Demand for silver continues to increase, both for investment and industrial purposes.
According to Reuters,
"Global demand for silver rose by 18% last year to a record high of 1.24 billion ounces, creating a huge supply deficit, the Silver Institute said on Wednesday, predicting more shortages in the years to come."
Read more here:
https://www.reuters.com/markets/commodities/record-demand-pushes-silver-into-new-era-deficits-silver-institute-says-2023-04-19/
Silver Institute article on supply and demand: https://www.silverinstitute.org/silver-market-may-face-economic-headwinds-2023/
Mexico is the world's largest silver producer. Recently we travelled to Mexico to meet with Mr. Alex Langer, the President of Sierra Madre Gold and Silver Ltd. (SM: TSXV), our client and sponsor. He and the company's staff took us on a tour of their newly acquired La Guitarra silver mine to discuss their plans for the project, which was last in production in the summer of 2018.
We hope you enjoy our exclusive video!
Timestamps
00:00 - Intro
00:18 - Mexico's Rich History of Silver Mining
00:39 - Silver Supply Deficit Forecast in 2023
01:25 - Introducing Sierra Madre Gold and Silver
02:18 - Alex Langer Explains Why He Likes Mexico and Highlights the Mining District
02:56 - The Aquisition and History of the La Guitarra Mine
04:40 - Estimated Timeline to Production and Mine Plan at La Guitarra
05:37 - Why did First Majestic Take Mine Offline?
06:27 - How Much Silver was First Majestic Producing Annually at La Guitarra?
06:48 - What are the Exploration Plans for La Guitarra?
07:45 - Capability and Value of the Current On-Site Processing Facility
08:18 - Roughly How Much Capital is Required to Restart Production?
09:22 - What Potential Milestones Should Investors Focus on Moving Forward?
10:17 - Sitting Down with Gregory Liller
11:52 - History and Fate When it Comes to La Guitarra
12:34 - Conclusion
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Conduct your own thorough and independent due diligence to properly understand the risks associated with investing in a speculative company of this nature. A good place to start your due diligence is reviewing Sierra Madre Gold and Silver's Sedar filings at www.sedar.com. Please also read carefully the 'Disclosure, Compensation, Risks Involved and Forward-Looking Statements' section at the end of this video.
Pinnacle Digest, including its video commentators and contributors, are not a registered broker-dealer, investment advisors or financial advisors. Before investing in any securities, consult your financial advisor and a registered broker-dealer. All information provided in Pinnacle Digest’s videos is for informational purposes only, and is not intended for trading purposes or financial, investment, tax, legal, accounting or other advice.
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This video may not be reproduced or otherwise used, in whole or in part.
For more information on Sierra Madre and to subscribe to the Company's news releases, visit its website: https://sierramadregoldandsilver.com/
View important details regarding our disclosure for Sierra Madre Gold and Silver Ltd. by visiting this URL: https://www.pinnacledigest.com/disclosure-compensation/
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