Mining


The Silver Price Surges Higher As Mine Supply Falls In Top Producing Countries

As the silver price rally continues, mine supply from three of the top producing countries fell significantly this year.  Peru, Chile, and Mexico all reported declines in silver mine supply in the first half of the year, with Peru suffering the largest dropoff.  With these three countries accounting for 45%…

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Major Production Declines From The Top Two Primary Silver Mining Companies

As the silver price continues to break out of its lows, two of the top primary mining companies are experiencing major production declines in the first half of the year.  Mexico’s Fresnillo PLC and Peru’s Buenaventura’s top primary silver mines saw a significant decrease in production due to either falling…

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World Produces More Gold In A Day Than It Did For An Entire Year During 16th Century

After Columbus discovered the New World in 1492 and the Spanish began to extract vast amounts of gold and silver from Mexico and South America during the 16th century, the global production of precious metals would grow considerably over the following centuries.  However, the rise of gold production during this…

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Peru’s Largest Primary Silver Mine Production Plummets 54%

As the world financial system heads closer to the abyss, global production of the second most important precious metal, silver, continues to deal with serious problems.  According to Peru’s Ministry of Energy and Mines, the country’s largest primary silver mine saw its production plummet by 54% in the first quarter…

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