Silver (Gold) Seeker Report: This Week in Mining Issue #25: Earnings Season in Full Swing

Gold and silver prices surged again this week, although both metals were hit on Friday. The disconnect between the valuation of mining equities relative to the underlying commodity price has been expanding. We are overdue for correction and/or a period of consolidation but it remains to be seen when that will be. It certainly feels like it has begun or is just around the corner. Q2 earnings announcements have started to accelerate with most companies impacted from the CV19 protocols and mandated mining suspensions. However, Q3 earnings are on track to be significantly better with a full quarter of production (hopefully) at higher average gold and especially silver prices.