Americas Silver Corp
USA-T
10 watching
About Americas Silver Corp (USA-T)
0
0
0
0
0
Your Reaction
(Past Top Pick, June 22, 2018, Down 27%) There are warrants coming due, but this company has good leverage with cost production down to -2, because Glencore buys all their extra rock (lead and zinc). They started a new mine, New Rafael, which will lower costs further to -7. He's owned this for a long time.
(Past Top Pick, June 22, 2018, Down 27%) There are warrants coming due, but this company has good leverage with cost production down to -2, because Glencore buys all their extra rock (lead and zinc). They started a new mine, New Rafael, which will lower costs further to -7. He's owned this for a long time.
One of his favourite silver producers and one of the world's lowest-cost ones. Fine management, mostly from Barrick Gold. Unlike its peers who have been selling their high-grade minerals to stay alive, they have been selling their low grade (zinc and lead). They're selling their garbage at negative cost. They can easily start mining their high-grade which is being stored. This will have quite a bit of upside. (Analysts' price target: $7.42)
One of his favourite silver producers and one of the world's lowest-cost ones. Fine management, mostly from Barrick Gold. Unlike its peers who have been selling their high-grade minerals to stay alive, they have been selling their low grade (zinc and lead). They're selling their garbage at negative cost. They can easily start mining their high-grade which is being stored. This will have quite a bit of upside. (Analysts' price target: $7.42)
A colleague likes Americas silver a lot as a good representative of the silver sector. For him, this stock has run up too high and so he cannot buy it now.
A colleague likes Americas silver a lot as a good representative of the silver sector. For him, this stock has run up too high and so he cannot buy it now.
This company used to mine silver heavily, and will still mine a million ounces this year but over the past four years it has been refocusing on zinc. A new zinc mine will come into production this year, replacing a silver mine with a large production of zinc. Very few new zinc mines are coming onstream, so there is a strong opportunity for this company over the next 12 months. He expects the stock to run up as high as $6.
This company used to mine silver heavily, and will still mine a million ounces this year but over the past four years it has been refocusing on zinc. A new zinc mine will come into production this year, replacing a silver mine with a large production of zinc. Very few new zinc mines are coming onstream, so there is a strong opportunity for this company over the next 12 months. He expects the stock to run up as high as $6.
Silver has a somewhat related pattern to gold, except it has some industrial applications. Stock is moving sideways, in a very volatile, but basing pattern. It needs to break that at about $5.50-$6. Until it breaks that, he wouldn't touch it.
Silver has a somewhat related pattern to gold, except it has some industrial applications. Stock is moving sideways, in a very volatile, but basing pattern. It needs to break that at about $5.50-$6. Until it breaks that, he wouldn't touch it.
The main focus of their property is in Mexico. The initial ore body ran out, and they are now putting another one into production. There are a number of ample opportunities in that whole area, so there could be an expansion in that part of the holding. They also have a property in Idaho, which basically has a 10-year reserve life, as well as a new holding in Mexico.
The main focus of their property is in Mexico. The initial ore body ran out, and they are now putting another one into production. There are a number of ample opportunities in that whole area, so there could be an expansion in that part of the holding. They also have a property in Idaho, which basically has a 10-year reserve life, as well as a new holding in Mexico.
(A Top Pick May 1/15. Up 57.14%.) This continues to be a Top Pick.
(A Top Pick May 1/15. Up 57.14%.) This continues to be a Top Pick.
Management is the M&A team from America Barrick. Ever since they took over these 3 different mines, the price of silver has always been higher than the cost of production. What kept them alive, and what not many managers would have done, every quarter they would ramp up production more than the decline. They have gone from 500,000 ounces to 5 million ounces equivalent of silver production. This is the 1st quarter where we have the inverse where the price of silver is higher than the cost of production, and that spread will continue to widen. Going forward, clients will be very well rewarded.
Management is the M&A team from America Barrick. Ever since they took over these 3 different mines, the price of silver has always been higher than the cost of production. What kept them alive, and what not many managers would have done, every quarter they would ramp up production more than the decline. They have gone from 500,000 ounces to 5 million ounces equivalent of silver production. This is the 1st quarter where we have the inverse where the price of silver is higher than the cost of production, and that spread will continue to widen. Going forward, clients will be very well rewarded.
A Mexican silver company, formerly Scorpio Mining. They want to build a combined company with reserves of more than 1 billion ounces of silver. This is going to take some doing. He is underwater in his small position, but is going to stay with it.
A Mexican silver company, formerly Scorpio Mining. They want to build a combined company with reserves of more than 1 billion ounces of silver. This is going to take some doing. He is underwater in his small position, but is going to stay with it.
Likes management. They have actually delivered consistently. In 2011, the 3 companies they acquired were worth about $800 million. The company market cap is looking sad, but it is great management, good properties and they continue to lower the cost of production. He thinks this will definitely survive.
Likes management. They have actually delivered consistently. In 2011, the 3 companies they acquired were worth about $800 million. The company market cap is looking sad, but it is great management, good properties and they continue to lower the cost of production. He thinks this will definitely survive.
What is interesting is that the rock that is being produced is all low-grade production. Just by diverting to high grade, they can really kick up production when the time is right and when we need silver prices much higher. Ridiculously cheap. Good management and good locations.
What is interesting is that the rock that is being produced is all low-grade production. Just by diverting to high grade, they can really kick up production when the time is right and when we need silver prices much higher. Ridiculously cheap. Good management and good locations.
Comments
00000