It is with great pleasure that Bullion Bulls Canada announces the official commencement of our second, annual miners’ contest: the 2011-12 Great Panther Silver Miners Challenge.

We were already anticipating a bigger-and-better contest second time around, as the growing size of our audience and their growing interest in these mining companies suggests that the competition will be even fiercer this time. However, what has made us doubly excited about this year’s contest is that it is being sponsored by last year’s winner: Great Panther Silver – and they have brought some of their very own silver with them to offer as contest prizes.

In last year’s contest (which was generously sponsored bySilverGoldBull.com), Great Panther soared to victory with a percentage gain of 333% over the six-month period of the contest – beating out several other worthy contenders, all of them other silver miners. With Great Panther’s share price having retreated from its previous high (like many other silver miners), I suspect that part of the Company’s motivation in sponsoring this year’s contest is its belief that it can defend its “crown”. However, there are obviously many other silver miners ready-and-willing to try to dethrone our champion.

Unlike last year, we should certainly expect some of the gold-mining companies to also contend for this title. With gold’s impressive move higher over the past few weeks (while many of the miners were getting little “traction” in markets), this would appear to set up many of these gold miners for their own, spectacular runs this contest season.

Contest Rules:

The 2011-12 Great Panther Silver Miners Challenge will run from October 1, 2011 through March 31, 2012. All contest entries must therefore be received prior to midnight, September 30^th.

The contest is open to any/all registered members of our site (registration is free), subject to the following exclusions. No employees/officers of Bullion Bulls Canada are eligible to participate in this contest, nor are their families, or anyone directly affiliated with one of our advertising sponsors.

The winner of the contest is the contestant who picks the (North American-listed) precious metals mining companywho achieves the highest percentage gain over the six-month contest period. Should any miner “cease to exist” as a result of some “take-over” or related activity, the miner will be deemed to have finished the contest at the share price recorded at the end of its last day of trading. Should any miner entered in the contest engage in a share “split” or consolidation during the contest period, such an event will be deemed to have occurred immediately prior to the commencement of the contest – so that the share price remains legitimately comparable to its original price level. Should two miners both entered into the contest engage in a merger, the company which retains its name after the combination shall be deemed the “surviving entity” (for contest purposes), while the company which was absorbed will be considered to have been taken over.

Contest Prizes:

1^st prize – 20 ounces of silver

2^nd prize – 10 ounces of silver

3^rd prize – 5 ounces of silver

Halfway-winner – 5 ounces of silver