In this conversation Glenn tells Steve why he believes the current pause in silver and gold is temporary, why he sees the Middle East and oil trade as the main force holding precious metals back right now, and why he thinks that flips the moment this macro overhang eases. Glenn explains why today’s silver price is already far above what the company originally planned around, why the recent volatility did not change the build thesis at El Tigre, and why he still sees meaningful upside on the other side of this current market distraction. Reuters has reported that silver recently traded around the mid-$70s while the longer-term outlook stayed supported by supply deficits and tight above-ground inventories.

Also discussed is the El Tigre build timeline, why the company expects first doré in December 2027, how the January 2027 construction milestone fits into that path, and why management took the $60 million bought deal when silver hit euphoric levels around $120. Beyond the open pit heap leach story, Glenn walks through the underground economics, the case for moving that study toward PFS, and why the next leg of drilling to the north could become the third punch in the story. 

Courtesy of Silver Tiger Metals via The Deep Dive