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Silver

Mountain Province boosts diamond sales revenue in 2021 on strong demand and higher prices

Kitco News

(Kitco News) – Mountain Province Diamonds (TSX: MVPD) reported today that in 2021, production from the Gahcho Kué diamond mine was 6.23 million carats against the guidance of 6.30 – 6.50 million carats.

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Amerigo beats its annual copper production guidance in Chile

Kitco News

(Kitco News) – Amerigo Resources (TSX: ARG) announced Thursday that in 2021, the company produced 63.4 million pounds of copper from Minera Valle Central (“MVC”) in Chile, exceeding its annual guidance by 4%.

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Taseko says copper production at Gibraltar in 2021 impacted by lower grades and recoveries

Kitco News

(Kitco News) – Taseko Mines (TSX: TKO) reported today that in 2021, copper production from the Gibraltar mine in British Columbia was 112 million pounds, a decline of 9% over 2020 (123 million pounds).

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Surging inflation across the globe is a real test for gold price

Kitco News

(Kitco News) – Inflation is one of the biggest risks that could derail economic recovery this year, especially if central banks get the tightening wrong, according to analysts.

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FSM: 2 Silver Mining Stocks That Could Rally More Than 60%, According to Wall Street – StockNews.com

FSM: 2 Silver Mining Stocks That Could Rally More Than 60%, According to Wall Street  StockNews.com
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Silver

AbraSilver Announces Filing of PEA Technical Report for Diablillos Project

AbraSilver Announces Filing of PEA Technical Report for Diablillos Project

AISC during the Life-of-Mine of $11.97/oz AgEq. Initial Capital Expenditure of $255.0 million, with payback period of 2.6 years. In first 5 years of 8.0 Moz Ag and 44.3 koz Au, (11.4 Moz AgEq) …

AbraSilver Corp.
Thu, 01/13/2022 – 08:13

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Silver

Endeavour Silver to Acquire the Pitarrilla Project, One of the World’s Largest Undeveloped Silver Projects¹, Leveraging Regional Platform and Operating Expertise in Mexico

Endeavour Silver to Acquire the Pitarrilla Project, One of the World’s Largest Undeveloped Silver Projects¹, Leveraging Regional Platform and Operating Expertise in Mexico

The acquisition of Pitarrilla, one of the world’s largest undeveloped silver projects, accelerates our vision to become a premier senior silver producer.

Endeavour Silv…
Thu, 01/13/2022 – 07:23

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Silver

Andy Schectman – Silver Inventory Delayed by Mints, Ordering Months In Advance

Andy Schectman – Silver Inventory Delayed by Mints, Ordering Months In Advance

Andy Schectman joins us to describe what he is dealing with on the silver and gold wholesale market.

Wall Street Silver
Thu, 01/13/2022 – 07:07

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Gold

Americans more pessimistic on the economy

Economic Optimism Indexbar chart showing investor economic outlook index in decline
Chart courtesy of TradingEconomics.com

Chart note:  “The IBD/TIPP Economic Optimism Index in the US fell sharply to 44.7 in January of 2022 from 48.4 in December, a sign Americans turned more pessimistic as omicron case-levels exploded and inflation continued to hit generational highs. The six-month US economic outlook index slid 4.9 points to 37.9, the lowest level since July 2020. The major shift came among investors, who are suddenly feeling more bearish about the US economic outlook than they’ve been in more than five years. Also, the gauge of support for federal economic policies subindex sank 3.6 points to 43.9. The personal finances subindex fell 2.6 points to 52.3, well off its peak but still reflecting modest optimism.” (Trading Economics – 1/11/2022)

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Gold

Silver supply-demand trends could catalyze the price

BullionWorldMagazine/Georgia Williams/12-13-2021

“Silver’s move to US$28.55 wasn’t the only milestone the white metal registered in 2021. Demand for silver exchange-traded products touched an all-time high during Q1, when holdings topped 1.2 billion ounces. Healthy purchases from the investment and industrial segments helped silver demand surpass 1 billion ounces for the first time since 2015.”

USAGOLD note: That buildup at the ETFs – significant as it is – passed without garnering much attention in financial media. Occurring in year one of the pandemic, the very strong 2020 increase in silver ETF stockpiles indicated significant fund and institutional interest in the metal for safe haven purposes.

line and bar combination chart on silver ETF levels through 2021

Chart courtesy of GoldChartsRUs.com

 

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