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Santacruz Silver Mining Ltd. (SCZ $2.52)
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Americas Gold and Silver Corporation (USA $4.41)
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Vizsla Silver Corp. (VZLA $5.58)
Q: Hello. Can you give me the run down on these three? Percentage silver production and location of major assets? What are the earnings and production forecasts?
Which, if any, would you buy, in what order and for what reasons? Look forward to your thoughts and opinions. Thank you.
Which, if any, would you buy, in what order and for what reasons? Look forward to your thoughts and opinions. Thank you.
5i Research Answer:
USA; 80% silver and 4 million ounces are expected next year, with EPS at $0.09
SCZ; Santacruz Silver Mining currently produces about 40% of its total output as pure silver, with the remainder as base metal by-products (primarily zinc and lead). For 2026, their production forecast anticipates a return to a run rate of approximately 6 to 7 million ounces of silver, assuming operational improvements and mine expansions remain on schedule. EPS 2026E $0.26
VZLA is not yet in production, but for 2027 it is expected close to 90% will be silver. 2026E EPS is -$0.06.
We would buy in the order listed above. We prefer current production over future production, and USA is more levered to silver.