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Wealthion’s Best Of 2025: Silver’s Early Innings - Silver Mining CEOs on Supply Deficits & Cash Flow

Dec 26, 2025
Join Paul Huet, CEO of Americas Gold & Silver; Diane Garrett, CEO at Highcroft; Alberto Morales, founder of Andean Precious Metals; Mani Alkhafaji, corporate development executive at First Majestic Silver; and Mitch Krebs, CEO of Coeur Mining for a deep dive into the current silver market. They discuss the persistent supply deficits and rising industrial demand shaping the metal's future. The group also explores strategic turnaround plans, cash flow dynamics, and the potential of vertical integration in silver's evolving landscape.
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INSIGHT

Structural Silver Supply Deficit

  • Mitch Krebs highlights that silver has moved from annual surpluses to five consecutive years of deficits driving structural change.
  • He argues limited new supply plus rising industrial demand makes a bearish reversal hard to justify.
INSIGHT

Price Realization Lags Cash Flow

  • Mitch Krebs explains that higher spot prices are only now flowing into corporate cash flow and earnings.
  • He expects sector-wide strong earnings growth over the next two to three quarters as price realization occurs.
INSIGHT

Antimony As Strategic Upside

  • Paul Huet describes antimony as a strategic, scarce byproduct with large potential margins and US supply shortfalls.
  • He notes domestic antimony production could meaningfully boost company revenues and national security supply chains.
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