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How Americas Gold and Silver plans to increase production by 500% in a year
The rapid rise of gold and silver prices have caused valuations from miners as well as their exploration budgets to expand, but the industry is yet to see its full potential as the lockdowns have prevented silver companies from generating free cash flow the way they should be, said Darren Blasutti, CEO of Americas Gold and Silver.
“From an industry perspective, we’ve seen market caps double and triple, especially for the explorers and the developers on more of the bottom end that aren’t producers yet. We’ve certainly seen their valuations come up,” Blasutti told Kitco News. “A lot of silver companies are obviously in Mexico and Peru where even more than the U.S., COVID has wreaked a lot of havoc on operations.” (show less)
The rapid rise of gold and silver prices have caused valuations from miners as well as their exploration budgets to expand, but the industry is yet to see its full potential as the lockdowns have prevented silver companies from generating free cash flow the way they should be, said Darren Blasutti, CEO of Americas Gold and Silver.
“From an industry perspective, we’ve seen market caps double and triple, especially for the explorers and the developers on more of ... (read more)
Precious Metals Summit 2020
The 10th Annual Beaver Creek Summit (Virtual) will take place for three days, starting Tuesday September 15, 2020 and concluding Thursday, September 17, 2020.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.
