CEO Darren Blasutti Steadfast: "Our Strategy Has Not Changed"

Americas Silver has shifted its focus from base metals back to silver following the acquisition of Pershing Gold, in line with the company’s belief that silver prices have more room for improvement, said CEO Darren Blasutti.
“We thought selling silver at $14.50 an ounce wasn’t the greatest move in the world. We’d like to leave the silver for when silver prices are high. So we’ve seen silver move a bit. I think if gold continues to go silver is going move quite rapidly,” Blasutti told Kitco News on the sidelines of the BMO Global Metals & Mining Conference in Florida.
Prior to the acquisition of Pershing Gold in October, Americas Silver’s production consisted of 75% base metals and 25% silver. The acquisition allowed the company to shift production to 70% silver and gold, Blasutti said. (show less)

Americas Silver has shifted its focus from base metals back to silver following the acquisition of Pershing Gold, in line with the company’s belief that silver prices have more room for improvement, said CEO Darren Blasutti.
“We thought selling silver at $14.50 an ounce wasn’t the greatest move in the world. We’d like to leave the silver for when silver prices are high. So we’ve seen silver move a bit. I think if gold continues to go silver is going move quite ... (read more)

BMO Conference 2019

BMO Conference 2019
From February 24 to February 27, Kitco News will be bringing you exclusive interviews with analysts, experts, and of course, executives of major gold and silver mining companies. Over the years, BMO Capital Markets have consistently attracted prominent investors, analysts and executives by providing valuable forums to explore strategies, trends and opportunities.

Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.