Also in this playlist...
This transcript is automatically generated
So what do acquisitions in the space mean for investors and that's really not the only one.
Mean you have a revote deal that is very interesting as well John Smith president and CEO of silver standard resources as the acquisitions.
Are -- good sign for global silver demand.
He's joining me now at a Fox Business exclusive job I guess I'm more -- knowing what these acquisitions in this merger activity looks like.
For the global economies out there because silver is very much an industrial metal is at.
Cross that underpins the value that we -- and so -- standard -- dollar project so.
You know -- good market for us in terms of what's going on the marketplace.
We'll look can we infer that what can we tell for about global economies from every one wanting to buy up mining.
It would not binding minds and and resources are finite and in a world that regard just -- were replaced.
Would the uncertainty with the US economy in Japan and Europe.
You can see people wanted to hold silver and precious metals because it gives them -- against the worst of those things going on so I think we're seeing some of that reaction to.
Good products good opportunities people will hold and I think overcome New York Silverstein that -- -- well because we've lots of opportunities not.
No I would -- but your stock -- the look let's be honest here it's not pretty it all down about 6% down about several percentage points today.
Yeah your full year revenues.
That -- 63%.
Year over year on your most recent quarter you beat on both the top and the bottom line.
Your churning out silver in your Peruvian mine at a very healthy pace but eight point two million ounces last year and -- predicting.
Brother Argentina I'm sorry Argentina and and you you must tell me what is the issue here what does Wall Street have wrong about your stock.
What are you make -- good point as we've been producing and the most important thing for me god has been to deliver what we said we're going to do we did that we're delivered on production -- delivered on our cost guidance.
Delivered on the revenue line we've got a project to fifteen million -- this for eighteen years coming out what's -- good stuff on us it's I difficult market just aren't concerned about.
-- that did you say 15 ounces -- -- fifteen million yeah.
-- guess are we about project called Doug -- via Mexico.
Which will deliver fifteen million -- is for eighteen years and we're getting that forward to construction decision later this year -- where nearly fully funded so when really good shape.
I think we -- a capital raising at the beginning of the year in terms -- convertible and it was a difficult market.
That's impacted us on and we have Argentina's are producing assets sorting that.
In -- -- people get an artist -- Those two up let me first go to.
You you did have the convertible bond offering but this thing is expected to costs.
Seven -- fifty million to build out in Mexico you you got about 265 million of the convertible bond where we gonna get the rest of the capital to fund this project.
Do you have to bring in John a partner here.
Now we will look at partners but this we've got -- over 400 million on the balance sheet already so we take that money and they need to the convertible.
And you -- that we hold 20% and a gold company called tritium.
We well well financed towards Peter via I'm but we will look at partners we will look -- -- what's the right way to go forward from a risk point of view -- -- that we will consider -- I -- a silver price projection for you as we look at silver prices at the moment.
-- give -- an exciting moment last year everybody thought kind of forty dollars an -- that didn't quite happen but what's your prediction for silver prices this year.
-- -- -- -- -- -- GF MS.
And published yesterday that -- that I look for 2013.
I think that average was 36 dollars for the year you create the time that.
I think it's not a bad how bad number and I think you know that the silver uncle will react to what's happening in the US economy.
So all the world's economies the US economy the US economy dominates on what happens after the inverse -- were metal.
So I think there's a bit of excitement dishing pullback that I think that we'll -- I think 36 an average for the year is not a bad place to think about.
I want explain to our viewers why silver is is perhaps well more useful than gold and -- gold as an investment but so first really at an opportunity to be used in industrials.
About an ounce of silver in a single tablet Smartphones medical devices.
What new usage is -- seeing.
What's kind of amazing for me because I think -- an old -- but here we are looking out the technologies of the use our medical.
And I'm basically the -- is using its Heidi conduct of -- was -- yes I'm so that is.
Yeah I'm so when you look at small component tree that -- -- so -- comes to play.
Man from a medical point of view it's nationally antimicrobial.
And anti bacterial.
So in on a lot of problems with -- vaccines.
Here's a we have of controlling germs I think it's got a good future.
And it's a new future but today it's the investment -- the marginal.
I'm so -- priced on its investment value but when the economy starts flying it will go to the industrial -- So hecla are -- and wild -- -- gold are you guys next would you be open to being acquired.
Look at what I have to do Cecile is deliver value for my investors fundamentally that's what we're -- I'm in twelve.
We did that put investments -- we're not by growing our company and we it.
-- they ended the dealers that's all I can do Cecile was keep focused on what's right for our shareholders and doing the right thing and I will do that.
John good to see at Tiffany's on the phone Citi didn't mention jewelry okay accident -- thick -- -- This you -- on that predicting the end of thought of India and China big news articles in referred to a resource future we'll see you next time John thank you so much part good.
-- -- it was posted on I don't Mexican -- it's a big development Johnson that this the CEO and president.
The silver standard to close.
Filter by section