Post by
gimmycash2 on Apr 09, 2023 5:23pm
Silver might be holding at $25
But gsvr is selling it at a 12% discount ,add the 15% royalties and that's 27% under 25$ ,that puts is it at 18-19 $ an oz.pre production increase at that price their losses were about 15 mil a quarter , factor in the production increase and the cheap prices they are getting next quarter is going to be a bloodbath.and if silver and gold drop as they do every summer .OUCH!!!!!but you keep pumping Erin ,seem math is not your strong point.
Comment by
Franschoek on Apr 10, 2023 4:02pm
If you're going to challenge other peoples assumptions you should make sure that your own are correct. The only royalty payable is on underground stockpiles at Pinguico that won't be mined for 2 years. Also the discount price is applicable to only about 250,000 ounces by my math. That's a far cry from full year 23 projections. Frans