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Silver Stocks

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

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

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

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

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

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?

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

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

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

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

“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.

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