Eric Original and I thought we should get a list together. Please post what you know here for silver miners. Thank you!
Silvercorp Metals has a quarterly dividend of 2 cents per share.
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.
Folks can we try and keep it to monthly/quarterly/yearly? Thanks. I know the percentage fluctuates but I intend to use monthly/quarterly/yearly rather than a percentage. Depending on how they are paid out. I know some may be an exception to the rule but we will log the data nonetheless.
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.
I kind of figured that. I just thought, "What the heck! Let's get proactive here!"
Plus, it might unearth a stock I hadn't hear of.
But yeah, I am locked and loaded for any dividends coming up. I figure leading that list will be Great Panther, First Majestic, and Endeavour for the juniors and Hecla, CDE (I can't spell that LOL) for the majors. But like you said, once it happens most will want to jump on board. And it will be too bad so sad for the shorties!
Ive been thinking about dumping my CDE, how long until you think it will bounce back/start offering dividends?
Gosh, I'm not sure. I know they had some trouble awhile back and did a 1 to 10 reverse split. There is probably someone here that follows it more than I do. It is a major silver producer and has had quite a run since 2009 with the reverse split though I don't know how that compares to pre split.
As I said there is someone that is probably following it a lot closer than I have. I know they have good reserves. But that is all that I know off the top of my head. Sorry I couldn't be of more help. I will say this. When the miners start jumping again the major producers will bounce back quicker than most juniors and micro caps. It all depends on your time frame.
If you have followed some of my posts in Ginger's silver miners thread you can see some of the metrics I have used to pick stocks. You can apply them to CDE and see how you come out.
You can always start a thread about CDE and see what others think too.
PS I also posted some lengthy posts in the Silvercorp Metals thread that may help you understand what will happen when higher prices produce higher/record earnings from companies like CDE and Silvercorp. Check it out.
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.