Silver Stocks Charts, News, Reports and Quotes
The bottom line is major silver miners are actually faring pretty well fundamentally despite the depressed silver prices. They are growing their collective silver production ...
Drilling is now concentrated in the recently discovered Southwest zone (JAC target) which is located several hundred metres southwest of the edge of currently defined Mineral Resources on the main Oculto deposit.
M&I Mineral Resource Estimate Increased to 51.3Mt at 66g/t Ag and 0.79g/t Au & Does Not Include New High-Grade Silver Discovery in Southwest Zone at Diablillos
The bottom line is silver miners are faring way-better fundamentally than their radically-oversold stock prices suggest. As the leveraged futures speculators are forced to normalize their excessively-bearish positioning through huge buying, silver will surge amplifying gold’s gains like usual.
New Discovery is Located Over 500m Beyond the Limit of the Current Mineral Resource Estimate
Initial Drill Hole Returned Broad Zones of Porphyry Mineralisation Including 226 Metres of 0.43% CuEq and 146 Metres of 0.30% CuEq
While the silver miners’ fundamentals are solid, traders have avoided their underperforming stocks. That won’t change until gold sentiment improves enough to fuel herd bullishness.
High-Grade Oxide Intercept Contains 757 g/t AgEq (10.81 g/t AuEq) over 17m
Includes Impressive 13 Metre Interval Grading 1,029 g/t AgEq (14.7 g/t AuEq) in Oxides
Lower mining costs bucking inflationary pressures largely offset lower average silver prices, keeping sector unit profits strong. That enabled the silver miners to fundamentally-outperform the gold miners in Q4’21, which is unusual.
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