Non-Metallic Mineral Mining Sector Provides Good Returns
25.02.2013 | Marketwired
![Non-Metallic Mineral Mining Sector Provides Good Returns](https://www.goldseiten.de/media/goldseiten-news.jpg)
Access our free reports on Harry Winston Diamond Corp. and Alexco Resource Corp. Traders can also connect to our Wall Street Trading Floor where our research desk and market pros are standing between 8:50 am to 4:15 pm ET at
http://www.ShinesRooms.com/HWD022513.pdf
http://www.ShinesRooms.com/AXU022513.pdf
Harry Winston Diamond Corp. engages in diamond mining. The company recently announced a healthy jump in its rough diamond sales. Its stock is up 6 percent so far this year so far and is expected to perform better as demand for rough diamonds is likely to continue into the near future.
The company is also looking to restructure its business as the company sold its luxury watch unit to The Swatch Group. The deal was valued at $750 million. The move will help Harry Winston Diamond in concentrating its efforts and resources to its mining business and benefit from the rush in diamond demand. The company has mining joint venture with Rio Tinto for its Diavik mine, which is expected to produce six million carats of diamonds this year.
Harry Winston Diamond also won a minor relief when Ekati suit against it was withdrawn. After the suit dismissal, the company is in the position to go ahead and negotiate the deal for acquiring BHP Billiton's interest in the mine. It is likely to use the proceeds from the sales of its luxury watch unit to complete this deal. With this acquisition, the company will boost its mining portfolio. Harry Winston Diamond is also pursuing growth outside of its domestic market.
On the other hand, Alexco Resources is on a growth trajectory as the company announced 16 percent increase in its silver production for the fourth quarter of the year. The improvement is likely to provide a positive fillip to the stock which is currently trading near its 52-week lows. The company is mainly invested in silver mining and is looking to increase its efficiency to boost the margins and profits. The company is also looking to commission new mines including Lucky Queen and Onek mines to boost the production. With positive silver price trend, the company is likely to perform well in the future. It also deals in other minerals including quartz and has diversified portfolio.
Alexco Resources also recently announced its third quarter results. The company's net income for the quarter stood at $5.3 million. Additionally, it posted 33 percent decline in cash costs per ounce and 12 percent increase in silver production. With increase in margins, the company is expected to perform better. The company is looking to achieve 5 million ounces of annual production by the year 2015 and Alexco Resources will be adding new mines for accomplishing this purpose. The stock currently has good upside potential and may provide healthy returns to long-term investors.
About Shinesrooms.com
Shine's Rooms is the brain child of David Shine, a 13 year Wall Street veteran with a stellar track record. For 13 years Shine has trained thousands of traders to navigate and profit from the markets. Using cutting edge technology, Shine provides you with a community in which you can trade alongside Shine and his Team as they guide you through the market's ever-changing landscape. ShinesRooms.com is the Ultimate Trading Environment for investors. Over the last 5 years our returns outpaced any of the major indexes. Sign up today to find out what you are missing. www.ShinesRooms.com
To view our disclaimer, visit this link http://www.shinesrooms.com/disclaimer.html.
Contact Person:
Michael Thomas Smith
Marketing Coordinator
info@shinesrooms.com