SOURCE: Paragon Financial Limited

Paragon Financial Limited

September 09, 2011 08:16 ET

Hecla Mining and Great Panther Silver Brace for Downturn in Demand

The Paragon Report Provides Equity Research on Hecla Mining & Great Panther Silver

NEW YORK, NY--(Marketwire - Sep 9, 2011) - The Paragon Report examines investing opportunities in the Silver Industry and provides equity research on Hecla Mining Co. (NYSE: HL) and Great Panther Silver Limited (NYSE Amex: GPL) (TSX: GPL). Access to the full company reports can be found at:

A noticeable drop in worldwide manufacturing data has led to concerns regarding industrial demand for silver. The global manufacturing purchasing managers index released by JPMorgan and Markit, a closely watched indicator of world manufacturing output, fell from 50.7 in July to 50.1 in August, and is now only a small fraction above the level of 50 that is traditionally taken to mean contraction.

According to The Silver Institute, more than half of the demand for silver is industrial. Silver can be used for batteries, brazing and soldering, bearings and high-end electronics. Silver is also used in cutting edge solar technology. A recent study commissioned by the Silver Institute titled "The Future of Silver Industrial Demand" argues that "the rise in solar power is arguably the most significant development for silver demand in recent years. This year, demand is expected to reach nearly 70 million ounces, an increase of around 40 percent year-on-year."

The Paragon Report provides investors with an excellent first step in their due diligence by providing daily trading ideas, and consolidating the public information available on them. For more investment research on the silver industry register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Hecla Mining is the largest and lowest cash cost silver producer in the United States. The company has two operating mines and exploration properties in four world-class silver mining districts in the U.S. and Mexico. Last year, Hecla was the lowest-cost primary silver producer in the US, producing 10.6 million ounces of silver at an average total cash cost per ounce of negative $1.46.

Great Panther Silver Limited engages in the acquisition, exploration, and development of precious and base metal properties in Mexico. Last week the company announced the discovery of additional high grade silver-gold mineralization in an extension of the Cata Mine in the core of the Guanajuato Mine Complex.

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