Ann: Progress Report - Silver production update May 2022, page-99

I hope there is another party around the corner!
This next q'ly is a the make-or-break. On one hand you have (as you've identified) physical stocks falling each month, but the demand versus supply issue not increasing price. Something has to give.
Couple that with if, and it is a big 'IF', MKR has manged to start getting some decent recovery they might just pull through but it is really getting tight. I suspect they'll renegotiate the debt to later - they can't come up with $7-10M in the next couple of months unless they've had amazing throughput and recovery. IF that happens, the only way is up when the silver price increases.