Yamana and Hecla
Please find below my recent earnings discussions regarding Yamana Gold and Hecla Mining:
Yamana Lights Up the Gold World:
"Delivering on another important aspect of this Fool's longstanding plan -- Yamana delivered substantial organic reserve growth, expanding reserves (net of production) by 11% to reach 18.6 gold-equivalent ounces. That total includes 82.9 million ounces of silver, which surpasses (for now, anyway) even the noteworthy silver reserves held by the fast-growing primary silver producer First Majestic Silver (NYSE: AG ) ! With 2.6 billion pounds of copper in reserves, Yamana boasts a stash equivalent to 60% of the reserve base at Taseko Mines' (AMEX: TGB ) flagship Gibraltar mine. More important for investors to understand is that much of Yamana's reserve growth in 2011 came from existing mines, including reserve additions of 20% each at El Penon and Jacobina"
Sprawling Blue Skies over Hecla Mining:
"40 million reasons to get excited about Hecla's project in Colorado
I have identified Hecla's unique portfolio of properties in proven silver districts as a high-probability road to new discoveries of world-class silver mines to drive the company's long-term growth profile, and Hecla's $28 million exploration budget for 2012 underscores the company's belief in those strategic assets. Hecla will allocate the greatest exploration effort to its San Juan Silver project in Colorado, where CEO Phillips Baker Jr. believes the 40 million-ounce resource acquired with the property package will "convert to reserves quite quickly." Within a 25-mile district-scale land package built around Homestake Mining's truly legendary Bulldog mine that operated until 1985, the proverbial haystack in which Hecla digs for needles is far smaller than those of its rivals."