• Why I'm Hoarding Cash & Buying Back Shares

  • Feb 28 2025
  • Length: 16 mins
  • Podcast

Why I'm Hoarding Cash & Buying Back Shares

  • Summary

  • How will First Majestic Silver's acquisition of Gatos Silver impact the silver market? Kitco’s Senior Mining Editor and Anchor Paul Harris interviews Keith Neumeyer, President and CEO of First Majestic Silver, at the 2025 BMO Global Metals, Mining & Critical Minerals Conference. Neumeyer discusses First Majestic Silver's recent acquisition of Gatos Silver and its impact on their production, increasing it to approximately 32 million silver equivalent ounces per year. He also addresses the dynamics of the silver sector, including supply and demand, and expresses his belief in triple-digit silver prices in the future. Neumeyer shares insights on the company's performance, capital allocation strategy, and goals for the next five years, aiming to reach 50 million ounces of production.

    Key points:
    - Acquisition of Gatos Silver
    - Increased silver equivalent production to 32 million ounces
    - Views on silver market dynamics and potential price increases
    - Share buyback program and capital allocation strategy
    - Goal to become a 50 million-ounce producer

    Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.

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