Oselote It has now been over a year since I last covered the Sprott Physical Silver Trust (NYSEARCA:PSLV) for Seeking Alpha. In my last piece, I said it was “time to buy the dip” and the timing of that call was quite good. At the time the article was published, PSLV shares were just over…
Oselote A Hold Rating for shares of Aya Gold & Silver Inc. Canadian mining and exploration company Aya Gold & Silver Inc. (OTCQX:AYASF) (TSX:AYA:CA) has a very positive outlook. Driven by robust silver pricing coupled with strong operations, the cash flow generation enables growth projects to focus on resource exploration and processing capacity development. The…
wichianduangsri/iStock Unreleased via Getty Images Introduction The Green Dream, Carbon Zero Targets, Sustainability and Renewable Energy are all part of everyday parlance. The importance of the need to harness wind power and solar power to meet our ever-increasing demands for energy is constantly being highlighted. Silver is a ‘must have’ metal in these operations due…
AK2 My regular readers know I have been very bullish on silver for about 18 months. Finally, the breakout and run higher may have begun in earnest during March-April. My last article on silver’s bullish setup in January here explained the striking phenomenon of historically high lease rates. Such suggested immediate tightness in the physical…
Olivier Le Moal By Mike Maharrey Silver endured a significant sell-off last Friday. Was this another step forward in the bull market? This may seem counterintuitive, but GoldMoney founder James Turk thinks it was a positive sign for silver bulls. The spot price of silver fell from just over $29.60 per ounce to just under…
Nishasharp More than 5,000 years ago, before 3,000 BC, the first Egyptian Pharaoh, Menes, made a significant observation. He stated that two and one-half parts silver equals one part gold, thereby establishing the silver-gold ratio. This value metric has been a cornerstone in measuring silver versus gold prices, a key insight that continues to shape…
Diy13/iStock via Getty Images The Green Dream is alive and well as the push to achieve Carbon Zero continues to dominate the air waves as a front-runner for environmental issues. Part of the solution for a cleaner environment is the switch to Electric Vehicles, the installation of solar panels etc. Along with a myriad of…
Evgeny Gromov Just over two months ago, I wrote on Endeavour Silver (NYSE:EXK), noting that any pullbacks below US$1.67 would provide buying opportunities. Since dropping into this buy zone, the stock has rallied over 70% to its recent highs, making it one of the top performers sector-wide. The view that the stock was finally a…
wakila A Hold Rating for the Stock of Vizsla Silver Corp. This analysis now gives a “Hold” recommendation rating on Vizsla Silver Corp. (NYSE:VZLA) (TSXV:VZLA:CA) shares — a silver/gold explorer with operations on the Panuco property and the La Garra-Metates District in southern Sinaloa, Mexico — a change from the previous rating of “Buy”. Previous…
Avino Silver & Gold Mines Ltd. (NYSE:ASM) Q4 2023 Earnings Conference Call March 21, 2024 10:00 AM ET Company Participants Jennifer North – Head, Investor RelationsDavid Wolfin – President & Chief Executive OfficerNathan Harte – Chief Financial Officer Conference Call Participants Jake Sekelsky – Alliance Global PartnersHeiko Ihle – H.C. WainwrightJoseph Reagor – ROTH MKMMatthew…
PATRICK T. FALLON/AFP via Getty Images Investment Thesis In the rapidly evolving electric vehicle (EV) industry, I believe Rivian’s (NASDAQ:RIVN) strategic maneuvers, as outlined in its latest earnings call, articulate a firm foundation for future growth and profitability despite their near term underperformance and lower than expected production guidance for 2024. I believe a new…
MariuszSzczygiel Fundamentals: Escalating inflationary pressures have exerted downward pressure on the gold market, although it maintains crucial support for now, as per analysts’ observations. Despite concluding its second consecutive week with losses, gold has rebounded from its nadir, notably clinging to the critical $2,000 per ounce level. April gold futures were last recorded at $2,025.60…
Oselote Silver is a troubled metal. Stuck in a wide trading range since hitting $30.35 per ounce four years ago, silver is miles away from its all-time high of over $49 per ounce set by the futures market back in 2011. By contrast, gold futures traded to an all-time high of $2,152 per ounce as…
Oselote This Analysis Assigns a Hold rating for Gatos Silver, Inc. This analysis assigns a “Hold” rating to shares of Gatos Silver, Inc. (NYSE:GATO) (TSX:GATO:CA), reflecting a downgrade from the “Buy” rating in the previous analysis. The earlier rating was supported by expectations that investors would flock to silver to ward off the damaging effects…
The total assets under management of all Bitcoins ETFs combined is more than double of the Silver ETFs available in the market. In a remarkable turn of events, Bitcoin exchange-traded funds (ETFs) in the United States have swiftly outpaced silver ETFs in terms of assets under management (AUM) within just one week of trading. This…
Bitcoin exchange-traded funds (ETFs) have surpassed silver ETFs in the United States, securing their position as the second-largest ETF commodity, in terms of assets under management (AUM). The surge in popularity of Bitcoin ETFs signals a growing acceptance of BTC as a mainstream investment vehicle. As reported by The Block, Bitcoin’s ascent to becoming the second-largest…
La_Corivo Introduction Pan American Silver (NYSE:PAAS) is one of my favorite silver miners. Since Yamana’s acquisition, the company has added quality assets, considerably expanding its reserves and resource base. PAAS assets are in countries with relatively low political risk in the Western Hemisphere. Besides that, the revenue per country does not exceed 25%. 3Q23 production…
tobiasjo/iStock via Getty Images SilverCrest at a glance SilverCrest Metals (NYSE:SILV) is a single-asset intermediate precious metals miner. It has successfully developed the Las Chispas mine in Mexico and started production in 2022. Las Chispas is a predominantly silver asset (the breakdown of revenues at current prices is around 55% silver and 45% gold), with…
RHJ Overview Vizsla Silver (NYSE:VZLA) is a precious metals exploration & development company which is listed in the U.S. and Canada (TSXV:VZLA:CA). The company’s fiscal year ends in April and the reporting currency is Canadian Dollars. Vizsla Silver owns the highly prospective Panuco project in Mexico, which has shown to contain some very high-grade silver…
Oselote Introduction Most investors don’t see what is about to happen. The US economy and US government are over-leveraged. They have become strained to a breaking point. US government interest payments on the national debt have reached $1T and are not going down anytime soon. The US government’s 2024 deficit is projected to be well…
Oat_Phawat Hercules Silver (OTCQB:BADEF) shares lost over 40% of their value on January 2, 2024 on the back of the most exploration results. While these results did not match the high grades we saw in earlier results, there are some positives to glean from the most recent batch. While much work remains to be done…
alexis84 I have been talking about rising implied lease rates (based on futures market pricing and premiums over spot) for both gold and silver as super-bullish developments over the past year. Well, silver in recent days has witnessed another spike to the highest lease rate level since its important 2008 price bottom. StockCharts.com – Nearby…
asbe By Jon Forrest Little The quote and chart below is from Crescat Capital’s Tavi Costa. Mexico’s silver production is now declining double digits annually for the first time in almost a decade. Historical trends indicate that substantial contractions in new supply have presented excellent opportunities to invest in the metal. More importantly: Consider that…
Oselote The bullish breakout in the industrial metals complex suggests that silver should mount a long-awaited recovery, and I remain bullish on the iShares Silver Trust ETF (NYSEARCA:SLV). Silver and the SLV have been locked in a large consolidation pattern for the past three years, and a bullish breakout seems like a matter of time….
Olivier Le Moal The Q3 Earnings Season for the precious metals sector is finally over, and one of the more recent companies to report its results was MAG Silver (NYSE:MAG). Unlike most other Mexican silver producers, MAG reported 60% plus all-in sustaining cost margins [AISC] and positive earnings despite the impact of a rising Mexican…
thad By Brian Luke “Silver and gold, silver and gold,Everyone wishes for silver and gold.” – Burl Ives My all-time favorite stop-motion animation show was the 1964 TV special Rudolph the Red-Nosed Reindeer, narrated by Burl Ives. Playing the role of Sam the Snowman, Ives sang “Silver and Gold,” paying tribute to the work of…
Just_Super The Q3 Earnings Season for the Silver Miners Index is nearly over and one of the most recent companies to report its results was First Majestic Silver (NYSE:AG). Unfortunately, like Pan American (PAAS), it wasn’t a great quarter, with First Majestic reporting lower revenue, lower operating cash flow, and significantly higher costs. Worse, these…
DarioGaona Just six months ago, I wrote on Endeavour Silver (TSX:EDR:CA)(NYSE:EXK), noting that there was no way to justify owning the stock above US$3.50 given that grades were likely to normalize after multiple quarters above reserve grades and catch-up in sustaining capital which would pressure unit costs. Simultaneously, the sharp rise in the Mexican Peso…
Oat_Phawat Investment Thesis MAG Silver Corp. (NYSE:MAG) is a Canadian precious metals mining company, which is listed both in the U.S. and Canada (TSX:MAG:CA). The reporting currency is U.S. Dollars. I have covered the company a few times in the past, and those articles can be found here. The company gets most of its value…
Bjoern Wylezich/iStock via Getty Images Dear Partners: I hope that you are doing well. I will keep this letter on the shorter side given the upcoming Annual Partnership Meeting for which partners should have already received an invitation. During the meeting I plan to review the investing process and the portfolio in-depth as well as…
Oselote First Majestic Silver Corp. (NYSE:AG) is a silver mining company that we have traded several times in the past. In our last coverage we recommended a tactical short which led to very nice returns. Now we are in a higher metal price situation, though performance continues to disappoint. However, we are lifting that sell…
DarioGaona Just over six months ago, I wrote on Endeavour Silver (NYSE:EXK), noting that while it was one of the few names to beat its FY2022 guidance and Terronera being green-lighted was a positive catalyst, there was limited upside in the stock from a share price of US$3.50. This is because it was trading near…
RHJ Introduction Fortuna Silver Mines (NYSE:FSM) released its third-quarter 2023 production results on October 5, 2022. Note: This article updates my May 19, 2022, article. Fortuna Silver Mines owns five production mines, including the Séguéla Mine in the Ivory Coast, which started to produce on May 24, 2023. FSM Map Assets (FSM Presentation) Third Quarter…
eyegelb It’s been a rough stretch for the Gold Juniors Index (GDXJ), with the sector finding itself down ~31% from its May highs despite a relatively mild decline in the gold price. This performance is even more frustrating when looking at the 3-year return, with the GDXJ down nearly 55% since Q3 2020 in a…
Oat_Phawat/iStock via Getty Images Thesis Pan American Silver (NYSE:PAAS) experienced strong reserve growth year over year. The primary driver was the deal with Yamana. The Jacobina mine, a producing asset with enormous potential for exploration with high grades and low AISC, became part of the Pan American portfolio. PASS has a clean balance sheet with…
Oselote Introduction Fresnillo plc (OTCPK:FNLPF) is the world’s largest silver producer at 60M oz’s forecasted for 2024. Plus, they also plan to mine 625K oz’s of gold. They are truly a monster company. Normally, a stock this large would not be on my radar. However, all silver miners are cheap at the moment. It seems…
asbe A Buy Rating for New Pacific Metals Corp. This analysis changes the rating for New Pacific Metals Corp. shares (NYSE:NEWP) (TSX:NUAG:CA) from the Sell recommendation of the previous analysis to a Buy recommendation of the current analysis. Compared to the previous analysis, the rating update is based on a positive change in the outlook…
asbe Due to the high degree of operating leverage of silver miners, the ETFMG Prime Junior Silver Miners ETF (NYSEARCA:SILJ) has a strong history of outperforming during silver bull markets, and the stark underperformance over the past year creates a potential opportunity. However, the SILJ also has a long track record of underperforming silver prices…
Olivier Le Moal Earlier this month, I wrote on Pan American Silver (NYSE:PAAS), noting that the stock’s Q2 results were solid with the inclusion of Yamana’s South American assets and that it was one of the more attractively valued name sector-wide. Since then, PAAS has significantly outperformed the Silver Miners Index (SIL) which is down…
Oselote Introduction Aya Gold & Silver (OTCQX:AYASF) is small silver producer in Morocco. However, they are ramping up production to become a mid-tier producer. Plus, they are drilling a second project (Boumadine) that appears to be another large silver discovery. Some investors are leery of Northern Africa, where Morocco is located. However, after speaking with…
Fortuna Silver Mines Inc. (NYSE:FSM) Q2 2023 Earnings Conference Call August 10, 2023 ET Company Participants Carlos Baca – Vice President, Investor Relations Jorge Alberto Ganoza – President & Chief Executive Officer Julien Baudrand – Senior Vice President, Sustainability David Whittle – Chief Operating Officer, West Africa Cesar Velasco – Chief Operating Officer, Latin America…
thad By David Brady Although most of us were focused on the Fed and the ECB commentaries this week, neither provided anything new or unexpected. It took the following extremely surprising “data” to shake things up. US GDP Grew An Unexpectedly Hot 2.4% In Q2 Despite Fed’s Aggressive Tightening Campaign “The Housing Recession Is Over”:…
Galaxy Digital’s Mike Novogratz recommends strong exposure to Bitcoin, Ether, gold, silver, etc. for investors with high risk tolerance. Wall Street veteran and Galaxy Digital founder Mike Novogratz recently shared his views on what an ideal investment portfolio for young and high-risk tolerance people would see. During his recent interview with Bloomberg Wealth, Novogratz added…