The value of gold fell - silver producer loses. Where is the connection?

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One of the leading producers of silver in the world - the company Coeur Mining Inc. - Released results for the second quarter of the current year, which ended for her loss. The reason for the decrease in income the company believes will reduce the value of gold and silver.

Thus, the net loss for the period from April to June is estimated $ 35 million that the per share of 35 cents. In the same period last year, the same figure stood at $ 23 million, or 26 cents per share. The sales volume was 5.2 million silver ounces, compared to the second quarter of 2011, down 7%. While sales of gold showed a positive trend, increasing to 63,400 ounces (6.4%).

Last year, the silver mining companies Coeur Mining Inc. amounted to 18.025 million ounces, and gold - 226.486 million ounces, so the company broke its own record for gold mining. As for the mining of precious metals in 2013, experts predict that the release of silver will range from 18 to 19.5 million ounces and gold - from 250 to 265 thousand ounces.

What is the impact on the performance of the Coeur Mining Inc. the price of gold and silver? The average selling price of silver fell 22% to $ 22.86 an ounce, while the price of gold - up 12% to U.S. $ 1,416 per troy ounce. As you can see, reducing the cost of precious metals had a positive effect only on the sales of gold and silver is exposed losses. What does this mean? Before us is a great example of what impact the price of gold has on companies and the market of precious metals in general.

Gold prices reached the lowest possible marks for the current year, in May and June. Reduce the price of gold has provoked the demand for the yellow metal and the abandonment of silver than actually demonstrated and explained by Coeur Mining Inc. results of operations. At the moment, the price of gold has set its sights on the rise and, according to many experts, will go up.

Prospects for growth are also considered in Emgoldex, and this applies not only to the price of the yellow metal, but also partners who are beginning to buy bullion, and eventually build a successful career, while remaining a free people. How to make the price of gold has worked for you and what opportunities does the acquisition of the yellow metal, you know, starting cooperation with Emgoldex or talking to his existing customers.

Good Luck! (EMGoldex team)