Tag: silver mining

Gold & Silver Mines Closed as Physical Silver Becomes “Most Undervalued Asset”

Gold & Silver Mines Closed as Physical Silver Becomes “Most Undervalued Asset”

A surge in coronavirus cases, an expansion of economic lockdowns, and an explosion in unemployment claims hit markets this week.  But this deluge of bad news didn’t seem to catch investors by surprise. Instead of crashing to new lows, the stock market held within a trading range and rallied yesterday following the release of a horrific jobs report. It’s been a huge week for commodity markets as oil prices posted their biggest single day percentage gain ever Thursday, popping more than 25%.  Oil prices lifted from their severely depressed $20 per barrel level after President Donald Trump met with oil executives and announced Russia and Saudi Arabia would agree to […]

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How the C-Factor Could Decimate 2020 Global Gold and Silver Production

How the C-Factor Could Decimate 2020 Global Gold and Silver Production

Item: March 16, 2020. A huge poly-metallic (gold, silver, copper) mining operation in Mongolia “has suspended operations” after authorities “restricted the movement of goods and people within the country.” Item: March 17. In Peru, one of the world’s largest primary silver-gold producers has its 4 mines “temporarily suspended” following the Government’s Declared State of Emergency. Item: March 18. A Canadian mining major suspends construction of a $4.7b copper mine upgrade in Chile affecting 15,000 workers. Item: March 20. Argentina declares a state of emergency and imposes “a nationwide mandatory quarantine starting today.” Silver and gold mines across the country move to halt operations, except for “a reduced workforce to ensure appropriate safety, security and […]

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Supply Crunch Coming as Silver Miners Scale Back

| January 4, 2020 | Category: Mining
Supply Crunch Coming as Silver Miners Scale Back

Through the first half of 2019, silver significantly underperformed gold. Put another way, gold gained relative to silver – culminating in the gold:silver ratio registering a 27-year high of 95:1. That market signal was received by the mining industry. Since there are few primary silver producers, and those that do mine silver also typically mine gold and some base metals, precious metals miners had an incentive to invest more into gold production and less into silver. Precious metals analyst Adam Hamilton wrote in a recent commentary, “As silver wasted away in recent years, its bombed-out prices heavily impaired silver mines’ ability to generate operating cash flows and profits. The silver miners […]

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Top Silver Mining CEO Makes a Remarkable Price Forecast

Top Silver Mining CEO Makes a Remarkable Price Forecast

First Majestic’s Neumeyer: “Silver Mines & Silver Are WAY Rarer Than People Actually Think” Listen to the Podcast Audio: Click Here Mike Gleason, Money Metals Exchange: It is my privilege now to be speaking with Keith Neumeyer, Founder and CEO of First Majestic Silver Corp (NYSE:AG), one of the top silver mining companies in the world. Keith has an extensive background on the resource and finance sectors and has also been an outspoken voice about concerns of distortions in the futures markets pricing for silver. It’s a real privilege to have him back on with us again. Keith, thanks so much for joining us and welcome back. Keith Neumeyer, First […]

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