long EXK.

 

Huldra Silver - Keep an Eye on this One

Huldra silver is one silver stock that could be in production very soon and is a stock I would keep an eye on for 2012.

From a recent Seeking Alpha article, from author Jordan Roy-Byrne:

"There's one company that we've just begun covering that we really like. We met with management at the Prospectors and Developers Association of Canada (PDAC) conference. It's Huldra Silver Inc. (HUSIF.PK) and is going to be a new high-grade silver producer. It is expecting its final permit in April before it can go into production at its Treasure Mountain property.

 It's very well structured and also tightly held and currently has less than a $45M market cap. Once it gets going, management expects to produce 2 Moz/year. That would be very significant for this new tiny company relative to its market cap. We think there's some good near-term upside with very high leverage to rising silver prices. A move in silver above $40/oz could be a second major catalyst for Huldra Silver. Finally, the cash flow from production will enable the company to invest in developing and expanding the resource at Treasure Mountain while maintaining the share structure."

Share structure

Common Shares Issued & Outstanding	33,689,300
Warrants	9,572,662
Options	2,563,334
Fully Diluted	46,325,485

Huldra is also Chris Marchese's #1 silver stock for 2012. From the Motley Fool blogs: "Huldra Silver - This is a story that been kep under the radar for quite some time but is looking good for at least a 2-3 bagger and perhaps a core holding in ones portfolio."

Finally, according to a Pope and Company Analyst Report, these are the top 3 shareholders of Huldra:
"Management & Board of Directors ~13% Sprott Asset Management    9.6% Coeur D’Alene Mines Corp. (CDE: NYSE) 6.8%"

Very intriguing, indeed! 

I have no position in Huldra, but may initiate a position within the next 72 hours.

How Much is 78 Million Ounces of Silver Worth?

"SOLTORO REPORTS NI 43-101 COMPLIANT 77.4 MILLION OUNCE IN PIT SILVER RESOURCE AT THE EL RAYO PRIMARY SILVER DEPOSIT IN JALISCO, MEXICO

Soltoro Ltd. (SOL:TSX-V) has received an in pit measured and indicated resource estimate of 77.4 million ounces silver on its 100% owned El Rayo silver project in the State of Jalisco, Mexico.

The NI 43-101 compliant Mineral Resource was estimated by Roscoe Postle Associates Inc. (“RPA”), and includes an updated estimate for the Las Bolas and Highway Zone structures and an initial estimate for the La Soledad structure. La Soledad is a newly discovered deposit where drilling is ongoing with the objective of extending silver mineralization along strike and at depth.

To date the Company has only tested a 600 metre section of the La Soledad structure where an associated series of airborne magnetic anomalies has been traced for over six kilometres. The current resource does not include any estimate for the La Catarina mine area where seven holes were recently completed to confirm a historic resource."

Source: www.soltoro.com

My Top Books on Gold and Silver Investing

There are a bunch of books out there on personal finance, money, investing, and of course, gold and silver investing. It can certainly be a daunting task to find a good starting point.

So I hope I can help you out here. I have read almost every gold and silver investing book out there, and here are what I consider to be my top picks. 

Read more: http://www.infobarrel.com/Best_Gold_and_Silver_Investing_Books#ixzz1ginsRfEC

Yup, this is on the list! 

The Most Important Video You'll Ever Watch?

Check this out ASAP:

What is Silver and Why You Should Be Buying it!

There is a reason Robert Kiyosaki, author of Rich Dad, Poor Dad,  has dubbed silver "the best opportunity I have ever seen."

Today is Dec. 14, 2011, with one of the biggest one-day drops in the silver price in recent memory. Silver is back down under $29.

The price of silver is VERY volatile, so investing in this metal is not for the faint of heart. I have been a buyer since it was in the low-20's, only to watch the price then shot up to $49, only to crash down...

*Despite the big drop today, over the long-term I STILL believe Silver could be worth well over $250! 

Silver is no doubt one of the most interesting investments out there.

Read more about silver including it many day-to-day uses in our lives: http://www.infobarrel.com/The_Many_Uses_of_Silver_and_Why_You_Should_Invest#ixzz1gZjTJyBa