Silver Standard Resources - Weiter auf dem Weg nach oben! (Seite 50)
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ISIN: CA7847301032 · WKN: A2DVLE · Symbol: ZSV
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Letzter Kurs 19.04.24 Tradegate
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Werte aus der Branche Rohstoffe
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 31,90 | +18,10 | |
| 0,8000 | +17,65 | |
| 0,5500 | +14,61 | |
| 11,420 | +11,41 | |
| 4,9300 | +10,04 |
| Wertpapier | Kurs | Perf. % |
|---|---|---|
| 2,1800 | -9,17 | |
| 69,01 | -9,53 | |
| 0,5150 | -9,65 | |
| 0,7997 | -12,16 | |
| 4,2300 | -17,86 |
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Wenn man die letzten News so liest, könnte man meinen, es handelt sich hier um eine Pommesbude, und nicht etwa um einen Silberproduzenten...
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SSO-2106661
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SSO-2106661
Mal schauen, ob der Abverkauf noch weiter geht!
Offenbar ist Silber für die Anleger nichts mehr wert...
Offenbar ist Silber für die Anleger nichts mehr wert...
The Gold Report Interview with Ash Guglani
(8/26/13)
"Silver Standard Resources Inc. [is a] Buy. . .the company just reported a good operational quarter. . .Silver Standard has one operating mine, Pirquitas in Argentina. The company has the big Pitarilla silver-lead-zinc project in Mexico and it has a whole bunch of little projects in its portfolio that it could potentially develop. I think Silver Standard's main focus right now is increasing efficiency at Pirquitas. I believe it is looking for a partner for Pitarilla. The beauty of Silver Standard is that it has a pretty sizeable cash position that allows it control over its production profile. The company also has projects that it could divest, if it needed more cash, including a sizeable position in Pretium. Silver Standard is in a great position right now."
http://www.theaureport.com/pub/co/290#quote
(8/26/13)
"Silver Standard Resources Inc. [is a] Buy. . .the company just reported a good operational quarter. . .Silver Standard has one operating mine, Pirquitas in Argentina. The company has the big Pitarilla silver-lead-zinc project in Mexico and it has a whole bunch of little projects in its portfolio that it could potentially develop. I think Silver Standard's main focus right now is increasing efficiency at Pirquitas. I believe it is looking for a partner for Pitarilla. The beauty of Silver Standard is that it has a pretty sizeable cash position that allows it control over its production profile. The company also has projects that it could divest, if it needed more cash, including a sizeable position in Pretium. Silver Standard is in a great position right now."
http://www.theaureport.com/pub/co/290#quote
Kostenreduzierung: http://www.fool.com/investing/general/2013/08/22/this-silver…
Antwort auf Beitrag Nr.: 45.282.343 von pw1961 am 20.08.13 08:34:57
http://www.tradesignalonline.com/ext/edt.ashx/wo/003be875-cb…
http://www.tradesignalonline.com/ext/edt.ashx/wo/003be876-cb…
Trading Spotlight
Antwort auf Beitrag Nr.: 45.262.257 von muenchenguru am 16.08.13 00:40:35
http://www.tradesignalonline.com/ext/edt.ashx/wo/003be6bd-cb…
http://www.tradesignalonline.com/ext/edt.ashx/wo/003be6be-cb…
Die Ichimoku-Signale im Tageschart: 5 x Long
Die Ichimoku-Signale im Tageschart: 5 x Long
Hier die Antwort auf meine Frage, es handelt sich also bei den umgerechnet 14,86 $ um Netto payable Silber oder wie man das nennen mag, jedenfalls sind da die meisten Kosten mit drin.
Hello Mr. XXX,
Thank you for your email. Gross revenue includes 2.085 million payable ounces of silver at an average silver price of $22.47 per payable ounces and 2.2 million pounds of zinc sold at $0.88 per pound (it is an industry standard that approximately 85% of zinc sold is payable) for a gross revenue of approximately $48.5 million. The gross revenue of $48.5 million less approximately $3.7 million in treatment and refining charges, less approximately $12 million in marked-to-market price adjustment and final settlement leads to a net revenue of $32.7 million as reported on our financial statements.
Please refer to note 13 of the MD&A for the reported payable silver ounces and treatment and refining charges.
I hope this helps answer your question.
Kind regards,
Stacey
Svetoslava (Stacey) Pavlova
Manager, Investor Relations
Silver Standard Resources Inc.
Suite 800 – 1055 Dunsmuir Street
PO Box 49088
Vancouver, BC V7X 1G4
______________________________________________
Subject: question ref. to revenue
Dear Sirs,
could you please clarify the following from your Q2-Report:
Sold consistently into long-term sales contracts: Sold 2.2 million ounces of silver, generating revenue of $32.7 million .
This would translate into 14,86 $ per Oz Ag. What is this number referring to,
is this really the gross revenue for all payable silver ?
Thank you very much for your clarification,
Regards,
Hello Mr. XXX,
Thank you for your email. Gross revenue includes 2.085 million payable ounces of silver at an average silver price of $22.47 per payable ounces and 2.2 million pounds of zinc sold at $0.88 per pound (it is an industry standard that approximately 85% of zinc sold is payable) for a gross revenue of approximately $48.5 million. The gross revenue of $48.5 million less approximately $3.7 million in treatment and refining charges, less approximately $12 million in marked-to-market price adjustment and final settlement leads to a net revenue of $32.7 million as reported on our financial statements.
Please refer to note 13 of the MD&A for the reported payable silver ounces and treatment and refining charges.
I hope this helps answer your question.
Kind regards,
Stacey
Svetoslava (Stacey) Pavlova
Manager, Investor Relations
Silver Standard Resources Inc.
Suite 800 – 1055 Dunsmuir Street
PO Box 49088
Vancouver, BC V7X 1G4
______________________________________________
Subject: question ref. to revenue
Dear Sirs,
could you please clarify the following from your Q2-Report:
Sold consistently into long-term sales contracts: Sold 2.2 million ounces of silver, generating revenue of $32.7 million .
This would translate into 14,86 $ per Oz Ag. What is this number referring to,
is this really the gross revenue for all payable silver ?
Thank you very much for your clarification,
Regards,
Antwort auf Beitrag Nr.: 45.249.455 von pw1961 am 14.08.13 15:43:32
http://www.tradesignalonline.com/ext/edt.ashx/wo/003be260-cb…
http://www.tradesignalonline.com/ext/edt.ashx/wo/003be262-cb…
Antwort auf Beitrag Nr.: 45.217.897 von Tschonko am 09.08.13 15:38:44
http://www.tradesignalonline.com/ext/edt.ashx/wo/003be153-cb…
http://www.tradesignalonline.com/ext/edt.ashx/wo/003be154-cb…
Antwort auf Beitrag Nr.: 45.210.393 von Tschonko am 08.08.13 17:48:28Fasst die Lage gut zusammen!
http://seekingalpha.com/article/1622542-silver-standard-the-…
Silver Standard: The Good, Bad, And Ugly
Aug 9 2013, 08:43
Disclosure: I am long SSRI. (More...)
By Ivan Y.
Silver Standard's (SSRI) earnings report provided both positive and negative news for investors. The company had already released operational results a few weeks earlier, so there were no surprises concerning production at the Pirquitas mine in Argentina.
1,733 people received this article by email alert
Add your email to get alerts on SSRI too:
Get email alerts on SSRI »
The Good
It's good to see that the company has reacted quickly to a significantly lower price of silver. About 25% of their office employees have been let go, as well as 7% of their employees in Argentina. The company has also cut back on exploration expenses for the rest of the year and will focus exploration spending only on Mexico for the rest of the year.
Cash cost to produce silver at Pirquitas was lower than expected this quarter. More importantly, the cash cost for the rest of the year was lowered significantly from between $17 and $18.50 to between $14 and $15. This was a pleasant surprise and something I had not expected.
After an analyst brought up the subject, management acknowledged the possibility that capex for developing Pitarrilla could be reduced. Currently, the company is expecting to spend $741 million for development.
The Bad & Ugly
The company recorded negative operating income for the first time in a year. This was due mainly to a large impairment charge at Pirquitas. Even without the charge, operating income would've been negative this quarter due to lower silver prices. Their last operating loss was in the same quarter in 2012.
SSRI's impeccable balance sheet took a huge hit in Q2. First, cash on the balance sheet declined by $26 million from $461.8 to $435.8 million. The company's cash had increased in the previous four quarters. Second, there was an asset write-down of $202 million for the Pirquitas mine due to lowered expectations for the price of silver. An additional $20 million was written down for other assets. This resulted in the value of their Property, Plant, & Equipment to decline by roughly one-third. It now stands at $395.8 million. The write-down was a likely scenario given the dramatic decline in the price of silver in Q2, but I have to say it was a lot larger than I expected. The company's book value now stands at $860 million, down from $1.12 billion in Q1.
Unanswered Questions
What are they going to do with their 18.6% stake in Pretium (PVG)? That stake is currently worth about $150 million. Is the plan to hold on to this as an investment? Or sell it for cash when they need additional cash to develop the Pitarrilla mine?
How will Pitarrilla be financed? They have indicated that they will seek a financial partner, but who will it be? A joint venture with another operating company is a strong possibility given that management has stated that to be their preference, but is a royalty agreement with a streaming company like Silver Wheaton (SLW) also being considered? More information should emerge in the next several months.
When will they make the final decision on whether to move Pitarrilla into development? On the conference call, the CEO said they will "make sure" the project moves into the construction phase. But when will the official decision be made? It was supposed to be sometime this year, but with a depressed silver price, I wouldn't be surprised if they pushed the decision out to 2014. If that happens, the beginning of production would also get pushed out. SSRI expects development to take three years.
Final Thoughts
Despite the hit to the cash level and the huge hit to the book value, SSRI still represents a great value for those inclined to invest in silver mining companies. As I said before in a previous article, I am not a fan of mining companies in general, but SSRI is cash-rich and has the Pitarrilla property, which should be a substantial cash flow machine for the company starting in possibly 2016.
Pretium zu verkaufen wäre Schwachsinn!
Pitarrilla muss sich auch so finanzieren lassen, wenn der Silberpreis höher ist. Bei Silber 50 würde man auch eine günstige debt Finanzierung ohne verwässerung hinbekommen
Vorher Finger weg! Und ebenso Finger weg von SLW!
Grüße
T.
http://seekingalpha.com/article/1622542-silver-standard-the-…
Silver Standard: The Good, Bad, And Ugly
Aug 9 2013, 08:43
Disclosure: I am long SSRI. (More...)
By Ivan Y.
Silver Standard's (SSRI) earnings report provided both positive and negative news for investors. The company had already released operational results a few weeks earlier, so there were no surprises concerning production at the Pirquitas mine in Argentina.
1,733 people received this article by email alert
Add your email to get alerts on SSRI too:
Get email alerts on SSRI »
The Good
It's good to see that the company has reacted quickly to a significantly lower price of silver. About 25% of their office employees have been let go, as well as 7% of their employees in Argentina. The company has also cut back on exploration expenses for the rest of the year and will focus exploration spending only on Mexico for the rest of the year.
Cash cost to produce silver at Pirquitas was lower than expected this quarter. More importantly, the cash cost for the rest of the year was lowered significantly from between $17 and $18.50 to between $14 and $15. This was a pleasant surprise and something I had not expected.
After an analyst brought up the subject, management acknowledged the possibility that capex for developing Pitarrilla could be reduced. Currently, the company is expecting to spend $741 million for development.
The Bad & Ugly
The company recorded negative operating income for the first time in a year. This was due mainly to a large impairment charge at Pirquitas. Even without the charge, operating income would've been negative this quarter due to lower silver prices. Their last operating loss was in the same quarter in 2012.
SSRI's impeccable balance sheet took a huge hit in Q2. First, cash on the balance sheet declined by $26 million from $461.8 to $435.8 million. The company's cash had increased in the previous four quarters. Second, there was an asset write-down of $202 million for the Pirquitas mine due to lowered expectations for the price of silver. An additional $20 million was written down for other assets. This resulted in the value of their Property, Plant, & Equipment to decline by roughly one-third. It now stands at $395.8 million. The write-down was a likely scenario given the dramatic decline in the price of silver in Q2, but I have to say it was a lot larger than I expected. The company's book value now stands at $860 million, down from $1.12 billion in Q1.
Unanswered Questions
What are they going to do with their 18.6% stake in Pretium (PVG)? That stake is currently worth about $150 million. Is the plan to hold on to this as an investment? Or sell it for cash when they need additional cash to develop the Pitarrilla mine?
How will Pitarrilla be financed? They have indicated that they will seek a financial partner, but who will it be? A joint venture with another operating company is a strong possibility given that management has stated that to be their preference, but is a royalty agreement with a streaming company like Silver Wheaton (SLW) also being considered? More information should emerge in the next several months.
When will they make the final decision on whether to move Pitarrilla into development? On the conference call, the CEO said they will "make sure" the project moves into the construction phase. But when will the official decision be made? It was supposed to be sometime this year, but with a depressed silver price, I wouldn't be surprised if they pushed the decision out to 2014. If that happens, the beginning of production would also get pushed out. SSRI expects development to take three years.
Final Thoughts
Despite the hit to the cash level and the huge hit to the book value, SSRI still represents a great value for those inclined to invest in silver mining companies. As I said before in a previous article, I am not a fan of mining companies in general, but SSRI is cash-rich and has the Pitarrilla property, which should be a substantial cash flow machine for the company starting in possibly 2016.
Pretium zu verkaufen wäre Schwachsinn!
Pitarrilla muss sich auch so finanzieren lassen, wenn der Silberpreis höher ist. Bei Silber 50 würde man auch eine günstige debt Finanzierung ohne verwässerung hinbekommen
Vorher Finger weg! Und ebenso Finger weg von SLW!
Grüße
T.
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