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Lon Shaver joins Craig Hemke for Sprott Money to discuss silver price trends, gold price, mining supply, silver miners, costs and precious metals demand.
The precious metals market has entered a period of consolidation after extraordinary gains, but Silvercorp Metals President Lon Shaver believes the underlying silver outlook remains constructive. Speaking with Sprott Money host Craig Hemke in August 2026, Shaver discussed silver prices, constrained mine supply, production economics and Silvercorp’s expansion plans across China, Ecuador and Kyrgyzstan. Despite silver retreating from earlier highs, Shaver emphasized the importance of perspective. “If a year ago we had talked about having silver at this level and not for five minutes, but on a longer-term basis, we would have been very enthusiastic and we would have been very happy about it.” Rather than interpreting the pullback as evidence that the precious metals cycle has ended, Shaver sees silver’s ability to maintain historically elevated prices during the traditionally softer summer period as a positive signal, particularly for profitable primary silver producers.
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Silver Prices Remain Historically Strong
Silver experienced exceptional gains before entering a sideways trading period in 2026. Hemke noted that previous surges toward roughly $50 per ounce—in 1979 and again in 2011—were followed by rapid declines. This time, silver has remained above those historical peaks even after speculative enthusiasm cooled. Shaver argued that temporary highs can be driven by speculative capital entering and leaving the market, while the longer-term price level provides a better indication of underlying strength. Gold has displayed similar resilience, with profit-taking at historically high prices being absorbed by buyers seeking continued precious metals exposure. “People are looking at it and saying, well, we're down from the highs earlier this year. Well, those highs could be short term driven by speculative dollars coming in and then they come out because there's another game to be played.” For Silvercorp, sustained silver prices at these levels have provided favorable economics rather than creating concern over a normal market consolidation.
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Industrial Silver Demand Supports the Long-Term Outlook
One of the strongest fundamental arguments for silver remains industrial demand. Shaver highlighted solar manufacturing, electric vehicles, data centers, circuitry and electronics as important sources of silver consumption. Much of this silver is incorporated into products and infrastructure rather than readily returning to the market, potentially tightening available supply over time. Investor demand adds another layer to the equation. Meanwhile, bringing significant new silver, copper or other metal production online remains difficult because the mining industry has endured years of limited spending, permitting obstacles and resistance to mine development. “Show me a lot of mines that are getting the permits and are spending the billions of dollars to build the mines, to come into production and to change that supply demand picture.” Although attitudes toward mining may be changing in some jurisdictions, Shaver cautioned that this does not mean a large pipeline of major projects is suddenly ready to satisfy growing metals demand.
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Why New Mines Can Take Decades to Develop
Mining supply cannot quickly respond when metal demand increases. Depending on the commodity, jurisdiction, geography, infrastructure requirements, permitting process and complexity of the operation, Shaver said developing a mine can take as long as 20 years. Even projects that appear to move quickly after receiving permits may have required many years of drilling, engineering and community consultation beforehand. He cited a Silvercorp project in Ecuador that received its permit in 2024 and was under construction with production targeted for the following summer. While that represents a relatively fast construction timeline after permitting, it excludes approximately seven or eight years of drilling, permitting work and community discussions preceding approval. The lengthy mine-development cycle strengthens the argument that supply shortages cannot simply be solved by higher commodity prices. Even when economic incentives improve dramatically, geological discovery must still be followed by resource definition, permitting, financing, construction and ultimately production.
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Mining Stocks Take a Breather After a Major Rally
Mining equities weakened after their earlier gains, but Shaver did not attribute the correction primarily to collapsing profit margins. Instead, he characterized it as a sector-wide pause after investors accumulated substantial profits in mining stocks that had previously spent years underperforming. Capital also shifted toward other speculative opportunities, including oil. While fuel prices can directly affect mining operations, Shaver said widespread inflation had not yet appeared across every major mining input. “I think it's just been more a bit of a sectoral take-a-breather, because we had a big run here and there's a lot of profits that people have realized on stocks that were dead money and dogs for many years.” With the fundamental supply-demand picture still appearing supportive and mining equities showing what he described as “green shoots” during the summer, Shaver argued that there were few reasons to become fundamentally negative on metals solely because mining shares had corrected.
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Silvercorp’s Low-Cost Silver Production Creates Strong Margins
Silvercorp’s production economics were a central part of the discussion. Shaver said the company produced silver at an all-in sustaining cost of approximately $18 per ounce in its latest quarter, net of by-product credits, while the previous full-year figure was slightly above $14 per ounce. That low-cost structure provides substantial operating flexibility when silver trades at elevated prices. “We're in a position here where we're making money and we're not worried about that cost structure.” Shaver suggested that commodity inflation becomes particularly important when evaluating acquisitions and growth projects. A project purchased using assumptions based on extremely high gold or silver prices can quickly become unattractive if metal prices retreat. Consequently, mining companies need to remain disciplined rather than assuming today's commodity prices will persist indefinitely. High-cost marginal producers face substantially greater downside risk because even relatively modest price declines can compress or eliminate their operating margins.
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Silvercorp Extends Mine Life Through Aggressive Exploration
Exploration is essential for mining companies because every ounce produced reduces the remaining resource unless additional mineralization is discovered and converted into reserves. Silvercorp has pursued extensive drilling at its Ying Mining District in China, which has already operated for roughly 20 years. Shaver said the company has operated as many as 80 drilling rigs across seven mines in the district. Despite two decades of production and an increased production rate, a recently completed technical report indicated approximately 17 years of remaining mine life based on reserves alone, with additional resources beyond those reserves. This demonstrates how sustained exploration can extend the productive life of established mining districts. Rather than relying exclusively on acquisitions to replace depleted ounces, successful drilling around existing infrastructure can potentially provide a capital-efficient path toward maintaining or expanding production.
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Kyrgyzstan Becomes a Major Silvercorp Growth Opportunity
Silvercorp is also pursuing substantial growth in Kyrgyzstan after entering a project containing more than six million ounces of gold in January. According to Shaver, site access began around mid-May and the development strategy has two components. The first is an earlier-stage open-pit, heap-leach gold project already moving into construction. The second is a substantially larger project with the potential for an approximately 18-year operating life and a greater production profile. Silvercorp launched an initial 50,000-meter drilling campaign, with another 60,000 meters planned afterward, and had 16 rigs operating on the project at the time of the interview. Early drilling identified long mineralized intercepts and new structures, creating expectations for potential increases in resources and reserves. Silvercorp targets a preliminary economic assessment in 2027 followed by a feasibility study in 2028, with cash flow from the starter operation potentially helping finance development of the larger mine.
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Mining Jurisdiction Risk Requires More Than Country Rankings
Operating internationally requires evaluating risk at several levels rather than simply categorizing entire countries as safe or dangerous. Shaver explained that Silvercorp examines central governments, provincial or regional authorities and local communities before committing capital. Even a project located in a jurisdiction regarded as politically safe may have limited value if local governments or communities will never allow it to be constructed. Conversely, an overlooked jurisdiction can offer attractive opportunities when governments and communities support responsible mine development. “You could overpay for a great looking project on paper in a safe jurisdiction. But like what's the price for that if you never get to build it?” Silvercorp’s approach is therefore to assess each opportunity according to its specific political, social, economic and development characteristics while attempting to avoid dangerous jurisdictions and identify overlooked assets capable of creating shareholder value.
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Silver Accounted for 77% of Quarterly Revenue
Silvercorp remains highly exposed to silver prices. Shaver said revenue increased approximately 70% in the latest reported quarter and silver represented 77% of company revenue, making Silvercorp particularly relevant to investors seeking exposure to the silver mining sector. The quarter also included a temporary mine shutdown associated with operational improvements, but Shaver expected the company to move through those disruptions and return to full production. He described the core business as an existing profitable operation with expansion opportunities and a 17-year reserve life. Importantly, Silvercorp’s strategy is not focused solely on maintaining existing production. Construction and development programs in China, Ecuador and Kyrgyzstan are intended to transform the business into a larger and more geographically diversified mining company. “That's what we've said we wanted to do and I think we're on the right track to doing that.”
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High-Grade Concentrate Strengthens Silvercorp’s Realized Silver Price
Silvercorp’s product quality also contributes to its economics. Shaver said the company realized approximately $69 per ounce of silver during the quarter ending in June, net of smelter charges. Silvercorp sells concentrates to smelters, which subsequently refine them into finished metals, meaning treatment costs and other deductions are incorporated before calculating the realized figure. Shaver attributed the strong realization partly to the quality of the company’s high-grade lead concentrate and its substantial silver content, which makes the material attractive as smelter feed. “That's a function of having a good product, which is a very high grade lead concentrate with a high content quantity of silver going to smelters.” Combined with relatively low all-in sustaining costs, strong realized silver pricing can produce substantial operating margins, while additional increases in silver prices could potentially widen those margins further if costs remain controlled.
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Silvercorp Metals’ 2026 Outlook Centers on Profitable Growth
The broader message from Shaver’s discussion is that short-term volatility has not eliminated the structural case for precious metals or profitable mining companies. Industrial silver demand remains substantial, major mines take years or even decades to develop, and limited new supply can make it difficult for production to respond rapidly to rising demand. For Silvercorp, low production costs, a long reserve life at its established Chinese operations and new development programs in Ecuador and Kyrgyzstan provide multiple avenues for future growth. The company’s challenge is increasingly about executing construction and expansion projects rather than simply controlling existing operating costs. If Silvercorp successfully delivers those programs while maintaining disciplined capital allocation and low-cost production, it aims to evolve into a larger, diversified producer positioned to benefit from continued strength in silver and precious metals markets.
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Craig Hemke (00:20.057)
Hello again from Sprott Money, SprottMoney.com. We've reached about the midpoint of August 2026, getting late in the summer, almost time for fall. But as the month continues, it's that point where we bring up your Ask the Expert segment. I'm your host, Craig Hemke, and joining us this month, as said expert, is Lon Shaver, president of Silver Court Medals. If you find a pick his brain a little bit about the metals, the mining industry, and find a little more about Silver Corbon. Thank you so much for spending a few minutes with
Lon Shaver (00:52.034)
Thanks, Craig. I'm looking forward to to our chat.
Craig Hemke (00:55.287)
It's gonna be fun to to visit with you, that's for sure. And it's also always fun to be stacking some metals. So I did that there. Law and that's like a segue. It's anyway. Sprott Money, SprottMoney.com where you need to go. If you are stacking metals, why not buy the dip while we're still dipped? Go to Sprott Money, like I said, SprottMoney.com or call them up at 888-861-0775. Always great deals.
On physical precious metal, they'll store it for you as well, safely and securely. You always got to have that in mind too when you start owning gold and silver. So again, Sprott Money is your the people that pay for this. So you want to thank them by keeping them in mind whenever you're in the market. Lon, I would be remiss if we don't start with kind of the big picture here for the precious metals. Let's talk about the metals first and we'll get into the mining sector. boy, we had a couple of great years.
silver in particular was up a hundred twenty percent or whatever it was last year. in hindsight now as we're into August, the fact that the price is going sideways after a couple of great years shouldn't be, I guess, that surprising. how do you see it? Your primary business being silver and and some base metal production.
Lon Shaver (02:11.008)
Well, I I mean I think about it, the the silver prices we're seeing now, if a year ago we had talked about having silver at this level and not for five minutes, but you know, what's been a longer term basis, you know, we would have been very enthusiastic and we would have been very happy about it. And so I think you know, it's it's just a matter of of perspective. You know, people are looking at it and saying, well, we're down from the highs earlier this year. Well though those highs could be
short term driven by, you know, speculative dollars coming in and then they come out because there's another game to be played. But, you know, in what is typically a softer season, the summer, and as you pointed out, to see silver hanging in in these ranges is I'd say very positive and it's obviously been very positive for us as a silver producer.
Craig Hemke (03:02.671)
I think you make a great point. you know, we get lost in that sometimes because everyone remembers how crazy it was for a couple weeks in January. but even back I mean, we ended December at seventy dollars or seventy-five dollars or something like that. And to still be here, everything that's happened for crying out loud over the last eight months, to still be here north of sixty. In fact, you think the other times lawn, silver's gone to forty-eight or fifty dollars.
Lon Shaver (03:09.347)
Yeah.
Craig Hemke (03:29.141)
in nineteen seventy nine and again in two thousand eleven, it just immediately went straight back down and I mean you gotta figure that's important that we're still hanging above fifty.
Lon Shaver (03:37.004)
Yeah. Yeah. And I think I think, you know, we we can talk about silver in that way. You can talk about gold in the same in the same perspective. You know, there are some people who might be taking some some profits at what have been, you know, these historical highs for gold, but it hasn't retraced because there are other, you know, buyers and there's other reasons for why people want to retain that exposure. And in gold, for example. And the same thing on the the silver side.
You know, the industrial uses for silver remain strong. There'll be, you know, ebbs and flows and changes between, you know, s whether it's solar panel manufacturing versus EVs or data centers and just the amount of circuitry and electronics we're putting into something that's pulling, you know, silver off the market that that we're not going to see readily and easily coming back. and then that that spectral that investor demand in in silver you know keeps coming back and
you know, whether it be w silver or copper or any of the other metals, you know, show me a lot of mines that are getting the permits and are spending the billions of dollars, you know, to build the mines, to come into production and to change that supply demand picture. You know, we've gone through so many years of of drought in terms of industry spending and so much society resistance and government resistance towards mining. we're we're seeing some
Craig Hemke (04:49.732)
Yeah.
Lon Shaver (05:02.112)
some of the tone changed, but it doesn't mean that the runway is open and we're ready to go and there's, you know, all these mega projects ready to be built to to satisfy that that demand for the milk.
Craig Hemke (05:14.405)
Yeah I and I've you know, I've seen some of that recently on X and other places on the internet, you know, of the the amount of new production coming online is maybe the lowest ever for both gold and silver. And and it's not like you can just go dirt dill dig a hole in the ground and start pulling it out in over the course of six months if you need it as well. What I mean, what have you found? I mean, historically, the amount of time it takes for from like saying, Well, this is a pretty cool place, we should go out there and stake this and
And go from there to actually get into production.
Lon Shaver (05:46.764)
I mean I think depending on the commodity, the the location and the l the location can have sort of society type issues or it can be access and geography. the the range you know can be as high as twenty years, right, to get a
Lon Shaver (06:05.574)
It's complexity of the operation and the amount of capital that it takes to to put into it. so yeah, it is it is is rare to see to see what I would call the the quick turnaround situations. You know, we've got we've got one that got its permit in Ecuador in 2024. And you know, we're in the midst of building it right now with the target of bringing it on stream.
next summer and I would say that's pretty quick. But but that's from the permit. So that's ignoring that's ignoring, you know, the the seven or eight years of drilling and permitting and community discussions that led up to that that permit in twenty twenty four.
Craig Hemke (06:39.109)
Three years.
From the permit, yeah.
Craig Hemke (06:54.026)
Well, and you so you make a great point. I mean, we're certainly in a in a situation whether it's industrial demand for silver and and base metals or central bank demand for gold, demand would seem to be outstripping supply. as kind of a fundamental case for the precious metals. Lon, I a as a someone who runs a mining company, what have you taken out of the last six months or so since the war began? I mean, your stock
It's maybe down 25, 20, 25% from its highs in February. it seems as if the investment world has lumped all the mining shares together and just said, well, your profit margins are going to now get squeezed. And so we're just going to throw these things out the window. do you think that's a fair way to look at all mining companies? How does this and then you please transition this into how all of this has impacted your company?
Lon Shaver (07:49.42)
Yeah, I I I I don't know if it's it's necessarily tied into the profit margins. I I think people are still expecting great profit margins because we're not seeing, you know, other than the obvious, which would be in you know, hydrocarbons fuel for mining trucks, you know, we're not necessarily seeing yet.
inflation creeping into the other inputs that go into mining. I think it's just been more a bit of a sectoral take-a-breather, because we had a big run here and there's a lot of profits that people have realized on stocks that were, you know, dead money and dogs for many years. So people are grateful for the opportunity to sort of rationalize the portfolio, move around from from some and others. And I think the other thing we've experienced this year is a bit of shift of the game, which was
Okay, yeah, the mining story is good, but wait a minute, we've got a near-term big picture story as it relates to oil that we're going to move that sort of hot speculative money into. And that's both happened in the commodities and I think in the companies in those commodities. But to see where we are right now, you know, you know, as you point out, supply-demand picture still looks strong. There's not a lot of reasons.
to to be negative on the metals, I don't think. And the fact that we've skated through the summer doldrums, you know, with this other overlay related to to the Gulf, the way we have and seen some green shoots in recent weeks, other than than today, of course. the fact that we've seen some some green shoots come back into the sector, I think tells tells everybody that the story's still alive.
Craig Hemke (09:28.661)
Yeah and you know, I I I even saw royalty companies, I mean, that don't even take it out of the ground. You know, they just get thrown out as well. and I I I just think it augers it it it puts a responsibility on the investor to do their own homework, you know, and find the companies that are trying to manage the input cost. Things like do you guys at at Silver Corp, do you have a a a plan? are are you worried about
Month over month or quarter over quarter, changes to, you know, the energy prices, things like that. Do you have a plan in place to try to hedge that stuff or how do you address it?
Lon Shaver (10:00.73)
I'd say that's not really that much of an issue for us because we're I'll just say, you know, we're we're blessed with low cost operations. So so we're you know, we're producing silver at an all-in-sustaining cost, like the last quarter, which was a bit of a bumpier quarter, was like eighteen dollars, you know, all in sustaining per ounce of silver net of our byproduct credits. for the year last year, it was just a bit over $14. So, you know, we're in a position here where we're making money and we're not worried about that.
Craig Hemke (10:08.901)
Great.
Lon Shaver (10:29.902)
cost structure. I think where it gets interesting is as you look to growth and you're looking to where
new projects to the portfolio with the rally in the commodity prices and in the stock prices, that just makes buying a pr another project maybe a bit more expensive. And so you've got to be really careful that you don't go and you know buy a project that's priced well at $4,500 gold and say, great, we've got this project, it's gonna produce, it's producing positive margins at $4,500 gold and the NPV and IRR all work.
And then you know, then you get caught where gold slips a thousand dollars and now that project looks expensive at $3,500 gold, then you regret making that purchase or not waiting, or not waiting for the the the price to correct before you made that. So I think that's that's probably the bigger issue. you know, it's only the real marginal producers with high cost structures that would be looking at it and saying, okay, we've had a great performance right now.
because everyone's viewed the mining industry positive and we are making money if we're high cost producer. But then you have to be worried, well, what if the prices slip back? You know, those companies will be the first to feel the pain.
Craig Hemke (11:49.53)
Yeah. Well and again, which makes it kinda unfair that a company like yours get washed back with all the rest when your costs are so low and you do such a great job of managing that. so as the price recovers, your margins just widen out even more from there and allows you to grow the company, like you said. I I was just looking through today, Lon, as we record this on the eighteenth, there was a a great press release that came out, I guess it was this morning, about some of the extensive
drilling that you're doing at Silvercorp. And I this is a for every mining company this is important, right? Because you kind of got a depleting resource. You always gotta be kind of finding more, I either find a way to expand your current mines or just go find some more mines. and just kind of walk everybody through how this works. You know, just in in the industry in general, but for Silvercorp, the efforts you're making to expand the resources that you have to work with.
Lon Shaver (12:45.784)
Well, I I think we we've had a you know we've had a long history and we've drilled a lot of meters at our Ying Mining District in in China. And it's been in production 20 years. and we've just put in another technical report recently. And then even with a growth in the production rate, because of the drilling that we've done, and and at some points we've had up to 80 rigs across that Ying Mining District across the seven mines.
So we just put out a technical report a couple months ago, and this underground mine, you know, still has a 17-year life to it, you know, based off reserves only. And so we have resources on top of that. And so, you know, we we've we've got a a long history of that. And then the results that you're you're speaking to are from a new project, and it's it's quite surprising how you know quickly this has all happened. You know, we made an entry into a
Plus six million ounce gold project in Kyrgyzstan in January. Closed the deal, got access to the site starting in mid-May. And it's a two-phase, a two-prong approach here. There's an earlier stage project to build, and we started construction of that. It's an open-pit heap leach gold project. And then the second project, which is the bigger one that could run for 18 years and have a much bigger production profile, we've launched into
First of two drilling campaigns, and we're gonna drill 50,000 meters on this campaign and 60 on the next one. And the first results that came out today were related to drilling on that. And we think that both in terms of the the the long intercepts that we've identified and hitting new structures, there's some significant upside in the overall resource and reserve that that project can have. And so we're drilling it right now.
we've got sixteen rigs drilling on the on the on the on that project currently. We'll have more assays coming out before we move into that next phase. The target is to get a PEA published on that project in 2027 and then a feasibility study in 2028, and then use the cash flow from that first project, the starter project, to help us build this second mine in Kyrgyzstan.
Craig Hemke (15:12.119)
Lon, you you're a Canadian company. shares trade in Canada, the US, symbol S VM, silver, cork, metals. what is are there unique challenges to some of those jurisdictions that you work with? that I mean because again, you've worked there for a while, so that kind of gives you a little bit of an advantage over other companies that want to get involved there.
Lon Shaver (15:33.132)
Yeah, I mean I think I think y you know, you've got to go in eyes wide open and you've got to realize that you know, these jurisdictions you y you've gotta understand like what's the lay of the land at the high level in terms of the the the government, you know, the central government. how do things operate at the provincial level? And then when you get right down like what's going on at the community level is are they receptive you know, to having a mine built for the the
Craig Hemke (15:57.968)
Yeah.
Lon Shaver (16:02.22)
The benefits and the trade-offs that that that brings. And so I think if you know you can look at some jurisdictions and think, wow, that's a great safe jurisdiction, and then you realize, well, that state's never gonna allow a mine to be built there, or the community right there are never gonna want this to happen. You know, you could overpay for a great looking project on paper in a safe jurisdiction. But like what's the price for that if you never get to build it?
On the other hand, you might find a bargain in a place that's a little bit more risky or off the beaten path. But when you meet the people at these different levels of government, the community, and they're receptive to the idea of building that project, then maybe you've found something that can be a great generator of metals and for you know of value for your shareholders. And so so that's what we're really trying to do as a company is is go look at each situation, you know, for its own
its own characteristics and and you know hopefully make the right call that we you know duck some of the the dangerous places and and find some hidden gems in that we can you know bring to to value for our shareholders.
Craig Hemke (17:11.397)
And and again for people that are watching, again, Silvercore producing company though. and your most recent quarter, which I think if memory serves my the first quarter of your new fiscal year, on track, everything came in just about as you'd hope it would. I
Lon Shaver (17:29.452)
Yeah, it it was it was a decent quarter. we were definitely definitely helped by you know, our revenue up was 70%. and silver was just for anybody interesting, was 77% of our revenue. So for people looking for exposure to you know to silver, definitely you know, we represent that. so a lot of the performance driven off of the silver price. towards the tail end of the quarter, you know, we did announce a a temporary shutdown.
Related to some improvements that we're putting in place at the mines, but we'll skate through that through the rest of this quarter and expect to be you know back in full in full production. And you know, what we're really talking about here is is a existing profitable mine with expansion opportunities and a 17-year reserve life. so we've got lots of metal in the ground and lots of opportunity to to generate value from.
Craig Hemke (18:29.411)
I I I know when I speak with Eric, he always talks about how hard it is to find primary silver miners. you know, 'cause so many companies just you know, we got a little silver that came out of the ground with with everything else that we're doing. that's what makes it so special to get a chance to visit with you, about the company. do you as you I guess we as we wrap up and you look and you plan ahead, like you said, costs should remain relatively low where they are now.
Lon Shaver (18:58.69)
Yeah, caught's not not a factor for us. that's not really for us, it's going to be some of the construction projects to bring on and demonstrate that we're delivering on the growth programs, you know, in China, in Ecuador and now Kyrgyzstan.
Craig Hemke (19:02.746)
Perfect.
Lon Shaver (19:15.5)
showing that we can become a a bigger, more diversified company. And that's, you know, what we've said we wanted to do and I think we're on the right track to to doing that.
Craig Hemke (19:26.149)
And w what was the average silver price that you sold at in the most recently corner, you know?
Lon Shaver (19:31.742)
in the quarter end of June, this is realized, and that is net of the smelter charges because we sell concentrates. So so so we basically sell those to smelters and they have to refine them further to the finished, you know, silver led and even with all the deductions for the treatment of the concentrates, I think we realized around sixty-nine dollars an ounce in in the quarter. So so that's a function of
Craig Hemke (19:45.399)
Right.
Craig Hemke (19:54.19)
goodness gracious. Well that's not bad, Long.
Lon Shaver (19:58.594)
That that's a function of having a good product, which is a very high grade lead concentrate with a high content quantity of silver going to smelters that view it as a a real, you know, juicy input for their feed into the smelter product. So so they were very happy to to pay us you know well for that product.
Craig Hemke (20:01.081)
Yes.
Craig Hemke (20:18.775)
And I think everybody listening that is if you're like Eric looking for silver miners, 'cause that's what he taught every time I see him he's like, I just can't find enough. And I if you're out there looking for silver miners, you can do that math. You can start to think, well, okay, let's see, we get that silver price going back up into the seventies and the eighties and the months ahead. those margins widen out even more. Lon, it it's exciting. I've really it's been really fun to visit with you.
And again, that's a you've got an exciting company. And for all of us that are interested in the precious metals, it's one we need to know more about. for people who want to know more about Silvercorp, I g the I'm sure there's a home page website they can go and visit.
Lon Shaver (21:02.294)
Yeah, silvercourt metals dot com.
Craig Hemke (21:04.621)
to all one word. Awesome. Well Mulan, it has been a pleasure to visit with you. And I really appreciate you sharing your insights, not only on the metals, but just kind of get a little inside baseball stuff on what it's like running a mining company, especially one as big as yours. And so it's always an it's always great to pick your brain. I really appreciate you agreeing to visit and and spending the time to do it.
Lon Shaver (21:28.29)
Thanks, Greg. It was a pleasure chatting with you. I look forward to doing it again.
Craig Hemke (21:31.374)
I hope we can. And from all of us at Sprott Money, SprottMoney.com, thank you for watching. Please be sure to hit that like or the subscribe button on the way out because it is only the middle of August. We've got a lot more content to come. You don't want to miss any of it. And you'll, of course, be notified as soon as it gets posted. But we're making it through the summer, like Lawn said, and getting into a strong seasonal time of the year. So hopefully we've got some good times ahead, and we will have more information coming to you from Sprott Money as the month of August continues.
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About Sprott Money
Specializing in the sale of bullion, bullion storage and precious metals registered investments, there’s a reason Sprott Money is called “The Most Trusted Name in Precious Metals”.
Since 2008, our customers have trusted us to provide guidance, education, and superior customer service as we help build their holdings in precious metals—no matter the size of the portfolio. Chairman, Eric Sprott, and President, Larisa Sprott, are proud to head up one of the most well-known and reputable precious metal firms in North America. Learn more about Sprott Money.
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