The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Could they be interested in Jamaica? News today that they will no longer invest in the North Sea due the the EPL tax. Jamaica would be a perfect drill ready option to diversify away from the North Sea…a $40 million drill is nothing for HBR.
As an investor in Fresnillo Plc. I look forward to "the problems" mentioned
by Simple Digressions. Lower ore grades? Yes. Start-up troubles including
NOT getting electrical power in time like this year? Sure. There is always
something.
However at the end of the day Fresnillo Plc. is (and for the coming years
will stay) the LARGEST silver producing company on the globe. And the
real silver production is growing from 53 mln. ounces in 2021 towards 69
mln. ounces in 2023: a whopping 30% GROWTH in silver production in
2023 (compared to 2021).
Also Fresnillo Plc. has the LARGEST silver resources on the globe.
Good to know in a rising price environment: when the price of silver
starts rising too.
"We produce gold and silver from six locations across Mexico. We develop
high potential projects into low-cost, world-class mines. We look to maximise
the potential of these operations while maintaining our position as a leading
low cost producer."
Seekingalpha don’t think they can do it, but I prefer to read the official RNS from management with much more knowledge about the matter and guidance is unchanged for 2022 and even 2023:
Fresnillo acknowledges and appreciates the significant contribution made by CFE and Centro Nacional de Control de Energía (CENACE) for their cooperation, support and engagement as we continue to work closely with them towards concluding this final process.
Fresnillo is very confident in the integrity of the new systems and that they will meet the stringent requirements of the regulator. In addition, we are confident in our ability to effect a rapid ramp-up of operations once all final elements are formally approved and full load commissioning at Juanicipio commences.
Mine development at Juanicipio is ongoing with a substantial stockpile built in anticipation of the commencement of milling operations, in the interim, ore will continue to be processed at our nearby Saucito and Fresnillo operations.
As a result, there is no impact on 2022 production, nor on our 2023 production expectations.
It looks like the new silver mine is ramping up production just at the right time as PM rise...does anyone know the aisc for Juanicipio? I can't find it, but sure I remember it was $12...
55m ounces of silver this year is impressive