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Gold & Silver Seeker Report: This Week in Mining Issue #20: Gold crosses $1,800/oz But Can It Maintain Momentum?

July 03, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

Gold had a decent week, crossing $1,800/oz. then backing down. But can it maintain momentum and convincingly pass that level? It seems like some consolidation is is in order for the metal(s) and mining stocks. Whether or not that takes places from a higher level remains to be seen, but be prepared for a pullback. Regardless, unlike the most industries in the world where companies are struggling to maintain past levels of profitability, the gold miners are seeing a great margin expansion and…

Gold & Silver Seeker Report: This Week in Mining Issue #19: Gold Holding Strong, Drill Results, Royalties & Streams

June 26, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

With the gold price refusing to be knocked down below the $1,700/oz. level, it finished the weak above $1,750 [spot] and looks to be building a base, readying for its next leg higher. With continued monetary and fiscal malfeasance, showing no signs of abating anytime soon, it Is only a matter of time until new all-time highs in gold are reached. This will bode very well for the mining stocks. The trend higher is intact but the complex should get a boost once Q3 earnings are released, as most…

SilverCrest Metals Provides Corporate Update

June 23, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

SilverCrest Metals, $SILV, continues to advance its flagship Las Chispas project toward a production decision. SilverCrest has already secured the vast majority, if not, all funding for development of Las Chispas toward production. The company continues its aggressive exploration program with eight exploration drills operating, advancing underground development 10-15 meter per day. The company will target 70k meters of drilling in the 2H 2020, focused on high-grade resources…

Gold & Silver Seeker Report: This Week in Mining Issue #18: Will Gold Finally Break Resistance? and Another Bidding War

June 19, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

With National debt now well passed $26T and total debt pushing $80T (public & private) and the massive monetary inflation (not consumer Price inflation) that has taken place over the 3-months, gold should be well past $2k/oz. Unlike 2008, all this inflation won't simply be more or less idle in bank reserves [notably excess reserves] or show up primarily in asset prices, rather a significant amount was helicopter money, which will work its way into consumer prices rather quickly. For a lack of a…

Gold & Silver Seeker Report: This Week in Mining Issue #17: Consolidation Continues & More Monetary Shenanigans

June 12, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

“We’re not even thinking about thinking about raising rates,” - Powell. This says it all as the chairman made it clear the Federal Reserve will provide the most conducive environment to drive precious metals higher. The Fed will continue its massive asset purchase program, instead of tapering it off. This is the perfect storm to drive precious metals higher and in turn related mining equities. However, this doesn't mean we won't see a more substantial pullback in the metals in the near-term.

Top Primary Silver Mining Industry Production Yield Falls To The Lowest Ever

June 10, 2020
By Steve St. Angelo, SRSrocco

The era of high-grade silver mines may be coming to an end.  Remarkably, the top primary silver miners’ average yield fell to the lowest ever in 2019.  Which begs the question, will high-grade silver mines become extinct in the not-so-distant future?  Well, if we look at the data, it seems to be already happening.

Gold Seeker Report: This Week in Mining Issue #16 - Will this Correction Continue?

June 05, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

With the resumption and ramp-up of most mining operations, the past few weeks have had rather subdued news-flow and this week is no exception. This week was highlighted by some smaller M&A and an exciting bidding war. A correction in both gold and silver has commenced, but will it continue? If so, this could represent one of the last great buying opportunities. $AGC.V, $AGCBF, $CXB.TO, $CXBMF, $CG.TO, $CAGDF, $EXK, $GBR.V, $GBRRF, $GUY.TO, $GUYFF, $KL, $LUG.TO, $FTMNF, $OSK.TO, $OBNNF, …

The Bidding War For Guyana Goldfields Continues

June 03, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

Guyana Goldfields Inc. announces that it has received a binding proposal from a foreign-based multinational mining company ("New Offeror") for the acquisition of all of the issued and outstanding common shares of the Company not already owned by the "New Offeror" way of a plan of arrangement. The Board of Directors of the Company has unanimously determined, after consultation with its financial and legal advisors, that the New Offer constitutes a "Superior Proposal."

Silver Seeker Report: This Week in Mining Issue #15: Mining Getting Back to Normal

May 31, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

With the exception of a few countries, which in the worst case have mandated mines operate at reduced levels [only essential personnel]. Most mining operations around the world have started to ramp back up. There are also select companies which have voluntarily decided to suspended mining operations despite a greatly reduced number of new cases reported, but aside from this small select few, everything is getting back to normal and most mining operations will be fully ramped up by the end of…

Gold Resource Corporation Granted Government Approval to Restart Oaxaca Mining Unit

May 27, 2020
By SilverSeek

Gold Resource Corporation (NYSE American: GORO) today announced it has received written government approval to restart its Oaxaca Mining Unit (OMU) operations in Mexico. After nearly eight weeks of government mandated shutdown, the Company has begun to restart its operations for the gradual ramp up of production while focusing on workforce, contractor and community safety as the global pandemic continues. 

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