- Silver miners reported a decent first quarter. While their silver-and-gold production fell, that mostly resulted from COVID-19-Omicron disruptions to operations. Plenty of miners expect to see improving outputs later this year.
- More ounces to bear the big fixed costs of mining ought to lower unit costs, boosting profitability. But raging price inflation could dampen the positive effects of that.
- While the silver miners’ fundamentals are solid, traders have avoided their underperforming stocks. That won’t change until gold sentiment improves enough to fuel herd bullishness.
For further details see:
Silver Miners' Q1 2022 Fundamentals