RE:RE:whos' markeitng scz these days...There could be a lot of selling pressure in August, as both shares from the PP in April (47M) and shares resulting from exercise of the Trafigura warrants (28M) will be free for sale then - on 13th and 24th of August respectively. We shall see.
AISC is high for both 2020 as a whole and especially for q4, but it should be lowered by the aquisition of Zimapan, as that removes an NSR of 4%. In their latest presentation, Santacruz still guides an AISC <$16.
According to the NR of May 6th, it seems the main reason for the higher AISC at Zimapan in q4 is that silver price has risen more than the price of the base metals they produce - meaning that the base metals production when calculated as silver equivalent ounces is lowered. I suppose this will continue, so they may have trouble getting AISC as low as $16. It will be interesting to see what AISC will be in q2 and forward, when they produce as owners instead of leasers of Zimapan.