SILVER MINES ORD
Sun Silver’s fast-tracked IPO and ASX listing highlights booming sector interest
After smashing the record for the fastest initial public offering (IPO) raising on the Automic investor portal, Sun Silver (ASX: SS1) is set to list with a significant bank balance and a high-quality silver project at a time when interest in the precious metal is flying. Sun Silver is scheduled to make its ASX debut […]
Silver faces ‘unprecedented’ shortages as demand outpaces supply
Of the commodities, silver comes in second (after oil) for the number of uses, according to the Toronto-based Sprott Asset Management. It is the most reflective of all metals, it is a great conductor of heat and electricity, it resists corrosion and oxidation, and it has micro-bacterial and anti-microbial qualities. And, of course, it can […]
Receivers take over Sukin brand owner BWX, Silver Mines’ Bowden project gets greenlight and Rio Tinto backs Energy Resources’ raising
Receivers were called-in for beleaguered BWX (ASX: BWX) after it announced appointed FTI Consulting as voluntary administrators on Monday. The voluntary administration was expected to help restructure BWX and give it the best chance of future profitability after a tumultuous 2022 that drove net profit after tax down more than 1,767% to a $100.8 million […]
Silver set to shine next year, says Citi
Silver’s 25% fall since March to around US$19 an ounce has rattled confidence in the poor man’s gold, but a series of signals point to a bounce next year with Citi, a leading investment bank, pencilling in a possibly return to US$25/oz. That price forecast is the peak in the bank’s probability-based assessment of silver, […]
