The amount of lost silver supply during the shutdown of the global economy from the two largest producers in the world was quite astonishing. This comes right at the time when the demand for silver investment is at the highest level ever. Recently, Mexico updated its silver mine supply…
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…
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…
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…
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…
Pan American Silver announced today the suspension of two of its silver mines in Peru due to several workers testing positive for the COVID-19 virus. The two silver mines in Peru accounted for 6.3 million ounces of silver output for Pan American Silver in 2019. It’s not clear if Pan…