The near-term prospects of the Zacks Mining - Silver industry look upbeat on rising silver prices and strong demand. Stocks like FNLPF, HL, AG, MAG and VZLA are worth keeping tabs on.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
AG inks deal to buy Gatos Silver. This acquisition will enhance its scale and be accretive to cash flow, production and mineral reserves.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
First Majestic had another mediocre quarter in Q2 2024, reporting a 20% decline in silver production and a 13% decline in gold production. Unfortunately, these figures were far uglier on a per share basis given that First Majestic remains active with ATM sales, with over 14 million shares sold already year-to-date. In this update we'll dig into the Q2-24 results, recent developments and whether the stock is finally offering an adequate margin of safety after its 80% correction.
Three Stocks to Buy as Silver Prices Soar
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
First Majestic Silver Corp. saw a sequential increase in Q2 production, with improvements anticipated in the second half of the year. Strong metal prices are benefiting the company, but revenue declined due to lower sales and production issues. Despite ongoing losses, First Majestic has a respectable cash balance.
First Majestic's (AG) Q2 production gains from improved performances at La Encantada and Santa Elena mines, offset by lower production at San Dimas.
For the first time in four years, inflation finally fell. In June, the Consumer Price Index (CPI) slipped 0.1% to 3%.
The new commodity cycle is underway, and typically, two items take the lead wherever the cycle is headed. Of course, these two widely watched leaders are oil and gold prices, as both are reliable fundamental and psychological indicators to show investors where the economy could be headed tomorrow.