SOURCE: Paragon Financial Limited

Paragon Financial Limited

October 27, 2011 08:16 ET

Portage Resources and Fortuna Silver Benefit From Peru's Rich Resources

The Paragon Report Provides Equity Research on Portage Resources & Fortuna Silver Mines

NEW YORK, NY--(Marketwire - Oct 27, 2011) - Precious metals explorers have been actively expanding operations in Peru for many years. Peru is the world's largest producer of silver, 3rd largest of copper and 5th largest of gold, with gold accounting for roughly one third of Peru's export revenue. The Bedford Report examines the outlook for the Precious Metals Market and provides equity research on Portage Resources (PINKSHEETS: POTG) and Fortuna Silver Mines, Inc. (NYSE: FSM) (TSX: FVI). Access to the full company reports can be found at:

According to Business Monitor International (BMI), the Peruvian mining sector is expected to grow by 8.3% in real terms to reach $19 billion in 2011, a slowdown in growth from 15.7% in 2010. Despite falling grades across Peru's mining sector in 2011, BMI forecasts the value of the Peruvian mining industry will grow by an average of 8.5% a year from 2011 to 2015, in light of major expansions across the sector.

Of concern is the modest downturn in precious metal prices. Silver prices have been volatile of late as signs of a strengthening US economy has pushed the dollar up, and taken away the metal's safe haven appeal. Meanwhile, a slowing Asian economy has led to concerns regarding industrial silver demand.

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 Precious Metals Market register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Portage Resources Inc. is focused on the exploration and production of precious and base metals in Peru. Portage Resources has signed a number of agreements to acquire mining properties in Peru, including a mining concession near the Antamina Mine located in the Ancash Region. Portage argues that "Antamina has had the highest investment in the history of Peruvian mining, with an initial investment of approximately US$2.2 billion."

Fortuna is a silver and base metal producer focused on mining opportunities in Latin America. Our primary assets are the Caylloma Silver Mine in southern Peru and the San Jose Silver-Gold Mine in Mexico. The Company is on schedule to deliver 2.4 million ounces of silver and 7,530 ounces of gold in 2011.

The Paragon Report has not been compensated by any of the above-mentioned publicly traded companies. Paragon Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at