Silver's Time to Shine Again & Why it's Sustainable

Company Interviews

Interview with Michael Konnert, President & CEO of Vizsla Silver Corp., and Dan Dickson, CEO of Endeavour Silver Corp.

Recording date: 22nd May 2024

*Silver: A Shining Investment Opportunity*

Silver has long been valued as a precious metal, but its growing industrial applications make it an increasingly compelling investment. With silver prices on the rise, driven by strong demand from East Asian countries and the rapid expansion of the solar energy sector, now may be an opportune time for investors to gain exposure to this versatile metal.

Mexico has emerged as a global silver mining hotspot, accounting for nearly a quarter of world production. The country's rich mineral endowment, mature mining industry, and competitive operating costs make it an attractive jurisdiction for silver miners. Despite some perceived geopolitical risks, mining executives remain bullish on Mexico's potential under its new government.
Two silver-focused mining companies that stand out are Vizsla Silver (NYSE:VZLA) and Endeavour Silver (NYSE:EXK). Both are well-positioned to capitalize on rising silver prices through their robust Mexican project portfolios.

Vizsla Silver is developing the Panuco silver-gold project in Sinaloa, where it has consolidated a historic mining district for the first time. An aggressive 400,000-meter drill program has delineated a high-grade resource of over 200 million silver-equivalent ounces, with substantial exploration upside remaining across the district. With a preliminary economic assessment expected in the third quarter of 2023, Panuco has the potential to rapidly become a major low-cost silver mine.

Endeavour Silver is an established mid-tier producer with two underground silver-gold mines in Mexico. The company is nearing completion of its largest and lowest-cost mine yet, Terronera, which is expected to double production to 15 million silver-equivalent ounces per year while halving unit costs. Beyond Terronera, Endeavour has a robust project pipeline to potentially become a senior silver producer this decade.

The investment case for Vizsla Silver and Endeavour Silver is strengthened by the structural supply deficit emerging in the silver market. With demand outpacing supply for three years running and limited new mines in development globally, silver inventories are dwindling rapidly. This could provide a further tailwind for silver prices and mining equities in the medium to long term.

While investing in mining stocks carries inherent risks, both Vizsla Silver and Endeavour Silver have experienced management teams, strong financial positions, and significant asset value to underpin their growth prospects. For investors seeking leveraged exposure to the silver market, these two stocks merit consideration.

Investors can easily buy shares of Vizsla Silver and Endeavour Silver on the New York Stock Exchange under the ticker symbols VZLA and EXK, respectively. As with any equity investment, however, it is important to conduct thorough due diligence and consider an individual's risk tolerance and portfolio allocation before investing.

In conclusion, silver's unique dual role as a monetary and industrial metal make it a compelling investment opportunity for the years ahead. With strong demand fundamentals, constrained supply, and attractive mining jurisdictions like Mexico, silver appears well-positioned to outperform. Against this backdrop, silver-focused mining companies like Vizsla Silver and Endeavour Silver offer investors a pathway to participate in the potential upside while diversifying their portfolios with exposure to a key "green" metal of the future.

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Learn more: https://cruxinvestor.com/companies/vizsla-silver

https://cruxinvestor.com/companies/endeavour-silver

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