SOURCE: The Bedford Report

The Bedford Report

November 29, 2011 08:16 ET

Silver Wheaton and Hecla Mining Look to Catch Up to Strong Precious Metal Prices

The Bedford Report Provides Equity Research on Silver Wheaton & Hecla Mining

NEW YORK, NY--(Marketwire - Nov 29, 2011) - With the price of Silver remaining high, analysts and investors are beginning to question the underperformance of Mining and Streaming stocks. Paul Simon, chief investment officer of Tactical Allocation Group, argues that "investors in miners still have to account for business risk and global uncertainty." Simon adds that "part of the problem miners face is they're located in countries with governments in bad fiscal positions or uncertain political climates." The Bedford Report examines the outlook for companies in the Silver Industry and provides equity research on Silver Wheaton Corporation (NYSE: SLW) (TSX: SLW) and Hecla Mining Co. (NYSE: HL). Access to the full company reports can be found at:

Both the precious metals, gold and silver, kicked off the week on a positive note, on brisk buying by stockists and jewellers for the ongoing marriage season amid a firming global trend. According to recent reports from Bloomberg, silver could be poised to benefit from an improving European economy more than other precious metals as it also serves a purpose as an industrial metal.

Heading into the New Year, silver could be poised to see an uptick. "Conditions in 2012 are likely to remain highly supportive of further growth in investment demand, underpinning additional price gains," Philip Klapwijk, Global Head of Metal Analytics for the group, told an annual meeting of The Silver Institute.

The Bedford Report releases stock research 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 analyst reports and industry newsletters.

Silver Wheaton Corp., a silver streamer, has benefitted from higher silver prices. The company agrees to buy silver from mines, pays up front, and then has the right to purchase some or all of the silver produced from the mine at a fixed cost. Streamers may be more susceptible to major price swings, but for now strong silver prices have provided a boost to revenues. The company forecasts 2011 attributable production of 25 to 26 million silver equivalent ounces, including 15,000 ounces of gold.

Hecla Mining says that realized metals prices continued to increase significantly in 2011 compared to 2010. Realized silver prices in the third quarter of 2011 exceeded those of the same period last year by 73%, while for the first nine months of the year, realized prices were 89% higher than in the same period in 2010.

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