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One doesn’t have to have too great a memory to recall the glory days of silver both before the 2008 crash and then the resurgence thereafter (when the metal hit $50 per oz momentarily). Back at that time one of the 800lb gorillas of the silver space was Silver Standard Resources (TSX: SSO | NASDAQ:SSRI) and it was a ubiquitous presenter in New York, constantly doing the rounds and keeping its mammoth market cap in play.

At the time its main play was a project (not a mine) called Pirquitas in the far northern province of Jujuy in Argentina. The project eventually came into production and has carried Silver Standard through the dark times, both for silver and for perceptions of Argentina. Now Argentina is (almost) sexy again and silver is back on centre stage (though not as booming as the Tin Foil Hatters would like). And yet machinations are afoot to “distance” Silver Standard from the project that has long been its mainstay.

In this piece we shall look at what is going on to try and divine if this is the creation of a major new champion of the Argentine mining space or the steady retreat of Silver Standard from its traditional stamping ground.

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MARKET SUMMARY

INDICES

Name Last Change
DOW 25058.10 0.03%
S&P 500 2753.17 0.75%
NASDAQ 7820.20 0.07%
TSX 16435.46 0.65%
TSX-V 712.33 0.00%

Resource Commodities

Name Last Change
Gold 1230.04 0.23%
Silver 15.51 0.19%
Copper 2.75 0.000
Platinum 828.50 0.000
Oil 70.46 1.42%
Natural Gas 2.76 0.44%
Uranium 23.83 0.88%
Zinc 1.19 0.00%

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