Eric Original and I thought we should get a list together. Please post what you know here for silver miners. Thank you!
List of Silver Miners that pay dividends
It's not technically a miner but....
Silver Wheaton at $0.12/sh
PAA on the tsx and PAAS i believe in the US, they pay a tiny div of .10 a year
They are the only one besides SVM that are primary silver producers that pay a divvy as far as i know.
that would be $0.12 yearly.
Good Doctor, for now its a short list, but i expect to see a few more starting to hand out divvies, especially if silver heads back over 40$ an oz this fall.
Ive been thinking about dumping my CDE, how long until you think it will bounce back/start offering dividends?
Last time i looked at CDE they had a negative P/E ratio and had 168 million in bank debt with 64 million $ in cash and receivables. They have more in annual production , should do around $950 million gross this year by my estimates , but SVM is much more profitable.
When the earnings come out, SVM will blow CDE's doors off , despite being valued about half .
CDE has one project going in Bolivia, and that is one country i have made a point of staying away from.
CDE did earn $12.46 million in the first Q this year , or about .14 a share. Over a year that would be .56 , so at 32$ silver CDM p/e would be about 42.
SVM should be closer to about 10 or 12 times earnings for the upcoming 12 months, and Q report in august should ( by my estimates) show net profit of over $25 milliion.
Just a guesstimation on my part and i am no analyst.
Looking at the list i have compiled i would say that FIRST Majestic and SILVER STANDARD RES. are the two i would guess to be providing a divvy in the near future. Both are debt -free , have good cash flow , and are already sitting on nice cash reserves.
AG has 85 million in cash and equiv, and SSRI has 232 million .
I like Minefinders as well and that one ranked quite high on my list.
I dont own any of these.
wesdome $0.02 april 13
Yeah Wesdome does pay a small divvy , but i think the gist of this thread was for primary silver miners.
I do know Wesdome produces gold , but dont recall seeing much for silver production.