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Silver

Next Generation Silver Producers Pt. II

Snippet: 
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 was nearing production, another was about to make an official production decision, and the last was still 3-4 years away from one (though worth inclusion as it will inevitably be an absolutely massive operation), these three companies are all nearing a production decision, which will be made this year assuming COVID-19 doesn’t completely shut down the capital markets or make the cost of equity very high for a prolonged period of time. As of this writing, it is looking like the metals have put in bottoms as a result of unprecedented global monetary and fiscal stimulus and rampant physical demand, but anything can happen.
Source: 

SilverSeek.com

Thursday, April 2nd

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Silver

Optimism and Compassion in a Difficult Time

“Is your trip really necessary?”

That was a slogan used by the Office of Defense Transportation (ODT), a government agency temporarily established in 1941 during World War II. The ODT sought to reduce gas consumption and overall internal travel in the United States in order to increase supplies needed for the war effort. One of their methods was to discourage traveling for “non-essential” purposes.

Sound familiar?

Americans today must all work together to support a greater cause, just like we did nearly 80 years ago. Our nation understood the stakes that even the smallest acts could have and acted appropriately then (research indicates that national gas consumption dropped by 32 percent between 1941 and 1944). We can do it again today.

To say “Times are tough” is an understatement. There are so many Americans suffering right now, and I think it is important to be mindful of them. Many are vulnerable to health risks or have lost their jobs. These stories are heartbreaking, and they underscore our need to act with compassion.

The great news is that many are acting with compassion.

Humanity’s capacity for benevolence and innovative thinking has been on full display, as people everywhere have been helping others, whether by coordinating donation efforts of food and medical supplies, supporting local businesses that have been harshly impacted, or organizing efforts for us to stay connected while we are apart. Even little things—simply maintaining social distance and not hoarding at the grocery store—can have a big impact for the nation as a whole.

This effort has been taxing for many and likely will continue to be. During these stressful times, we need to remember to give ourselves what we need to stay safe and mentally healthy.

Remember that social distancing does not mean social isolation.

Try to connect with someone every day. Modern technology has given us innumerable ways to stay connected, so why not take advantage of them? Even if you don’t want to video conference, phone calls are still a great way to stay in touch with friends and relatives. With more time on our hands indoors, now could also be a great time for the forgotten art of letter writing.

Moreover, there are other things we can do to keep our spirits up. Find ways you can be physically active and get outside if you can. Take this time to reflect on what you are grateful for. And remember that while things may seem bleak, there is still beauty in this world. We all have the ability to create or cultivate this beauty, and we can all let it into our lives.

The post Optimism and Compassion in a Difficult Time appeared first on U.S. Money Reserve.

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Silver

Seabridge Gold raises $14.1 million for potential tax liabilities

Kitco News

(Kitco News) – “The main use of proceeds is to make deposits to the Canada Revenue Agency (CRA) which cover potential tax liabilities stemming from re-assessments of its Canadian Exploration Expenses by the CRA as disclosed in the company’s 2018 and 2019 financial statements. Making the deposits enables Seabridge to proceed with its legal challenge of the CRA,” said the company in a statement.

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Silver

Antofagasta to be powered entirely from renewables

Kitco News

(Kitco News) – “As part of the transaction Centinela will cancel two existing PPAs, that expire in 2026 and 2027, and the Company will sell its indirect 40% interest in the Hornitos thermal power station to ENGIE, resulting in an attributable post-tax write down of approximately $43 million, which will be recognised in Antofagasta´s half year financial results.

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Silver

Barrick chair sells 2.6 million shares

Kitco News

(Kitco News) – The company added that Thornton would continue to retain and seek to build on what remains a meaningful equity stake in Barrick.

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Silver

Make sure the company you choose to invest in can weather this out: David Erfle

Kitco News

(Kitco News) – “I’ve got core positions in royalty companies; growth-oriented, low cost producers and some development plays that have a lot of cash,” said Erfle during a video interview.

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Silver

Gold and silver saw healthy trading activity in February

Kitco News

(Kitco News) – The gold and silver market saw healthy trading activity in February, but the London Bullion Market Association (LBMA) says the latest data have little meaning as the global economy and precious metals markets have been significantly impacted by the COVID-19 pandemic.

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Silver

Silver and Sanity

Snippet: 
Silver is real money, not a debt-based fiat currency that will eventually fail. Silver bullion production requires capital and effort to mine and refine. We use it for solar panels, iPhones, cruise missiles and thousands of other items. Silver is monetary sanity.

Miles Franklin sponsored this article by Gary Christenson. The opinions are his.

Silver is real money, not a debt-based fiat currency that will eventually fail. Silver bullion production requires capital and effort to mine and refine. We use it for solar panels, iPhones, cruise missiles and thousands of other items. Silver is monetary sanity.

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Silver

Modern Monetary Theory, Hyperinflation & The Gold Buying Boom

Right now is the biggest boom, ever, in the history of gold when it comes to the public buying it.
—Eric Sepanek, president of Scottsdale Bullion & Coin, on the Mike Broomhead show on AZTV
Categories
Silver

Glencore withdraws dividend

Kitco News

(Kitco News) – The company said it is still able to generate “material levels of positive free cash” in the current environment.

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