SOURCE: Five Star Equities

Five Star Equities

February 21, 2012 08:20 ET

Shares of Hecla Mining and Great Panther Silver Surging in February

Five Star Equities Provides Stock Research on Hecla Mining & Great Panther Silver

NEW YORK, NY--(Marketwire - Feb 21, 2012) - Silver stocks have been on a tremendous run in 2012 with precious metals demand showing no signs of slowing. The Global X Silver Miners ETF (SIL) is up more than 15 percent this year -- keeping pace with the iShares Silver Trust (SLV) which is up nearly 20 percent in 2012. Five Star Equities examines the outlook for companies in the Silver Industry and provides equity research on Hecla Mining Co (NYSE: HL) and Great Panther Silver Ltd. (NYSE Amex: GPL) (TSX: GPR). Access to the full company reports can be found at:

While industrial silver demand from emerging markets was strong in 2011, Walter de Wet, strategist in London for South African bullion and investment bank Standard Bank, warns that China's new demand for silver "is not very strong at the moment," highlighting a sharp decline in Shanghai premiums -- over and above the London price, which acts as the world benchmark -- down from as much as $5 per ounce last summer to below 50 cents in February.

Standard Bank argues that Chinese warehouses currently hold enough silver to meet the country's industrial demand for 15 months. That surplus has risen sharply from 12 months' worth in 2011.

Five Star Equities releases regular market updates on the Silver industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous stock reports and industry newsletters.

Hecla Mining Company is the largest and lowest cash cost silver producer in the U.S. The company has two operating mines and exploration properties in four world-class silver mining districts in the U.S. and Mexico. Last week the company reported silver reserves and resources of 148 million ounces and 281 million ounces, respectively, as of December 31, 2011. The company reported that its 2012 exploration budget is expected to be approximately $28.0 million.

Great Panther Silver Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of precious and base metal properties in Mexico.

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