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,…
With Mexico finally releasing its mine supply data for April, the top two silver producers saw their combined silver output decline by 53%. To give you an idea of the amount of lost silver mine supply from Mexico and Peru, it was more than all the global gold production that…
With the data now finally out, Peru’s silver mine production collapsed in April. Due to the shutdown of a large portion of Peru’s mining industry, as a result of the global contagion, the impact on the world’s second-largest silver supply was enormous. While I had mentioned in previous articles that…