1/23/2024 0 Comments Electrum price![]() "Once silver stabilizes and gold is going up as some monetary metals, silver then starts to follow gold and then it gets octane and it surpasses gold," he said. Not only does he see silver prices pushing back to its record highs above $50 an ounce, but Kaplan said that there is no reason why the metal can’t get to $100 an ounce, especially as gold prices continue to rally. "I always say that silver is gold on steroids and I'm wildly bullish on gold," he said. Looking at silver prices he remains bullish on the precious metal. "When you have a great project time is always on your side and we have a great project," he said. Kaplan said that his long term plan is to take the Sunshine Mine public however, he added that he is not in any hurry. I have no doubt that this mine will produce silver again." "We think we have just scratched the surface. "When we acquired it out of bankruptcy over a decade ago, the general zeitgeists was that it was burnt out," he said. Since buying it in bankruptcy a decade ago, the Electrum Group has managed to increase the mines resource from around 30 million to about 200 million inferred resources, Kaplan said. Kaplan has a second venture, a company that is developing the historic Sunshine Mine in Idaho, which produced in 100 years more than 360 million ounces of silver. Kaplan said that Gatos Silver raised $170 million in its IPO and was one of the first precious metals companies to be listed directly on the New York Stock Exchange. Coming back to silver just essentially means that we are, as it were, coming forward with assets that we have been nurturing for years," he said. Last month Kaplan’s commodity investment fund went public with Gatos Silver (NYSE: GATO, TSX: GATO) with its producing Cerro Los Gatos Mine in Northern Mexico. In an exclusive interview with Kitco News, the CEO of The Electrum Group says that he is now back in silver after going public with a new silver mine in Mexico. (Kitco News) - More than 20 years ago famed investor Thomas Kaplan made his first fortune in silver, buying options and turning that investment into one of the biggest zinc-silver mines in the world. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |