The Reno Nevada based company, Tahoe Resources, Inc. when public the other day to help fund acquisitions of mines that will increase revenue and margins for the resource company.
They’ve gone through with the sale of 58 million shares at C$6 a share to raise enough money to purchase a silver mine in Guatemala for $330 million USD. The IPO represented selling on the open market a 56 percent stake in the company which now, with this IPO has a market cap of C$624.
The company will be traded on the Toronto Stock Exchange under the symbol THO. The purchase of the silver mine was made from Goldcorp, the world’s second-largest gold producer based on market cap.
There are always people that hesitate to invest in silver or gold because they think it is too high and a year later the price has doubled more or less. The time to buy is when you have the cash on hand. So silver is almost $30. So what. There’s less silver than gold and it’s more in demand because the world cannot run without silver and if the dollar keeps losing value by diluting the currency with quantitative easing what does that say about investing now. Here is a good way to invest in one ounce a month: silverclub.info He who hesitates loses.
I have a web site where I research stocks under five dollars. for those investors looking for a way to invest in siver mining companies though an exchange traded fund. their is one such fund it is Global X Silver Miners ETF symbol (SIL).
Thanks for the info on the SIL fund. I’ll start doing some write-ups on the different silver funds you can get into to give our readers options.