Exquisite and Amazing & strategic class prices

According to The Silver Institute, worldwide use of silver in the production of solar panels will total 100 million ounces a year by 2015 roughly equal to 13% of total current mine production. Solar panel manufacturers have actually cut down on the silver paste used in panels because of higher silver prices in recent years. Prestige Lakeside Habitat The 100 million ounces a year is the silver being used at the reduced rate.

Silver is highly prized in coins and jewellery, valued for thousands of years around the world as a precious metal. It is as well as the king of useful industrial metals in our electronic age. And because of its necessity in making solar panels, silver is arguably the greenest of metals.

But despite its value and all of its uses, the stocks of companies that mine for silver have been demolished in recent months, culminating with a real pukefest on Friday. Silver speculators more in the stocks than in the metal itself have been feeling squeamish lately.

Now the stocks of silver producing companies are bargains.   Here are three examples of bargain silver stocks.

Endeavour Silver Corp.

Endeavour Silver is a mid-tier silver producer that has been expanding mightily.  Endeavour has grown its silver production by almainly 1000% in the past seven years. The firm has three producing mines in Mexico and a number of good exploration venture s.

In 2012, Endeavour’s three mines produced 4.48 million ounces of silver and 38.5 thousand ounces of gold. The company’s third mine in Mexico is just ramping up to full production, so 2013 will show bigger production numbers.

The first quarter production numbers released last week showed that the firm produced 1.49 million ounces of silver and 15,000 ounces of gold. Endeavour expects to produce over 5 million ounces of silver and over 46,000 ounces of gold this year, and is well on its way to meet those targets.

Two partners who had been with the Richmond investment advisory firm Cary Street Partners have joined a Latest York-based investment advisory firm with a Virginia office.

Silver crest Asset Management Construction LLC said Tuesday that it has named A. Marshall Acuff Jr. and Palmer P. Garson as managing directors to augment the firm’s Virginia presence. Founded in 2002, Silver crest has offices in Latest York, Los Angeles, Boston and Charlottesville and has assets under management of $14.6 billion.

Acuff will be a member of Silver crest’s investment Policy and Strategy Committee.

In addition to working as a managing director and chief investment officer at Cary Street Partners, Acuff worked for more than 30 years at Smith Barney.

Garson has worked in financial services for more than 25 years. She was a co-founder of Jefferson Capital Partners, a private-equity firm, and worked for Morgan Stanley & Co., A.G. Edwards and Mellon Bank.

Summary Silver Crest is one of the extremely few silver mining companies that were actually free cash flow-positive in the second quarter. It's not just the free cash flow which looked appealing to First Majestic, but as well as the working capital position, which increased to in excess of $50M. It's a pity Silver Crest is being bought out, as I'd have been really curious about how the company's future would have been on a standalone basis. Introduction In an article I wrote about the second-quarter financial results of First Majestic Silver NYSE:AG, I explained that the firm was probably entering Silver crest Asset Management, the Latest York-based ultra-high-net-worth investment advisory created by former senior high-net-worth officials from Credit Suisse Asset Management/Donaldson, Lufkin & Jenrette, is acquiring James C. Prestige Lakeside Habitat Bangalore Edwards Asset Management, a Latest York private client investment counselling firm. The deal was expected to close last week, and Silver crest clients were notified two weeks ago Moffett Cochran, and former CSAM president, declining to disclose the price of the acquisition. Once the deal is completed, Silver crest will discontinue the JCE name and gain $1 billion of assets under management, said Cochran.

Cochran was introduced to the four JCE principals over a year ago through mutual friends.