Mining



You’ll Never Guess What Company’s Largest Holdings Is In This Gold Mining Stock

The precious metals markets are changing faster than we realize.  While the gold price reached a new all-time high of $2,089, this is only the beginning of the new bull market.  Already, we are seeing interesting moves by companies acquiring the Gold ETFs and mining shares.  One such company has this…

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TROUBLE IN PERU: Silver Production Recovery Stalls As Mine Supply Falls In July

Peru was on track to ramp up its silver production in the summer and early fall after the mine closures during April and May, stemming from the global pandemic.  But, something must have changed as Peru’s silver production recovery has stalled as the country’s mine supply fell in July…

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World’s Second Largest Silver Producer Lost 20 Million oz Mine Supply Due To Shutdowns

Due to shutdowns stemming from the global contagion, Peru’s silver production collapsed 20 million ounces versus the same period last year.  Mining companies have restarted operations, and the country expects to be at full production by the end of July.  We will see. However, it may turn out that Peru’s…

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CHART OF THE WEEK: Mexico & Peru Silver Production Big Declines Again In May

According to the data released by Mexico and Peru’s governmental mining data, domestic silver production continued to be depressed in May.  Interestingly, the production data just released from Mexico’s INEGI shows that the country’s silver production in May was even less than what they reported for April. I first wrote…

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