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Americas Gold and Silver Corporation (USA $5.88)
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Silvercorp Metals Inc. (SVM $9.40)
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Lundin Gold Inc. (LUG $108.48)
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G Mining Ventures Corp. (GMIN $28.58)
Q: Good morning, your comments please on the latest quarter from USA Silver. Do you recommend or do you have another preference in this space.
Thanks
Rob
Thanks
Rob
5i Research Answer:
USA reported a net loss of $15.7M for the quarter, and its revenues of $30.6M missed estimates of $33.2M. Silver production was up 98% year-over-year and consolidated sales were up 37% against same quarter in the prior year. Its increased production was driven by improved operations at Galena and a transition to higher-grade ore at Cosala. This was a decent quarter, and the stock is moving OK post-results. We also like SVM in the silver producing space, and for a broader focus on gold mining, we like GMIN and LUG.