John Rubino's Substack

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John Rubino's Substack
Mining Is Hard: Another Reason to Own the Royalty/Streamers

Mining Is Hard: Another Reason to Own the Royalty/Streamers

Two high-quality silver miners run into trouble, streamers unaffected

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John Rubino
Aug 03, 2023
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John Rubino's Substack
John Rubino's Substack
Mining Is Hard: Another Reason to Own the Royalty/Streamers
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Recently, a couple of highly-regarded silver miners ran into trouble:

First Majestic Silver (AG), which specializes in buying and upgrading existing mines, admitted that its Jerritt Canyon mine in Nevada (the source of 21% of its revenues, acquired in 2021), wasn’t working out and would be temporarily closed while management tried to make it profitable.

…

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