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 companies and maintenance costs will lead to material cash outflows should it be extended until the end of June. On the other hand, mining might be declared an essential business in Mexico at any time.