Mining Industry Insights: Silver’s Underperformance and the Opportunity Ahead

Published: Wed, 10/30/24

Updated: Mon, 11/04/24

Mining Industry Insights: Silver’s Underperformance and the Opportunity Ahead + Silver Elephant

Silver prices are rising, and experienced investors know that silver mining companies with growing production and a large silver resource reward investors the most.

Not only is Silver Elephant's Pulacayo-Paca project have both, it is located in the heart of Bolivia's Potosi region, home to the 6th largest silver district in the world based on current production.
Major mining producers surround Silver Elephant's Pulacayo-Paca project.

In September 2024, the Company mined and shipped 205,682 tonnes of silver-bearing oxide materials grading 181 g/t silver, which is 1,105,401 oz of silver based on reported government tax records, since Paca's operation began in October 2023. The operation has seen remarkable grade consistency and experienced no lost time incidents or interruptions.
Silver Elephant's Paca project hosts a high-grade silver resource according to a technical report by Mercator Geological Services, dated effective October 13, 2020, titled "Mineral Resource Estimate Technical Report for the Pulacayo Project, Potosi Department Antonnio Quijarro Province Bolivia" (the "Technical Report"). The mineral resource estimate from the Technical Report is as follows:
The Paca project is part of the Company's Pulacayo Project, with a total indicated resource of 106.7 million oz silver, 1.4 billion pounds of zinc, and 690 million pounds of lead published in the Technical Report and tabulated below. Silver Elephant and its subsidiaries have spent over $35 million on Pulacayo and Paca, which is considered an advanced project with over 96,000 meters of drilling and a historical feasibility study.

Watch Silver Elephant's Paca Project In Action
https://youtu.be/TARPmWnm1_U


Silver Elephant Mining Corp (TSX: ELEF; OTCQB: SILEF) stock is up 91% in 2024 but still has lots of upside with only $30 million market capitalization and no debt.

Here is my latest interview with John Lee, CEO of Silver Elephant. We talked about the silver market and where Silver Elephant is headed in 2025.

Watch the interview here...
https://www.themorganreport.com/blog/mining-industry-insights-silvers-underperformance-and-the-opportunity-ahead/
Watch The Interview
Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.

The Morgan Report is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The Morgan Report and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Morgan Report will not be held liable or responsible for any decisions you make regarding any information discussed herein.
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