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Pam and Russ Martens: Wall Street banks double down on risk, sell credit default swaps
By Pam and Russ Martens
Wall Street on Parade
Thursday, October 6, 2022
Last Thursday, while news outlets focused on videos of the devastating impact of Hurricane Ian on the southwest coast of Florida, two researchers at the Office of Financial Research published a breathtaking and almost surreal analysis of how the mega banks on Wall Street are once again doubling down on unprecedented risk with derivatives and threatening the financial stability of the United States.
The report was ignored by mainstream business media. ...
... For the remainder of the analysis:
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Guanajuato Silver Production Up 85% from July to August
Tuesday, October 4, 2022
VANCOUVER, British Columbia, Canada – Guanajuato Silver Co. Ltd. (TSXV:GSVR; OTCQX:GSVRF) is pleased to provide an operations update highlighting the impact of additional production from the company's recently acquired Topia and San Ignacio mines:
-- 267,525 ounces of silver equivalent (AgEq) produced in August 2022; up 122,864 AgEq ounces or 85% from July, which only included production from El Cubo.
-- Cash costs per AgEq ounce continue to decline at El Cubo with July costs declining to $12.85; costs also remain in-line with expectations Companywide at $15.09 in August.
-- Silver and gold recoveries for August were 88.9% and 85.6% respectively.
The company anticipates ending the year at a run rate of approximately 3.4M AgEq ounces per annum.
James Anderson, chairman and CEO said: "Within one week of closing our latest Mexican mines acquisition we had initiated mining of silver-rich material from San Ignacio and began transporting this material to El Cubo for processing. This rapid restart again highlights our team's ability to swiftly and successfully restart mines and move them toward full production. In addition, production of silver-lead-zinc concentrates from our Topia mine in the Durango state continued uninterrupted through our integration process. Rrefinements at both the Topia mine and plant have been initiated with planned improvements expected in the months ahead." ...
... For the remainder of the announcement:
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