(Kitco News) - Silver can move quickly in a short period of time, noted Michael Konnert, president and CEO of Vizsla Silver.
On Thursday Konnert spoke to Kitco Mining.
Vizsla Silver (NYSE: VZLA) is advancing its Pacuno project in Mexico. The company received its preliminary economic assessment in July. Highlights were an estimated after-tax NPV (5%) of more than US$1.1 billion, an after-tax IRR of 85.7% and a payback over a period of about nine months. Annually, the mine is projected to produce an average of 15.2 million silver equivalent ounces.
The company is working towards a feasibility study to be released in the second half of 2025.
With gold hitting all-time highs, Konnert said silver should follow. Konnert said a higher gold price is followed by a silver lag between six to nine months behind.
“We haven't seen that yet. We've seen things similar to that happen in the past,” said Konnert.
Konnert described the last move by silver early in the decade as “parabolic.”
“If you weren't invested, you totally missed out on that move.”
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