silver stocks move up : Mining (CDE), Hecla Mining (HL), Mines Management, (MGN)

Silver prices edged higher by Rs 195 to Rs 36,368 per kg in futures trade today after participants built up positions taking positive cues from overseas markets.

At the Multi Commodity Exchange, silver prices for delivery in March rose by Rs 195, or 0.54 per cent, to Rs 36,368 per kg in business turnover of 1,228 lots.

Similarly, the metal for delivery in May traded Rs 187, or 0.51 per cent, higher at Rs 37,039 per kg in 16 lots.

Analysts said the rise in silver prices at futures trade was mostly in line with a firming trend in the global market amid concern that growth may be slowing from China to Europe even as the US recovers, spurring demand for a protection of wealth. {1}

Coeur Mining Inc (NYSE:CDE) closed lower -0.20% to $5.11, Rigrodsky & Long, P.A. declared that it is investigating potential legal claims against the board of directors of Paramount Gold and Silver Corp. ("Paramount" or the "Company") (NYSE MKT: PZG) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into a contract to be acquired by Coeur Mining, Inc. ("Coeur Mining") (NYSE: CDE), in a transaction valued at around $146 million.

Hecla Mining Company (NYSE:HL) closed higher +0.36% to $2.79, report its Board of Directors has declared the regular quarterly dividend of $0.875 per share on the 157,816 outstanding shares of Series B Cumulative Convertible Preferred Stock. This represents a total amount to be paid of around $138,000. The cash dividend is payable January 2, 2015, to shareholders of record on December 15, 2014.

Mines Management, Inc. (NYSEMKT:MGN) closed declined -2.06% to $0.470, The  organization together with its subsidiaries, acquires, explores, and develops various mineral properties in North and South America. The organization explores for silver, and associated base and precious metals. It primarily holds interests in the Montanore property that consists of 10 patented mining claims and 825 unpatented mining claims located in northwestern Montana. The organization was founded in 1947 and is based in Spokane, Washington.

Source {1}: http://economictimes.indiatimes.com/markets/commodities/silver-moves-up-rs-195-in-futures-trade-on-global-cues/articleshow/45726859.cms