- Silver miners enjoyed a solid-but-not-great third quarter. While prevailing silver prices remained high, mining costs soared on lower ore grades and inflationary pressures.
- That pinched earnings, although they were still good compared to recent years beyond this past one. Profits have a lot of potential to surge as silver powers higher with gold.
- Most of the traditional larger silver stocks have already transitioned into primary gold ones. While the economics of gold mining are superior, yellowing silver stocks are much-less-responsive to silver prices.
For further details see:
Silver Miners' Q3'21 Fundamentals