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Silver Wheaton, Tahoe Resources Best Equipped to Manage Low Silver Prices: Dundee
Jul. 04, 2013 06:45AM PST
Silver InvestingMineweb reported that according to a recent Dundee Capital Markets survey, Silver Wheaton Corp. (TSX:SLW,NYSE:SLW) and Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) are best positioned to endure a harsh operating environment with low silver prices. A number of others will have to make significant changes to stay afloat.
Mineweb reported that according to a recent Dundee Capital Markets survey, Silver Wheaton Corp. (TSX:SLW,NYSE:SLW) and Tahoe Resources Inc. (TSX:THO,NYSE:TAHO) are best positioned to endure a harsh operating environment with low silver prices. A number of others will have to make significant changes to stay afloat.
As quoted in the market report:
In order from most to least difficult to execute, we believe the following changes are in the works: a) lost discretionary capex, b) lower exploration, c) lower G&A, d) revised mine plans, e) putting mine on ‘care and maintenance’,” said the analysts.