Sep 19, 2020 Guest(s): Darren Blasutti CEO, Americas Silver Corp.
The rapid rise of gold and silver prices have caused valuations from miners as well as their exploration budgets to expand, but the industry is yet to see its full potential as the lockdowns have prevented silver companies from generating free cash flow the way they should be, said Darren Blasutti, CEO of Americas Gold and Silver.
"From an industry perspective, we've seen market caps double and triple, especially for the explorers and the developers on more of the bottom end that aren't producers yet. We've certainly seen their valuations come up," Blasutti told Kitco News. "A lot of silver companies are obviously in Mexico and Peru where even more than the U.S., COVID has wreaked a lot of havoc on operations."