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Endeavour Silver (EXK): 'Massive Organic Growth'

"If you're looking for a way to play the rise in silver without having to take on the risk of futures positions, Endeavour Silver (EXK) should be at the top of your list of potential investments," says Jack Barnes.

The contributing editor to Money Morning explains, "Endeavor recently released its annual results for 2010; to say that they hit the ball out of the park would be an understatement.

"Founded in 1981, Endeavour Silver is based out of Vancouver, Canada. The company has more than 750 full-time employees, with production of gold and silver in Mexico. It has a market cap of about $700 million, with an enterprise value of $574 million, once net debt and cash is accounted for.

Continue reading Endeavour Silver (EXK): 'Massive Organic Growth'

Gold and silver mining speculations

Gold and silver"The technical picture for gold is getting better by the day," says Eric Roseman. In his Commodity Trend Alert, he notes, "The last 16 months have been painfully boring for gold bugs. But every asset class has its day, and right now it's time for gold to shine once again."

The advisor considers Eldorado Gold (ASE: EGO) a speculative favorite. He explains, "Eldorado Gold is a $1.7 billion dollar company with operations in Brazil, China and Turkey. Management is strong, and despite a recent political spat with the Turkish government in July, earnings are booming."

He continues, "The stock is a perfect addition to our mining portfolio because it earns a net profit, has tangible reserves and has boosted its free cash flow."

In August, he observes, EGO reported strong Q2 results with net income rising to a record $26.7 million dollars, or $0.08 per share compared to $0.00 a year earlier. He states, "During the second quarter, Eldorado sold 112,702 ounces at an average price of $664 an ounce – one heck of a healthy margin."

Continue reading Gold and silver mining speculations

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Last updated: February 10, 2012: 06:33 PM

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