President and CEO Ian Harris: "The consistency of high-grade silver findings over an extended strike length, on multiple veins confirm Aguilar's role as a cornerstone of our ambitious exploration plans."
India is expected to witness a significant surge in silver imports this year. This growth is primarily fueled by the rising demand from solar panel and electronics manufacturers.
The projection is for an even larger supply shortfall this year in the neighborhood of 215 million ounces. This would be the second-largest silver market deficit ever recorded.
CEO McDonald: "It is very exciting to see consistent mineralization over 1,080 meters of strike length in the D-Vein. We continue to step out to the southeast to find the terminus..."
Samsung's solid-state batteries could significantly impact the silver market, with each battery using up to 1 kg. If 20% of cars adopt this tech, annual demand might reach 16,000 tons.
