Bullboard - Stock Discussion Forum Guanajuato Silver Company Ltd V.GSVR

Alternate Symbol(s): GSVRF

Metals & Mining Industrial Metals & Minerals

Guanajuato Silver Company Ltd. is a precious metals producer engaged in reactivating the past producing silver and gold mines in central Mexico. It produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine; all three mines are located within the state of Guanajuato. It produces silver, gold, lead, and zinc concentrates from the... see more

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Guanajuato Silver Company Ltd > Factors To Consider For Q3 and Q4 GSVR

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Post by ErinBrockovich on Aug 30, 2024 8:05am

Factors To Consider For Q3 and Q4 GSVR

- peso weakness, now at 19.65ish. GSVR mines silver and gold in Mexico. So, labour costs go down significantly as the currency weakens.

- FED rate cuts will drive silver and gold up. First cut is in Sept. Two more cuts likely this year.

- silver is in deficit. Demand from India and China keep prices high. Shanghai offers a 10 percent premium which means the metal wiill flow east. This is both from an investment and industrial demand perspective.

- geographical tensions remain high. Numerous flash points - Ukraine, Middle East

- G silver intends to ramp up production further. Also, various plant improvements are expected to come online

- silver and gold will continue to make new highs. There are many reason for this. Moves will be sudden. And unpredictable

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