Blazesb wrote: If you don't follow the Kereport Excelsior is pretty much it. A few years ago he went on month long vacation and in his absence the site became a desert. So they gave him a piece--he is now being paid for what he did so many years for free.
Regardless, enjoy the venting at the fickle market's response to a great earnings report.
Richard Tracy
10 hours ago
I can’t believe the sell off today in Santacruz Silver, I mean, how can anyone justify it, but I think it will turn around very soon! I don’t know what people were thinking, did they see something I didn’t, were they hoping for more, maybe, but I don’t think they understand even the basics of investing 101. Maybe I should have a few beers and start my life over again. This is not investing advice, this is a personal rant. LOL! DTDT
Excelsior
Hi there DT. I agree with you on the market selldown today in Santacruz Silver being illogical. The results looked encouraging enough to me, and they are now stepping up production at multiple mines to become a legit mid-tier silver producer. They still have some work to do on getting all their mines optimized, but all-in-all they put out good numbers and didn’t deserve to be sold off 18% today.
Santacruz Silver’s net income jumps 273% in second quarter as silver equivalent production up 406%
Vladimir Basov – Tuesday August 30, 2022
“Santacruz Silver Mining (TSXV: SCZ) announced today that its consolidated silver equivalent production increased 406% in Q2 2022 to 4,046,328 ounces as compared to 799,057 ounces produced in Q2 2021.”
“The company said that this increase is largely due to production from Bolivian operations acquired in March 2022, a 21% increase in silver equivalent production from the Zimapan Mine offset by no production from the Rosario Project following its sale in December 2021.”
https://www.kitco.com/news/2022-08-30/Santacruz-Silver-s-net-income-jumps-273-in-second-quarter-as-silver-equivalent-production-up-406.html
Reply
Excelsior
7 hours ago
I’ve not added to my Santacruz Silver position for a little bit, but it is almost back down to where I had added in early March and late July. If we see continued selling in the near term, then I’ll likely add some more to SCZ.