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Pittsburg, Kansas | I have been investing in silver and gold miners since somewhere around 2010. Most were startups and have went belly up. Some in US and some elsewhere like Mexico.
Did a tour of one near Kellogg Idaho and still own over sixty thousand shares worth zero. At least a dozen more that went belly up and are no longer even listed. Have I mentioned I've made a lot of mistakes in my lifetime? I'm putting most of those to use this year offsetting at least a portion of my realized gains taken this year. Sold a bunch that were still listed recently to take the losses for tax purposes and much to my surprise a few even showed a small profit.
But one mine we toured probably ten years ago that is now listed as IDR (under a different symbol when I purchased it as a pink sheet penny stock) is doing something. I've sold enough to way more than cover my investment and continue to hold the rest. Maybe I got lucky and picked a winner? At least they show cash flow and a profit. When we toured the mine they were underground mining and had a successful silver flotation plant near Kellogg. They had proven deposits that would justify an open pit operation if silver prices were to rise enough. Looked at a bunch of core samples that had been independently evaluated for proven reserves. Maybe we got lucky. Was kinda fun talking to the owners and putting on the hard hats and going down into the mine and looking at the deposits. Was an interesting time in our travel lives. Miners talking about mining is not that much different than farmers talking about farming. The same sort of addiction.
Edited by John Burns 12/19/2025 09:23
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Silver again !