Jun. 1 at 7:45 AM
$GSVRF AI says the average price of silver in Q1 was
$98.66. most miners, sold silver with average of
$85. this incomplete quarter shows
$76.5 average. so if we go by previous quarter and expect about 15% lower price, we should expect guanajuato to sell at
$65. we know the bolanitos production was not fully projected in Q1 but in Q2 it will. so say they will do 400k ounces of silver, that should bring in 26M instead of 28M from Q1. i think the same will go for gold(higher production but lower price). so in the end, we should see very similar numbers to Q1, so no dip. which is a good news.