Company Updates From Management – Tue 28 Jul, 2020

Silver market macro fundamentals and an update from SilverCrest Metals

Chris Ritchie, President of SilverCrest Metals (TSX:SIL – NYSE:SILV) joins me for a discussion on the macro environment for the silver sector. We compare the value of precious metals to stocks and bonds while also touching on global asset allocation.

In terms of silver fundamentals the estimated demand for silver ETFs has already been hit in the first half of this year. This is showing the increase in interest in the sector as well as the types of investors that are coming in.

When it comes to SilverCrest Metals I have Chris outline the exploration that is ongoing balanced with the possibility of moving into production.

Please email me with any follow up questions for Chris regarding SilverCrest or the general silver market. My email is Fleck@kereport.com.

Click here to visit the SilverCrest website and read over the Company’s presentation.


Comments:
  1. On July 28, 2020 at 10:34 am,
    Matthew says:

    Silver’s macro funny-mentals are superb.

  2. On July 28, 2020 at 12:35 pm,
    Marty says:

    If I were hearing Chris right, Production is minimally 2 years off

    • On July 29, 2020 at 1:34 am,
      Excelsior says:

      Yes, he mentioned Silvercrest was targeting production for 2022. I was thinking it was slated for next year, so that does seem further off than anticipated.

      It looks like the next 3 Silver producers are going to be Alexco, Mag Silver, and Aurcana who are all planning on being in production next year.

      Bayhorse is a smaller Silver developer using oresorting to upgrade their ore, and they also may make it into production in 2021.

      • On July 29, 2020 at 1:41 am,
        Excelsior says:

        I was pleasantly surprised at how astute Chris R. was in macro economics and the drivers of the bonds, equities, and precious metals, and felt he had as good of commentary on the markets as most of the other guests that come on as market pundits. Very nice getting his insights.

  3. On July 28, 2020 at 12:36 pm,
    Marty says:

    2 years seems like an eternity

    • On July 28, 2020 at 3:01 pm,
      Matthew says:

      At least rising silver will keep SILV rising for those two years (unless it is currently way overvalued).

  4. On July 28, 2020 at 12:54 pm,
    JustTruth says:

    Silv will be sold to major that will take it to production (FM comes to mind). They are maximzing drilling to increaee mcap and sale value.

  5. On July 29, 2020 at 12:55 am,
    Excelsior says:

    Jeff Clark @TheGoldAdvisor 7:19 PM · Jul 27, 2020 · Twitter

    “For those amazed by #silver’s gains, here are the +10% days from 1979-1980”

    36.5%
    13.9%
    10.8%
    11.8%
    15.6%
    24.0%
    19.0%
    10.6%
    24.0%
    15.8%
    11.6%
    24.4%
    25.9%
    12.6%
    13.6%
    11.4%
    11.8%

    “Big down days too, & it won’t be a straight line, but never underestimate silver: it can your breath away”

    https://twitter.com/TheGoldAdvisor/status/1287905601515737088

    • On July 30, 2020 at 1:36 pm,
      GrowingTrees says:

      That is crazy! I missed that tweet 🙂

  6. On July 29, 2020 at 12:58 am,
    Excelsior says:

    Avalon Investment Holdings Ltd. And Anconia Resources Corp. Announce Strategic Investment of US$4.5 Million From Silvercorp Metals Inc. (SVM)

    by @nasdaq on 28 Jul 2020

    https://ceo.ca/@nasdaq/avalon-investment-holdings-ltd-and-anconia-resources