The low price of silver has finally claimed is first victim. Endeavour Silver announced that it will cut silver production by 25% in 2016. The company has three mines working in Mexico and will produce 7.2 million oz (Moz) of silver in 2015. However, Endeavour plans to shut down production…
There’s a coming Perfect Storm in silver as surging demand will overwhelm falling supply. The beginning stages of this storm are already forming, getting ready to converge when the conditions are right. The timing of this storm will occur as the Fed and Central Banks lose control over the massive…
Liberta– The price of Gold breached R 18,000/oz for the first time ever on the 11th of January 2016 in South Africa (R = Rand). It is currently standing on R 18,239/oz. Let’s take a look at the price of Gold in South African Rands (ZAR) over the last 30…
The Daily Coin– It is no secret the mining industry is in trouble and has been in trouble for several years. The acquisition cost for precious metals, especially gold and silver, have been at rock bottom since mid 2011. The base metals, like zinc, lead and copper have also experienced…
In a surprising update, the world largest silver producer actually experienced a decline in silver mine supply over the past two years. This is quite remarkable as several analysts and official sources reported or perceived that Mexico continued to shown an increase in silver production. I wrote about this in…
There continues to be a lot of misinformation on the internet, even on the alternative media. So, I thought I set the record straight. Yes, it’s true…. the facts show that the U.S. peaked in silver production a century ago. That’s correct, 100 years ago. In my recent article, U.S….