$40 Silver Coming? Supply Crunch, M&A, and Why Miners Still Lag | Keith Neumeyer

Silver is hovering near $37/oz, its highest level in over a decade - but mining equities still lag. In this Kitco News interview from the Rule Symposium in Boca Raton, Florida, First Majestic Silver CEO Keith Neumeyer explains why silver miners haven’t caught up to the metal’s breakout, what’s driving the supply crunch, and how M&A and investor positioning are reshaping the sector.

Neumeyer says institutional interest is surging, retail margins are at record highs, and the company’s balance sheet is the strongest in its 22-year history. But he warns the industry needs “triple-digit silver” to bring new low-grade projects online - and says the market is still early in a new bull cycle.

Special thanks to our sponsor, G mining Ventures, for making this coverage possible. To learn more, visit: https://gmin.gold//

Key Topics:
-Why silver miners are still lagging the metal
-The real supply crisis: no new major discoveries
-First Majestic’s mint margins and balance sheet strength
-What’s needed for M&A: “chunky, permitted” assets
-Silver vs. gold: what hits $40 or $3,600 first?
-The case for Mexico as the top jurisdiction

Follow Kitco News on Twitter: @KitcoNewsNOW ( / kitconewsnow )
Follow Keith Neumeyer on Twitter: @keith_neumeyer ( / keith_neumeyer )
Follow First Majestic Silver on Twitter: @FMSilverCorp ( / fmsilvercorp )

00:00 Introduction to the Rule Symposium
01:04 Silver Price Dynamics and Market Sentiment
02:06 Challenges in the Mining Sector
05:03 First Majestic's Minting Operations
06:37 Operational Costs and Inflation
08:09 Mergers and Acquisitions in the Silver Industry
13:07 Geopolitical and Permitting Risks
14:22 Future Outlook

#Silver #MiningStocks #KeithNeumeyer #FirstMajestic #Gold #MergersAndAcquisitions #RickRule #KitcoNews
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