Gatos Silver (GATO) AnalysisCompany Overview: Gatos Silver NYSE:GATO is positioned for an exceptional 2024, with CEO Dale Andres expressing confidence in hitting the higher end of silver production forecasts. The company’s 70% stake in the Los Gatos Joint Venture (LGJV) significantly enhances its value proposition, while ongoing aggressive exploration efforts in the region provide opportunities for new discoveries and resource expansion.
Key Catalysts:
Strong Silver Production: GATO is expected to deliver silver production at the upper end of its projections for 2024, which could be a key driver for stock performance.
Los Gatos Joint Venture (LGJV): The company's 70% ownership in LGJV offers a solid foundation for growth, with access to one of the highest-grade silver districts globally.
Exploration & Resource Expansion: GATO's exploration efforts in the Los Gatos district continue to uncover new opportunities for resource expansion, bolstering future revenue prospects.
Revenue Growth: In Q1 2024, Gatos Silver reported a 16% increase in revenue, largely due to higher sales volumes, a positive sign of operational efficiency and market demand.
Investment Outlook: Bullish Outlook: We are bullish on GATO above $12.80-$13.00, supported by the company’s strong silver production outlook and exploration upside. Upside Potential: Our target range for GATO is $25.00-$26.00, driven by production growth, exploration success, and increasing revenues.
🚀 GATO—Silver Shining Bright with Exploration and Production Growth. #SilverStocks #Mining #Exploration
Silverstocks
My TOP10 picks list in (Silver & Gold) Mining companies 5/10Silver Dollar Resources Inc are a silver focused junior, project generator with four exploration properties in Canada and Mexico. They have approximately 50Moz. of silver in the reserves.
They have a market capitalisation of 10 million USD, which is a steal !
Recently (as of march 2024) the silver in the ground was valued at below 10 cents per Ounce !
That was the time when the price broke out of the broadening descending channel after 4 years of painful downward spiral ! Since then the price has been sitting on the support of the descending downward trend line (previous resistance that now acts as support).
It has been sitting there for about 4 months. Yesterday the price shot up about 35% showing that interest for the sector is coming back after Silver has cleared the important 30$ mark.
There is no need to hurry in this stock, since it will probably digest yesterdays strong move in the following days.
Not financial advice but I will probably double my position soon.
Silver Miners vs Silver SpotThis might be the explosion that will kickstart the silver stocks. This chart is showing a possible W formation that's about to break out... as well as the 25 weekly crossing the 52 weekly, which is usually pretty significant. Lastly, if it can break above the ichimoku cloud, then this ride might take off.
AUY's Inevitable Path to $7Is it finally time to be bullish on gold and silver mining stocks? A lot of indicators are pointing to YES. There will certainly be pullbacks along the way, but with interest rates rising and war tensions overseas, precious metal stocks are beginning to gain a lot of interest. NYSE:AUY will be the perfect example of that.
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Almaden Minerals - 2021-H4 - 14NovAlmaden Minerals - 2021-H4 - 14Nov
Almaden Minerals Ltd. owns 100% of the Ixtaca project in Puebla State, Mexico, subject to a 2.0% NSR royalty held by Almadex Minerals Ltd. The Ixtaca deposit hosts a proven and probable reserve containing 1.38 million ounces of gold and 85.1 million ounces of silver (73.1 million tonnes grading 0.59 g/t Au and 36.3 g/t Ag). A report titled “Ixtaca Gold-Silver Project, Puebla State, Mexico NI 43-101 Technical Report on the Feasibility Study”
Silver Miner’s retail investor-Fueled SurgeSilver-exposed stock $ASM climbed early on Monday, after a surge in retail trading pushed the price of the precious metal to an eight-year high.
Silver has rallied in recent days as some users on social media have seemingly turned their attention to the metal.
“What we don’t know is exactly how this is happening,” said Markets.com analyst Neil Wilson. “Clearing out of shorts by worried hedge funds, retail-driven bid, ETFs flows driving the physical market, smart-money front-running the trade, or a combination of all these,” he added.
The surge came after the dual-listed miner, which has a silver operation in Mexico, disclosed last week plans to sell up to $25 million of newly issued shares into the U.S. market.
Exactly what kinds of investors are behind the current run-up in metal prices and silver-exposed stocks is uncertain, but clearly opportunities have arisen.
A number of posts on the WallStreetBets forum advocated buying silver, while #silversqueeze has also been trending on Twitter. However, many posts also argued against the trade.
“The issuer community will flood the market with capital raises, particularly the U.S.-listed ones who can access the superior liquidity with ‘at the market’ equity issuances,”
www.barrons.com
finance.yahoo.com
Reddit Traders Are Taking Aim at Silver stock $LODE$LODE Would also be one of my top picks if we are entering a Silver Bubble over the next month.
You can clearly see that it's a reverse split and has the lowest float for a silver miner that I could find.
This came after a surge in retail trading pushed the price of silver to an eight-year high. As the war between Reddit board traders and hedge funds continues, it seems to me that a “silver squeeze” could be imminent. Popular subreddit r/WallStreetBets (WSB) could be hinting to bank on silver stocks, which sent prices of the semi-precious metal sharply higher late last week. In detail, one Reddit poster mentioned that the silver bullion market could also be one of the most manipulated on Earth. The user also encouraged many other retail investors to trigger a short squeeze in silver paper shorts.
Now to be fair, we know that there is a strong demand for the uses of silver. From solar panels to electric cars and electronics, silver has an enormous appeal as a precious metal and industrial asset. Could silver stocks be the next target for Reddit day traders and their crowdsourcing power? If so, we could be seeing another rally that GameStop (NYSE: GME) has enjoyed so far this year.
Whether or not WSB’s obsession with silver is short-lived remains to be seen, but there’s no question that $LODE stock and other top silver stocks are heating up right now. With all that being said, do you have a list of top silver stocks to buy amid silver’s rapid rise?
www.nasdaq.com
SSVR.C - Undervalued silver play, bonanza drilling intercepts!SSVRC has reported bonanza silver grades of 3,760 g/t over 2.5 m and is an absolute bargain at $60M mkt cap / 51M float compared to peers. The drilling program has been expanded to 12,500 m and we should be seeing more results reported soon. Strong management group with history of discoveries. Fully funded for 2020. Trading in historical support zone and getting close to oversold area on the Daily chart.
SILVER LONG POSITION/SILVER BUY SIGNAL
Hi guys,
We have solid position on silver.
* MACD DAILY BULLISH
* StochRSI DAILY BOTTOMED
* My view is that silver will after this strong pierce and selloff make attempt towards previous highs, drop again and continue to push since underpriced.
* Target on silver is 48$/OZ.
Having on mind position of S&P 500, DAX. FTSE and the other indexes, situation on stock market seems very shaky.
SPX is in front of WEEKLY BEARISH MACD CROSSOVER which will result collision of index as we could see in the chart
Apart from SPX, DAX seems even more shaky and i would suggest clearing stock positions and opening longs on metals (prefferably silver), since HH of gold should not surpass 57.000$ which is 10% at best comparing with silver which provides 218% return on investment (118% profit).
Money from stocks will move to precious metals and crypto section.
Appliance of silver from fundamental side is used in industry since all the batteries, fast chargers and so on could not behave as good conductior as silver, because it doesn't have "skin" effect like copper and it can endure big amperage which will be used in electrical car chargers (since gold is to expecive now).
Silver will be too, but still not
Usual ratio Au:Ag=20:1
Now is 70:1 in favor of gold (since gold made brakeout first
Once again, i find silver highly underpriced and will collision of stock exchange (WHICH IS IMMINENT) and certain as Tuesday after Monday, money will move into " store of value"
Good luck to everyone and happy silver holding.
Will pay off big time !!!
BHS.V -- Undervalued silver play getting re-rated on newsMajor news from this silver mining company came out in the afternoon so I don't think we saw the full effect yet. In the process of getting re-rated. Very undervalued based on their production numbers. Favourable macro.
Bayhorse Recomences Operation at Its Relocated Silver Flotation Circuit for Mineralization from Its Bayhorse Silver Mine
Burnaby, British Columbia--(Newsfile Corp. - August 10, 2020) - Bayhorse Silver Inc (TSXV: BHS) (the "Company" or "Bayhorse") has relocated its milling and silver flotation circuit to Fruitland, Idaho, from the Bayhorse Mine site, in Oregon and increased the capacity of the circuit to allow for processing at an "as mined" tonnage of 200 tons per day from the Bayhorse Silver Mine. The Company has added trained flotation operators to its Mine staff in Idaho to recommence flotation operations and recommissioning.
As disclosed in the Company's news release BHS2020-12, metallurgical testing has achieved 87% silver recovery, with the expectation the recoveries will reach 90%. The Company is planning to produce a silver concentrate averaging 10,000 g/dmt. The concentrate is expected to contain 11% copper. The concentrate will be placed in supersacks and shipped in 25 ton containers to prospective purchasers. The Company is preparing two sample 50 ton shipments of concentrate to prospective purchasers.
Initial processing will treat the 400 tons of Ore-Sorted mineralization currently stored at the Bayhorse Mine. This will be followed by a further 300-400 tons of already mined mineralization stored inside the Mine after it is processed through the Ore-Sorter.
The Company reduces the “as mined” tonnage through pre-concentration using its state of the art Steinert X-Ray Transmissive (XRT) Ore-Sorter, that is capable of sorting the Bayhorse mineralization at a rate of 40 tons per hour. “the references to “Ore-Sorter” do not imply the property hosts “mineral reserves supported by a PFS or FS”.
Fines from 8 mm up to 25 mm, produced from mining operations, are screened off prior to crushing the over size material down to 25 mm which are then passed through the Ore-Sorter. The highly selective Ore-Sorter selects 5% - 7% of the mineralization and rejects everything under a Specific Gravity (SG) of 2.8, or 93% to 95% of the input. From an "as mined" rate of 200 tons per day, only a maximum of 40 - 50 tons per day of pre-concentrate is selected to be transported to the flotation circuit. The fines at minus 8 mm mineralization goes direct to the milling and flotation circuit.
As reported from the historic Silver King Mines 1984 mining program, mineralization was characterized as 23% at between 20 and 100 oz/t (622 - 3,210 g/t) ; 71% between 6 - 20 oz/t (186 - 622 g/t); and 6% under 6 oz/t, (186 g/t). The established cut-off grade at the time was 6 oz/t. Recent Steinert XRT Ore-Sorter rejection grades are as low as 15 g/t, as reported in the Company's news release, (BHS2020-02).
The Covid-19 lockdowns slowed the completion of the relocation and capacity increase of the mill, as well as the comprehensive metallurgical work conducted over the past number of months. The metallurgical work was in part to provide additional data to potential purchasers of the Bayhorse Silver Concentrate, and partly for the reconfiguration of the resized flotation circuit.
Bayhorse CEO, Graeme O'Neill comments, "I congratulate the Company's consultants, miners and other operations personnel for their perseverance in achieving the recommencement of Mine operations in a safe manner and under the difficult circumstances of the Coviid-19 shutdowns. I also thank our many loyal shareholders for their patience during these past trying times."
The Company is planning on recycling the majority of the water and tailings used in the flotation process to maintain the Bayhorse Silver Mine as a minimum impact mine.
The Company is not basing any decision to produce on a feasibility study of mineral reserves demonstrating economic and technical viability and advises there is an increased uncertainty and specific economic and technical risk of failure with any production decision. These risks include, but are not limited to, (i) a drop in price of commodities produced, namely silver, copper, lead and zinc, from the pricing used to make a production decision; (ii) failure of grades of the produced material to fall within the parameters used to make the production decision; (iii) an increase in mining costs due to changes within the mine during development and mining procedures; and (iv) metallurgical recovery changes that cannot be anticipated at the time of production.
Novo Resources Corp - New Bullish CycleNo retracement yet of the first up-leg, this is just starting!