Q3 and Q4 Q3 numbers will show fu4ther improvements for GSVR. But Q4 will be even better. It's very likely that silver won't slip below 28 dollars until year end. It's likely silver will remain over 30 dollars. Another rate cut will come. Likely 25 basis points. That will add fuel to the fire.
Be sure to read GSVR on CEO boards
@littleowl No they don't @ritty0 ; GSVR is not a higher cost producer. It is comparable to all other similar Silver producers except that AISC costs are going to drop significantly this quarter and beyond to $20 and probably even less. All you have to do is compare with Q1 which had the benefit of added volumes from third party low-ish grade surface stockpiles that primarily went to feed the El Cubo plant (which was always the main issue for GSVR) towards its optimum capacity. It was never about mining costs which are now fine accross all the mines. And so with the benefit of all the upgrades at San Ignacio and Topia plus additional higher grades from the deeper de-watered section at El Cubo and an increase in volumes from other areas there due to a lower cut-off grade (probably across all mines) due to the lower peso and the increase in the price of Gold and Silver, we're looking for Q4 at a higher overall production than Q1, possibly significantly higher, as well as lower costs than Q1.