$XAG
đš So with Silver at $108 per oz, what does that mean for silver mining stocks? đ€
They are likely selling mined silver at $108 per oz this week. Cost of mining is $20 per oz. Taxes are likely 1/3 of gross profit âĄïž
$108 - $20 = $88.
Net free cash flow is about $60 per oz for most miners. They are each different đ€
1 year ago, when silver was at $30 per oz and their costs were $20 per oz, they might have had about $5 to $7 per oz in free cash flow âĄïž
The numbers on earning for these companies will be crazy high. And the longer prices stay at these levels, the more cash rolls in. Debt gets retired. Dividends increase. Share buybacks âĄïž
So the best are going to be those that are already producing and profitable, plus they can grow their production đ€
đž Warning đž I do not provide financial advice đThe intent of this content is for you to be aware of market conditions before starting to invest đThank you for reading đ
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