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Silver Stocks

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

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

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

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

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

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

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

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…

Silver Seeker Report: This Week in Mining Issue #6 -- Temporarily Suspended Mining Operations

Due to government mandated shutdowns of select businesses and in this case, mining, in response to the COVID-19 outbreak, there has been rather limited news flow except that related to temporarily suspending mining operations. It is important to note those companies which have temporarily placed operations on care and maintenance (C&M) will see cash outflows from those assets as C&M cost money. Strong balance sheets and available liquidity are imperative given the current market uncertainty. …

Next Generation Silver Producers: Part I

March 26, 2020

While there are a dearth of primary silver producers and even fewer quality companies, the same can’t be said of the next generation of primary silver producers. With the exception of Pan-American, Hochschild, Hecla, Fortuna, Fresnillo and arguably First Majestic Silver, there are essentially only a couple to no other high-quality primary silver producers (meaning no other companies derive at least 65% of total revenue from silver-equivalent production (silver and gold) and at least 40%-45% +/-…

Next Generation Silver Producers: Part I

While there are a dearth of primary silver producers and even fewer quality companies, the same can’t be said of the next generation of primary silver producers. With the exception of Pan-American, Hochschild, Hecla, Fortuna, Fresnillo and arguably First Majestic Silver, there are essentially only a couple to no other high-quality primary silver producers (meaning no other companies derive at least 65% of total revenue from silver-equivalent production (silver and gold) and at least 40%-45% +/-…

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