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Silver Stocks

Silver Seeker Report: This Week in Mining Issue #14: A Quiet Week on the Mining Front

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

With most mining operations ramping production back-up, preparing to ramp-up, or already operating “normally”, the news-flow has died down considerably in the last week, though given what’s going on the macro-economy, this is unlikely to last for any prolonged period of time. While a major theme for over the next 12-18 months, will be M&A, it could take breather for a while, primarily as result of mining teams unable to complete its due diligence on prospective assets or companies to acquire…

New Pacific Metals Update

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

The company more recently acquired the Silverstrike project, which is 450km NW of Silver Sand. The project area covers 19 square km’s. Near surface Ag-Au-Pb-Zn, similar to the type of mineralization in Silver Sand where silver mineralization is related to bleached whitish sandstones. In short, New Pacific is definitely sitting on a mountain or “multiple mountains” of silver, the only real question is how large are these mountains. It is one of the very few junior silver exploration companies…

Silver Seeker Report: This Week in Mining Issue #13 – Earnings, Continued M&A & Mining Restarts

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

Mexico has declared mining can resume early (May 18th), 12-days early relative to the date initially stated. This includes countless mining operations by the likes of America’s Gold and Silver, Torex Gold, Equinox Gold, Endeavour Silver, First Majestic Silver, Fortuna Silver, Great Panther, Alamos Gold, Newmont, Pan-American, Fresnillo, Coeur, among many others. This is a good sign as far fewer countries continue to mandate the continued suspension of mining activities. | Companies covered in…

Silver Seeker Report: This Week in Mining Issue #12 – Strong Earnings Reports & More M&A

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

Americas Gold & Silver: Announced a C$25m bought deal offering as it entered into an agreement with a syndicate of underwriters co-led by Cormark Securities and Desjardins Securities. The underwriters have agreed to purchase 8.93m common shares at a price of C$2.80/share for aggregate gross proceeds of C$25m. There is a 15% over-allotment option. Strategic investors led by Pierre Lassonde and Eric Sprott indicated they intend to subscribe for shares totaling C$8.75m. $USAS, $BTG, $GOLD, …

Silver Seeker Report: This Week in Mining Issue #11: Earnings Season and M&A

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

Silvercorp Metals: The company may have made a transformational acquisition (bid, that will likely go through) as it announced it entered into a definitive agreement whereby Silvercorp will acquire all of the issued and outstanding shares of Guyana Goldfields. This will create a diversified mid-tier, multi-metal producer with operations in China and Guyana. Per the terms of the transaction, each holder of Guyana Goldfields shares will have the option to receive, for each Guyana Goldfields…

Silver Seeker Report: This Week in Mining Issue #10: Relatively Quiet on the Mining Front

April 25, 2020
By Chris Marchese, Chief Mining Analyst, SilverSeek

There has been a considerable lack of news flow recently as a result of on-going mining suspensions due to COVID-19. This should change over the next couple of weeks as companies report Q1 results. The Mexican Federal Government has extended the mandated shutdown of mining activities by an additional month, through May 30th. At this time, the earliest possible resumption is May 18th in areas where there are no new reported cases of the virus. This will start to have an impact in many silver…

Silver Seeker Report: This Week in Mining Issue #9 – Unlike the Economy, Mining is Heading in the Right Direction as Mining Restarts Continue

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

New Pacific Metals: Reported an incredibly robust Inaugural resource estimate for its Silver Sands deposit in Bolivia. I was expecting a maiden resource estimate (MRE) of 225-250m oz. Ag @ 115 g/t Ag but the M&I resource was 156m oz. Ag @ 137 g/t Ag and an additional 36m oz. Ag Inferred @ 112 g/t Ag, or a total resource of 191m oz. Ag @ 132 g/t Ag. This was based on a 90% recovery rate and 45 g/t Ag cutoff. While a bit lower than expected, it is still robust. Furthermore, there is so much more…

New Pacific Metals Reports Inaugural Resource Estimate for the Silver Sand Deposit, Bolivia

April 15, 2020
By SilverSeek

New Pacific Metals Corp. (TSX-V: NUAG) (OTCQX: NUPMF) (“New Pacific” or the “Company”) is pleased to report the first independent National Instrument 43-101 (“NI 43-101”) Mineral Resource estimate for its 100% owned Silver Sand Deposit, Bolivia. The study was completed by AMC Mining Consultants (Canada) Ltd. (“AMC”).

Silver Seeker Report: This Week in Mining Issue #7 – Another Round of Suspended Mining Operations

April 04, 2020
By SilverSeek

The Mexican federal government has mandated that all non-essential businesses, including mining, temporarily suspend operations until April 30 due to the COVID-19 virus. This will impact a number of operations (especially silver), although those with heap leach operations will continue, albeit at lower production rates. This could have material impacts (should the shutdown extend beyond end of April) on those companies without weaker balance sheets. As a result of this, a large number of…

Next Generation Silver Producers Pt. II

April 02, 2020
By SilverSeek

Following Part I of this piece, which highlighted three of six “next generation silver producers”, we will focus this piece on the next three, which include SilverCrest Metals, Alexco Resources, and Aurcana. The latter two don’t have tier-I silver asset but are very high grade and this group has an an all-in sustaining cost profile (AISC) in the bottom 50% on the industry cost curve, with SilverCrest and Aurcana having an AISC profile in the lowest quartile. Unlike Part I, whereby one company…

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