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Silver Stocks

Gold & Silver Seeker Report: This Week In Mining Issue #22 - Q2 Production Numbers, Gold & Silver Holding, Correction Coming?

July 17, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

With government imposing mandatory suspensions of non-essential business in some places around the world, the majority of the mining sector continues to operate uninterrupted with the exception of adhering to CV19 protocols. Meanwhile, the gold price continues to hold strong at or above $1,800/oz. and has been very buoyant after sell-offs. Additionally, silver seems to be confirming the breakout and the time is nearing where silver will outperform gold, as we've seen the start with a…

AbraPlata Resources: Optionality in a Rising Silver Price Environment

July 15, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

Ownership of the company is strong with Altius Minerals, SSR Mining, and Eric Sprott (On July 9th, invested $3m) owning 35% of the outstanding shares and insiders owning 3%. The company does have a relatively sloppy share structure but this isn’t uncommon for juniors given the duration and severity of the last bear market. The company currently has issued 318m shares but 509m shares on a fully diluted basis.

Fortuna Reports Q2 Production Numbers

July 15, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

While Fortuna was hit quite hard due to the CV19 mandated shutdowns in Mexico [Its flagship San Jose mine was suspended for 54 days of the quarter], the company managed to produce a total of 1.274m oz. Ag and 7.1k oz. Au vs. 2.157m oz. Ag and 13.2k oz. Au in the comparable period in 2019. Further, lower grades at San Jose put more downward pressure on output; silver and gold grades of 220 g/t Ag and 1.42 g/t Au vs. 273 g/t Ag and 1.68 g/t Au in Q2 2019 at San Jose. Caylloma operated…

Endeavour Silver: Releases Updated and More Attractive PFS on its Flagship Development Project, Terronera

July 14, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

Endeavour Silver $EXK, has had its issues over recent years but it appears to be nearing an inflection point whereby the overall quality of its asset portfolio increases, output increases and costs decrease as operational issues have been worked out and it has an excellent development project in its pipeline. On Monday, the company released an updated Pre-Feasibility Study (PFS), which is more robust relative to the 2018 PFS.

Gold & Silver Seeker Report: This Week in Mining Issue #21 - Financing's Galore, Early Q2 Production Numbers, and Gold Holding Strong

July 10, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

Major news in mining this week was the large number of announced and completed equity financing's. Eric Sprott was involved in many of these. Gold and silver had another strong week but a consolidation period can happen at any time. It isn’t uncommon see retrenchments of 15-25% [in the mining equities], which could happen tomorrow or several months down the line but it will happen. Time will tell. Gold and Silver have massive tailwinds and there are countless potential catalysts in the second…

Kirkland Lake Gold Update

July 07, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

Kirkland Lake Gold has been one of the biggest winners over the past 5yrs, propelling itself from a 160k oz. Au producer to what has emerged [along with Endeavour Mining] as the next senior gold producer [1m oz. of production or greater]. Kirkland Lake has a great asset to start, the Kirkland Lake mining complex, notably the Macassa mine, which has taken several years to optimize and will reach full strike in 2023/2024. What has really propelled its stock price in recent years was the…

Alexco Resources: Fully Financed and Near-Term Production

July 07, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

Alexco Resources received its amended water permit, the last remaining hurdle before construction can commence. The company believes it will reach first production before year end and just secured financing for the build-out. The financing was initially set at C$20 but then it was expanded to $26m, which was fully subscribed to an with over-allotment option being exercised, the company raised gross proceeds of C$30m.  It will take approximately 6-months to complete the…

Silver & Gold Summer Doldrums 3

July 04, 2020
By Adam Hamilton, Zeal Research, Zeal LLC

This silver-summer-seasonals methodology is the same as gold’s, showing how it has fared during gold’s modern bull-market years. With a far-smaller global market, silver is much-more volatile than gold. So its center-mass summer drift is wider, running +/-10% from May’s final close. That implies a summer range between $16.04 to $19.60 this year. But silver’s summer seasonals have proven weaker overall than gold’s. Silver’s summer-doldrums seasonal low tends to arrive a couple weeks after…

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…

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