Hello everyone,
great to have your company on Kalkine TV. I'm Rose and you’re watching Buzzing Trends.
Today we will be looking at Three ASX silver stocks that investors can keep on their watchlist.
Spot silver prices have surpassed the US$23 mark, witnessing over 4% growth on the month. The upbeat
movement comes despite the rise in US bond yields. The 10-year US Treasury yield recently edged up
1.96% while yield on the 30-year Treasury bond also jumped nearly 4 basis points to 2.256%.
Usually, increase in bond yield is inversely proportional to silver prices as the opportunity
cost for holding non-yielding precious metals increases. Silver has a range of applications
and is used in making coins, jewellery, medical appliances, and electronics. Moreover,
the precious metal has been in the spotlight given it is a key component for producing solar
photovoltaic cells, driving the developments in renewable energy production. With this backdrop,
let us discuss three ASX-listed companies that are engaged in silver exploration and production.
First up. South32 owns Australia-based Cannington mine, which has grown to become one of the world’s
largest and lowest-cost silver producers. Silver is a critical component in renewable energy.
Notably, Cannington boasts of a surface processing facility and an underground hard rock mine. The
company also has a facility for concentrate handling and ship loading at the Townsville
Port and a road-to-rail transfer facility. Silver, lead, and zinc are extracted from
the ore to produce high-grade, marketable lead and zinc concentrates that have a high silver
content. South32 has also revised the Cannington mine production guidance for financial year 22,
expected to be higher by 5% with the operation on-track to transition to 100% truck haulage
in the quarter ending 30 June 2022. South32 shares are trading at AU$4.37 per share.
Next. Equus Mining is a gold and silver producing company focused on Cerro Bayo,
a historical high-grade gold-silver producing mining district in southern Chile. In December
last year, the Company wholly acquired the Cerro Bayo Project from Mandalay Resources, including
the ownership of the mine, infrastructure, operational processing infrastructure and
295 square-kilometre mining claim package. Equus Mining recently confirmed Inferred
Mineral Resource estimate of 302,000 ounces gold equivalent at 2.5 per tonne gold equivalent at the
Taitao Deposit within the Cerro Bayo District. The Company is currently focussed on advancing
brownfield and greenfields exploration drilling programs on high-priority targets near the Cerro
Bayo processing plant. Equus Mining shares are currently trading at AU$0.175 per share.
Lastly. Azure Minerals holds significant project portfolio in Australia and Mexico, with the
Company’s Mexican projects providing exposure to silver. Azure has discovered and defined two
epithermal silver and gold deposits at the Alacrán Project. It hosts resources of 32 million ounces
silver and 150,000 ounces gold. Azure Minerals’ other projects include the Oposura Project, the
Promontorio Project and the San Agustin project, all of which have given successful results.
The Company has kicked-off a strategic review of its 100%-owned Mexican precious metals and base
metals projects, including the Oposura zinc-lead-silver project and the Alacrán
silver-gold-copper project. Azure Minerals shares are currently trading at AU$0.415 per share.
Well, that’s all for now. We will be back soon with our Buzzing Trends show to share
the latest market insights with you. Till then, Stay tuned with Kalkine TV for more stock,
business and economy related hot trends.