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…
Get ready. The world is just beginning to learn about silver. With so very little physical bullion silver stocks in the world, when investors finally get “Precious Metals Religion,” who knows how crazy the price can go. This isn’t hype… just plain old fashion common sense, logic, and fundamentals. Silver…
The world’s second-largest silver producer saw its mine supply fall by one-third due to lockdowns stemming from the global contagion. When the Peru Ministry of Mines released its metals production figures last month for April, the country’s domestic silver mine supply fell by a stunning 74%. Then on July 3rd,…