Mr. Oliver likes these three stocks:
Silver Standard Resources Inc. (SSO-TSX): The miner, which has 15 projects in seven countries and owns a silver producer in Argentina, is being piloted by a new chief executive officer hired from BHP Billiton. "They are going to produce seven million ounces by year-end and will be expanding," said Mr. Oliver. The stock looks pricey at about 12 times 2012 cash flow, but it has three properties in the process of development that could double or triple production, in addition to a giant gold deposit in British Columbia, he said. The stock closed Tuesday at $21.19.
Minera Andes Inc. (MAI-TSX): The miner and explorer, which is 33 per cent owned by its chief executive officer Rob McEwen, owns nearly half of the San Jose silver mine in Argentina in partnership with Hochschild Mining PLC. The San Jose property is a quarter of the size of the property owned by Andean Resources Ltd., which is being bought by Goldcorp. Inc. Minera also owns a copper project in Argentina. The stock closed Tuesday at $1.41.
Kinross Gold Corp. (K-TSX): The gold miner has just acquired Red Back Mining Inc., which gives it a foothold in Africa with mines in Mauritania and Ghana. "Over the next five years, it is targeting growth of almost double [its]current production of 2.5 million ounces," said Mr. Oliver, who believes the stock is cheap at current levels. The stock closed Tuesday at $19.65.