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Silver & Gold Seeker Report: This Week in Mining Issue #26: Q2 Earnings Hits & Misses

Q2 2020 earnings results were in full swing throughput the week, some companies setting records in many categories such as production, revenue, cash flow, etc. and others missing by a wide margin (notably those in Mexico, Peru, and select other countries). Most companies were impacted to some degree by mine suspensions or CV19 protocols, preventing the them from operating  at capacity. We finally got a long overdue correction in the gold and silver price, with gold down more than $115/oz. at one-point on Tuesday and silver selling off $4/oz. or about 14%. While we did see a sharp correction, it was very short-lived, which could mean the correction has only started. If this is the case, be sure to keep some dry powder, which is never a bad idea.


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