• Earlier this month, SLV acquired the Ranger-Page silver-polymetallic project, located in Idaho’s Silver Valley district. This district hosts over 90 operating and historic silver-lead-zinc mines.
  • We view this transaction as an excellent move by SLV, as it provides geographical diversification, particularly given that SLV’s primary projects are in Mexico. The country is facing a period of uncertainty due to the government’s proposed ban on open-pit mining (see page two for additional details).