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Silver is up – Pan American Silver corporation PAAS
Silver is slightly up which is interesting from a mining perspective.
I’ll analyse Pan American silver to continue with our sector analysis.
The article ends with a comparative table of the miners analysed up till now.
Last month I discussed how silver looks like an interesting risk reward hedge to whatever might happen in the future, from loose monetary policy to even increased industrial demand. I have discussed some silver miners that also represent interesting investing opportunities so today I’ll first give a short update on silver and continue with my discussion on a few silver miners.
Silver is up a bit
In the last month silver prices increased from $16 to the current $17 which might not seem much but it is for silver miners as every dollar increase in prices is pure pre-tax profit for them.
Silver is up on higher inflation expectation, more geopolitical turmoil but we must keep in mind that silver prices are volatile and one never knows where those will go in the short term. Let’s continue to look at silver miners to see if the risk reward opportunities are better than with physical silver.
Pan American Silver Corp (NASDAQ: PAAS)
What first nice about PAAS is the cash mining costs below $5 and all-in sustaining costs of $10.79 that should allow for significant cash flows and profits. There is also a 0.8% dividend yield which is not bad for a hedge.