Silver Mine Closure Points To Risk/Opportunity
On the morning of January 11, 2012, there was a repeat of twin lessons for long investors in gold and silver miners. First it pays to understand the condition of mines. And second that the money is often made on the short side.
Established in 1891, Hecla Mining /quotes/zigman/229110/quotes/nls/hl HL +2.82% is the largest silver producer in the U.S. Hecla produces silver from Lucky Friday mine in Idaho and Greens Creek mine in Alaska.
The news was that the Mine Safety and Health Administration (“MSHA”) ordered the silver shaft at the Lucky Friday mine closed for removal of built-up material in the shaft.… Please click here or the title below to read more.
January 12, 2012