Looking forward to my whopping $124 Divedend. Sigh. Kinda wish they had have not paid a divedend and preserved much needed capital for Hermosa.
In a wierd way its a big compliment to S32 that they are still profitable even in such a challenging landscape. So many miners operating cashlow negative at current commodity prices, Need the high cost operators to C&M their mines or to kick the bucket altogether and put the brakes on supply, which will likely start happening soon.
Outlook still looks ok, albeit highly capital intensive.
Been in and out of S32 since mid 2020 but I think holding S32 now only has merit for those patient enough to do so. I don't see it bouncing anytime soon.
S32 Price at posting:
$2.79 Sentiment: None Disclosure: Held
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