Silver Stocks Charts, News, Reports and Quotes
The high prevailing silver prices did help drive big year-over-year surges in revenues, earnings, operating cash flows generated, and cash treasuries. Those good fundamentals should attract capital, especially as silver powers higher with gold.
Gold and the mining equities had a good week with gold up nicely since the close last Friday and the mining stocks as seen through the XAU. Silver was relatively flat, but both metals want to move higher.
$RZZ, $ABRA, $USAS, $BLCK, $CGAU, $F, $GBR, $MKO, $MAI, $ODV, $SAE, $SVM, $ELEF, $VZLA, $WDO
The holes were designed to develop additional shallow resources within the Whittle pit shell as well as to infill and extend the current estimated mineral resources.
Even the second most heavily doctored economic data set can't mask surging consumer price inflation. Earnings season continues to impress, though inflation has started to show itself via input cost pressures.
Today, I am honoured to contribute my experience in overseeing Endeavour’s finances, and begin steering the company forward, focused on safe production, profitable operations and a strong culture. With our favourable outlook for silver’s fundamentals, I believe that the patience of our investors will be rewarded, and I look forward to building a strong future together in the years ahead.
“Revenue, cash flow and earnings were all sharply higher in Q1, 2021 compared to Q1, 2020. The sale of El Cubo helped boost our earnings, offset by our decisions to hold back some metal inventory from sale near the end of the 1st quarter as well as elevated general and administrative expenses.”
“We continue to intersect excellent drill results as we step out from the current margins of the El Curso orebody. There remains an additional 100 m to drill until we connect El Curso with the Milache orebody to the west, and there is a similar gap to fill to connect El Curso with the Porvenir Cuatro orebody (previously mined) to the east.”
John Miniotis, President and CEO, commented, “Our drill results continue to far exceed expectations. The consistency of our Phase I exploration program has been quite remarkable, as we’ve now intersected high grade mineralization over impressive widths..
M&A continued to pick up, this time with Fortuna Silver making a bid for Roxgold.
Silver also broke out of a short-term downtrend when it broke $26/oz. and is currently hovering right around that level. The miners have reacted favorably and have run up nicely but are still incredibly cheap and priced as if gold were priced $200-$250/oz. lower.
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